Thomsons Online Benefits, the market leader in flexible benefits and benefit administration, has made its very first appearance in the prestigious Sunday Times Buyout Track 100 listing compiled by Fast Track.
The Sunday Times Buyout Track 100 league table ranks Britain's 100 mid-market private equity-backed companies with the fastest-growing profits over their latest 2 years of available accounts. This is the first time that Thomsons Online Benefits has appeared in Buyout Track 100, although they have featured in the last five Tech Track 100 league tables ranking Britain's 100 private tech (TMT) companies with the fastest-growing sales over the latest three years. Thomsons became only the fourth company to have been listed for five consecutive years.
In a league topped by online DVD rental provider Lovefilm.com, Thomsons was ranked 34th, just ahead of popular fashion retailer Jack Wills. Michael Whitfield, Chief Executive Officer, commented, “We are absolutely delighted to receive this accolade. It’s a really great start to 2011. The current business environment is still very challenging nevertheless we are continuing to invest heavily in both our people and our services to ensure that we deliver the very best solutions for our clients. Our systems enable employers to both cut costs and engage their staff and that’s a very attractive proposition in any marketplace, let alone todays.”
Michael founded Thomsons Online Benefits with Chris Bruce in 2000. The idea for Thomsons evolved over a number of years from working with clients who were increasingly frustrated by the growing administrative burden and who wanted to find a more effective way to both run and empower their employees to take control of their benefits. When he met Chris Bruce, the final piece of the jigsaw fell into place and a formidable new partnership was created. A year later, Thomsons Online Benefits was born with the foundation of the Benefit Express Ltd in December 2000. In 2004 pi Capital bought a 48% stake for £4m. Profits grew by 50% a year, from £1.5m in 2007 to £3.4m in 2009.
About Thomsons Online Benefits
Formed in 2000, Thomsons Online Benefits aims to help businesses get the maximum benefit from their employee reward schemes. With a unique blend of consultancy and technology, Thomsons creates Intelligent Reward™ solutions with schemes such as flexible benefits and salary sacrifice, amongst others. This allows businesses to reward employees, without the administration and communication headaches often associated with running such schemes.
Thomsons has won more than 26 awards and attracted a prestigious portfolio of clients, thanks to a combination of innovation and service quality. Thomsons Online Benefits currently takes care of its clients globally from their offices in the UK, Asia and the USA. Thomsons Online Benefits Ltd is authorised and regulated by the Financial Services Authority.