Oval proud to be placed in the Sunday Times 2010 Deloitte Buyout Track 100
The Oval group is proud to have been named number 85 in Britain’s 100 fastest-growing private companies as announced in the latest Sunday Times Deloitte Buyout Track 100 published on 7th February 2010.
Now in its thirteenth year, the prestigious national league table tracks Britain’s top 100 companies with the fastest growing profits. The league table ranks companies on their annual growth in EBITDA over the last two years.
The table also features household names such LoveFilm.com, shoe retailer Office, and Yo Sushi.
Phillip Hodson, CEO of the Oval group said “It is good to be recognised for the second time by such a high-status and respected association. Oval has acquired 33 companies in the last six years, and it was this progression coupled with crucial organic growth that allowed us to be acknowledged in this way, at a very difficult time in the economic cycle.
Notes for editors:
About the league table
The fourth annual Buyout Track 100 league table supplement was published in The Sunday Times on 7 February 2010, with title sponsor Deloitte.
Over their latest two-year period, the companies increased their profits (EBITDA) an average of 57% a year from £567m to £1.3bn, created 25,500 jobs and now employ 86,500. However, operating profit margins were down for a third of the companies, and just 11 league table firms were involved in buyouts in 12 months preceding publication, compared to 26 last year.
The league table features retail names such as Dreams, Poundland, and Jack Wills. The No 1 company is Investcorp-backed Moneybookers. The online payment provider achieved profit growth of 177% a year to £13.9m in 2008.
About the Oval group
Since Oval was established in October 2003 it has built a strong national business by acquiring, and integrating, high quality regional brokers and financial advisory companies.
Oval handpicked companies that already had excellent reputations in their regions and were known for their attentive approach. The company’s success is based on delivering first class service, locally, to clients throughout the UK. Clients range from multinationals and small businesses to sole traders and private individuals.
To date 33 companies have joined the Oval group and the business now has more than 1,200employees across the UK. As an integrated group comprising insurance, risk, healthcare and financial advisory specialists, Oval brings a wider range of expertise to the table.
At the heart of Oval’s business is an emphasis on service excellence and total commitment to client care. Oval constantly aims to exceed service expectations and accordingly is proud of its client retention rate.