Inspired Pallet-Track included in exclusive Stock Exchange list

Pallet-Track has been recognised in London Stock Exchange’s ‘1000 Companies to Inspire Britain’ which celebrates the UK’s most dynamic businesses.

Based in Wolverhampton, the business has achieved an £85 million turnover; handling an average of 10,000 pallets per night.  The network, which has 90 members, has seen a year-on-year growth since it was founded in 2004 and despite the recession.

To make the list, as well as showing consistent revenue growth, companies have to show they have significantly outperforming their industry peers.  Pallet-Track, the only member of the Association of Pallet Networks (APN) to be included in the prestigious listing.

Writing in the ‘1000 Companies to Inspire Britain’ publication the Chancellor of the Exchequer, George Osborne MP, praised the named businesses as ‘the backbone of the British economy’.

Nigel Parkes, founder and managing director of Pallet-Track, said: “This is a fantastic and unexpected award, but it highlights the hard work and determination of the business over the last 12 years.

“Year-on-year double-digit growth underlines a strategy of strong and sustainable expansion which has included the opening of a record-breaking southern hub to handle direct access to London and the south east, and a long-term partnership that opens up our European market.

“This is a considered strategy built around our people and our core values.  But this approach has proved successful in delivering strong growth and a clutch of prestigious industry awards, including this latest accolade from the London Stock Exchange Group.”

Xavier Rolet, chief executive of the London Stock Exchange Group, added: “Today’s celebration is fundamental to London Stock Exchange’s core, the need to support UK high growth companies in their journeys from Start-up to Stardom and create an entrepreneurship revolution.”

The full list of companies can be viewed at: www.1000companies.com