7th February 2010. Comtec Group is delighted to announce that it has been placed 91st on the highly influential Sunday Times Deloitte Buyout Track 100 (announced Sunday 7th February). Comtec is one of only three Welsh companies in the list and one of only four travel companies to be included (also Kew Green Hotels (7th), London City Airport (42nd) and Q Hotels (53rd)).
The Sunday Times Buyout Track 100 league table ranks Britain's 100 private equity-backed companies with the fastest-growing profits (EBITDA). Buyout Track 100 is compiled by Fast Track and published in The Sunday Times each February, with an awards event in March and regional dinners throughout the year.
A typical Buyout Track 100 company has:
Profit growth ranging from 15% pa to 140% pa
Profits ranging between £3m and £50m
Sales ranging between £20m and £1bn
At least 20% of the companies are owned by private equity houses
Simon Powell, Comtec CEO commented, “We are delighted to have been listed in the top 100 of this highly prestigious list, particularly at the end of such a challenging financial year. As a professional services provider, we are only as good as our people, and this achievement belongs as much to our tremendous staff at Comtec as it does to the management team.”
To see the releases from Sunday Times Fast Track, see http://www.fasttrack.co.uk/fasttrack/press/bt10-wal.pdf and http://www.fasttrack.co.uk/fasttrack/press/bt10-nat.pdf
ENDS.
For further information, contact:
Sophy Norris, Flagship Consulting SW
01392 426 287
Sophy.norris@flagshipconsulting.co.uk
Editor’s Notes:
Comtec Group
Comtec is amongst a select group to have received both the Queen's Award for Enterprise and Microsoft's Gold Certified Partner status. It was also voted “Best Technology Provider” in the prestigious Globe Awards. Its systems process over £5 billion in sales revenue annually.
About the league table
This is the fourth year of The Sunday Times Deloitte Buyout Track 100, compiled by Oxford-based research and networking events company Fast Track. It will be published on 8 February in The Sunday Times, with the business section, and on www.fasttrack.co.uk.
Title sponsor of the league table is Deloitte and main sponsor is Lloyds TSB Corporate Markets.
League table criteria and UBS.
Companies are ranked according to the compound annual growth in their profits over two years, based on their latest available figures. The research therefore carries the caveat that their performance may have changed since. Profits had to exceed £1m in the base year and £3m, but less than £50m, in the latest available figures.
Profits are defined as earnings before interest, tax, depreciation and amortisation (EBITDA).
EBITDA is generally used by private equity houses as the best indicator of a company’s profit.
Companies had to be registered in the UK, be independent, unquoted and ultimate holding companies. At least 20% of a company’s shares had to be owned by a private equity fund.
The research was carried out by Fast Track between 1 August 2008 and 1 January 2009. The vast majority of companies were interviewed by telephone and/or visited by the research team.
About Fast Track
Fast Track is an Oxford-based networking events and research company with 13 years’ experience publishing league tables ranking Britain’s top-performing private companies, and organising events for entrepreneurs to network and meet our sponsors.
The company was founded and is run by Dr Hamish Stevenson, who is also an associate fellow of Green Templeton College, Oxford University.
www.fasttrack.co.uk
For further information please contact:
Naomi Colegate, Fast Track on 01865 297023
Email: naomi.colegate@fasttrack.co.uk