Stevenswood, a West Lothian-based manufacturer of industry-leading PVC-U systems from The VEKA UK Group has been selected as one of the London Stock Exchange Group's (LSEG's) prestigious 1,000 Companies to Inspire Britain in 2016.
Described by the LSEG as “an annual celebration of some of the fastest-growing and most dynamic small and medium-sized enterprises (SMEs) in the UK”, the report – now in its third year – is supported by numerous senior politicians including the Chancellor, George Osborne MP, with media partnership from industry-championing national newspaper, The Daily Telegraph.
Only 56 Scottish companies, and 104 from the manufacturing sector throughout the UK made the list, further highlighting the prowess of Stevenswood's achievements over those of its peers.
Managing Director, Ron Hepburn commented: “To be listed in the report is reliant on a business' performance over the last four years – a period of significant growth for Stevenswood – and we're thrilled to have our accomplishments recognised by such a prominent exponent of UK enterprise.
“2014 saw us relocate to a new five-acre home, streamlining our manufacturing, with all processes now taking place under one roof. Capacity more than doubled within months of the move, comfortably making us Scotland's premier trade fabricator and one of the UK's top 30.
“Early last year, we secured £3.5m investment from the Business Growth Fund (BGF), enabling us to further expand production and double our trade counters throughout Scotland from 6 to 12. Thanks to the capital that the BGF invested, sales grew by 23% in the 12 months to 31st October 2015, and we now plan to open 10 additional trade counters in 2016.”
The boost in production and sales has been reflected in Stevenswood's employment figures, with 60 new jobs created since the BGF's investment, taking the company's total workforce up to 158.
“Stevenswood's growth has been rapid but sustainable”, Ron continues, “and we've never compromised the quality of our product or service. Our main market remains the loyal tradespeople we have built up over the years, but increasingly we're working with homeowners who want to 'do it themselves' too.
“The VEKA UK Group is the ideal systems supplier as it more than satisfies every link in the supply chain. Homeowners love the quality, versatility and performance of its products, and its installer support programmes provide reassurance that the fit will match the finish. As a fabricator, we know that the demand for VEKA products will always exist – especially given its propensity for technical advancements – and we don't underestimate the role our relationship with The Group has played in our continuing success.”
Dave Jones, Managing Director of The VEKA UK Group commented: “We're thrilled to see the work of one of our leading fabricators celebrated in such a wide-reaching and well-respected resource. Stevenswood has fearlessly grasped every opportunity open to it, and thrived through a tough economic period where so many have faltered. On behalf of The VEKA UK Group I offer my sincere congratulations – long may their success continue!”