Westminster Group PLC (LON:WSG), a leading supplier of managed services and technology-based security solutions worldwide, said it has been identified as one of the ‘1,000 companies to inspire Britain’ in 2020 in a report issued on Tuesday by the London Stock Exchange Group PLC (LON:LSE).
The report recognises the UK’s fastest-growing and most dynamic small and medium-sized businesses (SMEs), highlighting the regional and sector diversity of the UK's SMEs and the entrepreneurial spirit shown by these companies.
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To be featured in the report, businesses have to be registered in the UK and demonstrate strong revenue growth over the last three years and outperform their sector peers, creating a unique list of the UK's most innovative SMEs.
"We are very proud to have been recognised by the London Stock Exchange as one of the select 1,000 Companies across all sectors to Inspire Britain 2020, especially in a year like this one. 2020 has been a difficult year for everyone but our team has continued to work hard and helped to make Westminster stand out. We are continually investing across our business and striving to supply much-needed products and solutions for our customers”, Westminster Group chief executive Peter Fowler said in a statement.
"Following three years of double-digit percentage revenue growth we have further delivered a remarkable 24% growth in the first 6 months of 2020, despite the world impact of [coronavirus], to a global client base including prisons in the UK, law enforcement in America, facilities in Germany, Israel, Iraq, and Hong Kong; and even the Palace of Westminster. There are approximately 4mln companies registered in UK, with some 500,000 new incorporations each year, so to be highlighted in the 1,000 most inspirational in UK this year is a great accolade and a testament to the hard work and dedication of all our staff", he added.
"This report highlights the vital role of SMEs in driving economic growth, leading innovation and providing jobs across the UK. In this challenging year for businesses, it is more important than ever to shine a light on these stories of resilience and entrepreneurship", added LSE CEO David Schwimmer.
Shares in Westminster rose 2.1% to 6.5p in early trading on Tuesday.