LDC-backed ADEY, Specialist People Services and Paladone all feature in the 2019 Sunday Times International Track 200, which recognises Britain’s mid-market private companies with the fastest-growing overseas sales.
Heating filter manufacturer ADEY ranked 111th after recording £4.1million sales to the EU in 2017, an increase of over 55% on the previous year. LDC backed the management buyout of the business in June 2016 to support its international expansion and has since started exporting to both China and the US.
HR services provider Specialist People Services also grew its international sales by 55% on its previous year, rising to £11.8million, and placed 113th in the list. The firm, which focuses on the road and rail transportation sectors, services clients in the UK and Australia. Last year it opened its fifth Australian office to help further drive sales growth. The firm has been working in partnership with LDC since June 2011 to support its ongoing expansion into new international markets.
Finally, leading gift designer and wholesaler Paladone, which supplies gifts to retailers across Europe, Australasia and North America, grew sales by over 53% and ranked 120th in the list. The company eclipsed £20million in international sales in 2018 and was backed by LDC in April last year to further support its international growth.
The Sunday Times’ recognition of these firms’ international sales growth follows a successful period for LDC-backed businesses with ambitions to grow overseas. In 2018, the 26 companies LDC exited collectively expanded into more than 25 new markets and increased sales by 79% on average during their partnership with LDC.
Last year LDC also provided follow on funding for Pelsis, Europe’s leading manufacturer of branded pest control products, to expand to the US by acquiring Curtis Gilmore, creating an international business group with revenues of €125million. In addition, LDC supported ZyroFisher’s acquisition of Royal Velo in France, which marked the first overseas acquisition for the UK’s leading cycling parts and accessories distributor.
You can find out more information on the Sunday Times International Track 200 and read the full list here: https://www.fasttrack.co.uk/league-tables/international-track-200/