MVF has been named the 50th most profitable business in the UK in the Sunday Times Profit Track 100. The league table, which ranks Britain’s private companies with the fastest-growing profits is in its 18th year and has previously featured household names Carphone Warehouse, Dysons and Dixons.
This is the first time MVF has made the list, an achievement made even more notable because the companies listed this year have achieved a higher average rate of profit growth (83% pa) than any previous Profit Track 100 league table.
It has been another record breaking year for the business – the US office has doubled in size, we have launched into new sectors and now operate in over 120 countries around the world.
MVF’s Michael Teixeira comments: “I am incredibly proud of everyone in MVF for reaching this landmark moment. I have been with the business since it was still in the startup phase and so to now be at the point where we are listed with such notable UK businesses in such a prestigious list is momentous for MVF. Our business is driven by our incredibly smart teams who are constantly innovating and pushing our business forward, and it is testament to their hard work that we are in this position today.”
Stuart Lisle, partner at BDO, the title sponsor of the league table, commented: “High-growth, mid-sized businesses played a leading role in the UK economic recovery after the global financial crisis. With Brexit and more uncertainty looming, it is companies like these with their natural energy, ambition and entrepreneurial spirit that will help the UK economy thrive. By supporting their growth, government would also be helping to achieve a more regionally balanced economy that ‘works for all’.”