Reconomy rockets up Sunday Times PwC Top Track 250
Reconomy, the UK’s leading provider of outsourced waste management, recycling services and environmental compliance, has once again featured in the Sunday Times PwC Top Track 250 list – leaping 150 places from its 2019 position to claim 47th spot.
After a year of unprecedented growth in 2019 – driven both organically and through an ambitious strategic acquisition programme that saw six companies join the Reconomy Group – total revenue increased to £324m. Significant developments in the company’s technology and digitisation roadmap, as well as the success of its multi-award winning social value programme, RSVP, have underpinned this performance.
The Top Track 250 complements the Top Track 100 and ranks the next 250-biggest companies by sales, providing they show a minimum of 5% growth in sales or profits. Overall the top 250 companies grew combined sales by 17% to £59.7bn, operating profits by 25% to £5.1bn and employees by 15% to 405,000, prior to the pandemic.
Commenting on Reconomy’s heightened position, CEO, Paul Cox, said: “During these difficult times it’s fantastic to receive such positive news and I want to take this opportunity to thank the whole Reconomy team for their unwavering focus and dedication. Whilst the coming months look set to be challenging we remain hungry for further success, committed to the continued growth of the business and providing the most effective, sustainable solutions for all our customers.”
Arif Ahmad, a Private Business Partner at PwC UK, the title sponsor of the league table, commented: “There’s no doubt that 2020 has posed unprecedented challenges. But time and again, we’ve seen business leaders rising to that challenge, adapting their plans and taking the opportunity to innovate. This year, it’s more important than ever to recognise and congratulate the companies featured in the Top Track 250. They are the backbone of the UK economy and it’s our pleasure to work with them, at every stage of their journeys.”
Over16 years, the Top Track 250 league table has featured many of Britain’s most successful mid-market private companies, such as appliance maker Dyson, which first featured in 2005 with sales of just £277m, and this year featured in Top Track 100 with sales of £4.4bn.