UK waste treatment and renewable energy specialist, New Earth Solutions Group has been identified by the London Stock Exchange as one of the top 1000 most exciting and inspiring enterprises in the UK.
The inaugural publication of the list features small and medium sized companies, with a view to highlighting the importance of SMEs to the future of the UK economy.
Many companies included in the list are mooted to be “the blue chips of tomorrow”.
To be considered, companies had to demonstrate not only a positive growth in revenue over the last four years, but also an increase in employee numbers, workspace, contract wins or patent filings.
With turnovers between £6m and £250m, the companies qualifying for inclusion were ranked according to average growth outperformance relative to their sector.
Darren Stockley, New Earth – “Entrepreneurial and ambitious businesses like ours benefit from platforms such as this to raise profile and enable a springboard to even greater heights. New Earth will continue to be one to watch over the coming years”
The 1000 businesses with the highest score and highest average revenue growth outperformance were selected for the list.
New Earth managing director, Darren Stockley commented: “New Earth is in an exciting period of development and to be recognised in this way is encouraging for our customers, investors and employees. Entrepreneurial and ambitious businesses like ours benefit from platforms such as this to raise profile and enable a springboard to even greater heights. New Earth will continue to be one to watch over the coming years.”
New Earth Solutions recently announced it was considering selling its shares on the London Stock Exchange to raise funds for expansion plans in the UK and overseas.
A number of “long-term projects” will require £200-300m of capital investment, according to the company, and as a result it could launch an initial public offering (IPO), which would see shares in the company sold on the stock market.
New Earth’s existing funding partner, New Earth Recycling & Renewables (Infrastructure) Plc has seen strong demand for the investment vehicle it created in 2008 to support the Group’s growth to date, and having built up net assets of circa £200m, the Fund will continue to play an active role in supporting the Group’s finances.