For the second year running, Rebound Electronics has been recognised as one of the UK’s Private firms with the fasted growing international sales coming 43rd in the top 100 with a growth of 81.34% (up 44 places on last year’s results). Fast Track is the UK´s leading networking events and research company which focuses on top-performing private companies, and publishes league tables ranking them in The Sunday Times. Its awards programmes identify the most successful companies, from the fastest growing to the biggest.
In Rebounds case, a turnover of over £80 million represented a growth of 81.34%. Overseas sales now accounts for 65% over Rebounds sales turnover with the remaining business coming from customers throughout the UK.
Simon Thake, CEO at Rebound Electronics, explained why Rebound has been so successful:
"It is difficult to attribute the success to any one thing. Rebound is fortunate to have a highly focused and dedicated team who work tirelessly towards our ethos of delivering excellent service and quality. In addition, Rebound has been pivotal in re-defining the electronics-sourcing model with the introduction of the term ‘Hybrid Distribution’. We recognised that the market place was in need of a fresh approach to how electronics products were procured because of changing market conditions and the customers’ need for suppliers to bridge the gap between current market offerings and a more focused approach to their needs."
In addition to this latest accolade, Rebound also finished third in the top ten companies with the biggest exports with International sales of £54 million during the last fiscal period.
International sales growth is measured by the company’s compound annual growth rate (CAGR) over its latest two years. In order to be eligible for inclusion, International sales had to exceed £1 million and be at least 10% of total sales in the latest accounts and not show a drop from the penultimate to the latest year, in which total sales had to exceed £5 million and profit before tax (PBT) had to be positive.
Companies also had to be independent and not subsidiary. Firms could also qualify if they had grown by acquisition but were disqualified if they had quoted subsidiaries.