Jestic Foodservice Equipment has been recognised in the London Stock Exchange’s ‘1,000 Companies to Inspire Britain’ list for 2016.
The annual celebration of some of the country’s most dynamic, consistently expanding small and medium sized businesses from a broad selection of market sectors, also examines the opportunities and challenges that face companies and the trends that will shape the UK’s economy moving forward.
Identified in the 2016 list, Jestic achieved recognition having achieved a number of predefined criteria. These benchmarks included being able to demonstrate consistent revenue growth over the past four years while also having outperformed similar companies in the same market sector.
The 2016 report is the third annual report from the London Stock Exchange and has demonstrated some remarkably positive figures for the previous 12 months including a 45% revenue growth in the companies listed across the Southeast of England, including Kent, where the Jestic head office is located.
Of the 1,000 companies in the list, 104 were in the manufacturing and engineering, a sector that the report suggests has a turnover of around £1.7trn a year in the UK alone.
Steve Loughton, managing director at Jestic Foodservice Equipment, said: “It’s encouraging for the foodservice equipment supply sector to be recognised in such a prestigious export. The importance of continued growth in our economy and innovation in the market sector is one we truly believe is key to the ongoing success of the country as a whole.
“For us as a business, our commitment to quality, our ethos for exceptional customer service and striving for the very best in commercial kitchen equipment has been met by an industry led drive for more open plan kitchens. Going forward, a growing desire to be more sustainable, use less energy and create less waste offers a great opportunity for future growth within our business as a whole.”
Xavier Rolet KBE, chief executive of the London Stock Exchange Group, said: “High growth SMEs are the driving force behind the UK economy, developing the skills, jobs and growth we need. But ambition alone is not enough; their success must be highlighted and their growth properly supported with appropriate finance.”