Lanchester Wines and its sister company Greencroft Bottling have been named within London Stock Exchange Group’s 1000 Companies to Inspire Britain (www.1000companies.com). The two businesses, which operate autonomously under common ownership, are the only sister companies named within the report and two of only seven wine businesses.
The report, which includes commentary from Prime Minister Theresa May, is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses. To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their industry peers.
“To receive a listing within such a prestigious report is outstanding, to receive two is exceptional and a testament to the hard work of every member of our team. Lanchester Wines and Greencroft Bottling are the flagship businesses of our group and their ongoing success is down to sheer hard work.
“As a group, we ended our last financial year (30 June 2016) with an annual turnover of £75.5million and an increase of £15m in the value of our asset base. This is largely thanks to our ability to be both flexible and fast moving in line with the ever changing global wine market.
“However, we’re aware we can’t rest on our laurels and have taken the conscious decision over the last 24 months to look closely at what we need in order to grow. We’ve invested in people, property and plant including £3m upgrade to Greencroft Bottling’s filling lines which can now fill up to 90,000 bottles and boxes of wine an hour. Where we’ve purchased property or land, we’ve invested significantly to ensure these facilities are improved upon to the highest standard. We’ve integrated leading-edge renewable energy and heat generation to not only provide for our sites, but also create additional income streams strengthening our business foundations.
“The next 12 months will be an interesting time for British business and whatever Brexit may bring, business won’t stop. We’re already planning for our future with ongoing expansion both organic and through acquisitions, broadening our business footprint into new markets and protecting our legacy.”
Xavier Rolet, Chief Executive, London Stock Exchange Group said:
“Four years on, LSEG’s ‘1000 Companies to Inspire Britain’ report continues to highlight the dynamic, entrepreneurial and ambitious businesses across the country that are boosting UK productivity, driving economic growth and creating jobs. The strength and diversity of these companies is readily apparent with a broad mix of UK regions and sectors represented. These companies are the very heart of an ‘anti-fragile’ economy: more robust; more flexible and less prone to boom and bust. We must ensure we continue doing all we can to support high growth potential businesses like these.”
The Rt Hon Greg Clark, Secretary of State for Business, Energy and Industrial Strategy:
“I want to congratulate the 1000 companies from across the UK featured in London Stock Exchange Group’s pioneering 1000 Companies to Inspire Britain report. Championing high growth innovative SMEs is crucial for the continued success of the UK economy and a country that works for everyone. We are committed to ensuring that companies of all sizes can access finance to grow, scale-up and create high quality well-paid jobs across the country.”
To read the full report, please visit www.1000companies.com