Northampton-based security contractor VSG has gained inclusion in the annual Sunday Times PricewaterhouseCoopers Profit Track 100 league table.
Published on Sunday, April 19, this table lists the 100 private companies with the fastest growth in profits over the last three years of available audited accounts.
VSG’s profits grew from £999,000 in 2005 to £4.2 million in 2008 – an annual rate of 61pc – putting the company at 61st position in the league table. The company was the largest employer in the Midlands to be listed, having created 1,980 jobs over the last three years.
"We’re proud and honoured to be listed in the Profit Track 100 league table," said Rob Jones, VSG Finance Director, "and we are especially proud that the growth in our profits is, for the most part, the result of business expansion. Other factors have, of course, contributed and these include economies of scale as our business grows, high contract retention and our efficient management approach."
"We know that some companies boost profits by aggressively trimming costs to the detriment of the services they provide, and others see raising prices as an easy path to profit, but our philosophy is different. We believe that the route to success and profitability is to provide all of our clients with the best possible service at a fair price. And, as our inclusion in Profit Track 100 clearly shows, this philosophy works."
Services
During the last three years, the company has opened new offices in the City of London and Dublin, and has acquired Rampart Security, a specialist in electronic security systems. It has also made large investments in staff training, which led to it winning the coveted Contribution to Skills Development & Training Award at the 2008 Skills for Security Awards.
"Our Profit Track 100 listing is a wonderful accolade and we’re delighted to have achieved it," said Rob Jones, "but we know that we can’t afford to rest on our laurels. The present economic conditions are as tough for us as for everyone else, but our response is to work harder than ever to give our customers the support and service they need. These efforts, complemented by our sound business infrastructure, give us confidence that we will be at least as successful in the future as we have been in the past."
