REDEEM Ltd is in 41st place in the latest Sunday Times Virgin Fast Track 100, published on Sunday. The list ranks Britain’s 100 private companies with the fastest-growing sales over their latest three years.
The Fast Track 100 companies increased their sales by an average of 89 per cent a year over three years (compared to 87 per cent on last year’s table), from a total of £504 million to £2.7billion. Their combined operating profits were £206m in 2011/12, and more than half of the companies (59) increased their operating profit margins over the last three years.
Most of the six Scottish companies on the list were in the top half, ranking from position eight to 56. All were on the list for the first time, joining 59 new entrants to the Fast Track 100.
Claes Svensson, CEO of Redeem said: “I am very pleased that Redeem has been recognised as one of the top 50 fastest growing private companies in the UK and it is a tribute to the hard work and entrepreneurship of our core team and staff. The Fast Track 100 is well known for fostering connections between the companies on their list: we are looking forward to networking with our fellow listed companies to exchanging ideas and opportunities.”
Fast Track has recognised and rewarded the UK’s top performing companies since 1997.
Half of this year’s Fast Track 100 companies either operate internationally, or are planning to expand overseas in the near future. Redeem is a WEEE recycler of used electronics for mobile network operators (MNO) and corporate clients in nine European countries.
The six Scottish companies on the Fast Track list are from the Central Belt, apart from BrewDog which comes from Aberdeenshire. The six Scottish companies include two manufacturers, two retailers plus two service industry companies: consumer electronics recycler, Redeem, and generator supplier and installer, Dieselec Thistle. Redeem specialises in making corporate social responsibility (CSR) easy for their clients and is a leader in driving sustainable business growth on the back of the environmental and economic benefits of electronics recycling.
Redeem refurbishes and resells or recycles high volumes of a wide range of IT and electronic equipment including mobile phones, tablets, MP3 players, sat navs, digital cameras, consoles, laptop computers, printer cartridges and games. Re-used electronic items are security and theft checked, data cleansed and sold in accordance with current legislation. Redeem has certified ISO 9001 & 14001 compliance as a specialist waste carrier and has won a number of local and national business awards.
Fast Track 100 is compiled by Fast Track, the UK’s leading networking events and research company, which focuses on top-performing private companies and entrepreneurs. Its annual national awards events and bespoke dinners provide an opportunity for the UK’s leading entrepreneurs and directors to network and to meet the sponsors.
FastTrack logos here
The Redeem group, founded in 1991, is an international environmental marketing services company. With 150 employees in Scotland, England and Hong Kong, the group provides sustainable, data secure, recycling services to MNO and corporate clients in nine European countries.
Redeem’s international clients includes mobile network operators, wholesalers, retailers, charities and direct consumers, such as O2 (Telefonica UK) and Sainsbury’s.
Redeem refurbishes and resells or recycles high volumes of a wide range of IT and electronic equipment including mobile phones, tablets, mp3 players, sat navs, digital cameras, consoles, laptop computers, printer cartridges and games.
All devices are reused or disposed of in accordance with the WEEE directive. Re-used items are security and theft checked, data cleansed and sold in accordance with current legislation.
Redeem has certified ISO 9001 & 14001 compliance as a specialist waste carrier and has won a number of local and national business awards.
Working with Redeem, O2 Recycle achieved the world record for the largest number of mobile phones to be recycled in one day (Guinness Book of Records).
Contact: Penny Haywood Calder