Thursday 10th October 2024
Showground, Wadebridge

Ignition Hits Top 20 in Fast Growth 75

Ignition, a leading provider of vehicle and asset finance for UK SME’s, has made the Western Morning News Fast Growth 75 list for the fourth year running, this year climbing 32 places to 19th position.

Compiled in partnership with accountancy firm KPMG, law firm Stevens Scown and Shawbrook bank, the list is the ‘who’s who’ for businesses in the Devon and Cornwall region that have grown and expanded, creating jobs and wealth. Out of the 75 companies listed, only 5% are from the financial services industry, and Ignition is the only vehicle and asset finance provider.  The Truro-based company is actually positioned 7th on the table out of businesses based in Cornwall.

The Western Morning News article stated: “The annual guide is a snapshot of the regional economy – it shows who is leading the way and the sectors that are reaping the rewards for all the investment they have put in to innovation, identifying new markets, people and infrastructure to build their businesses.”

To be included in the list, companies needed to have a registered office and to operate from Devon or Cornwall, have a turnover greater than £100,000 in the first of the four years’ accounts reviewed and over £1 million in the latest year, and have a consistent reporting structure throughout the four years.   All the companies that met these criteria were then ranked by mean sales growth over the four-year period to arrive at the final list of 75.

Ignition’s Director, Alan Tutte commented:
“The Fast Growth 75 list is historically fairly fluid, with companies dropping in and out while they expand and re-group. This year over half the companies listed were not listed last year.  The fact that we’ve been included four times, and have jumped up to 19th position, demonstrates our ability to continually build on our success.  It’s all down to the strength of our team, our commitment to the business, and the excellent service we offer our customers.”

To view the full list of companies,  click here.