London Stock Exchange plaudit recognises AJS investmentPosted: 25th February 2016
A&J Scott identified in third edition of London Stock Exchange’s 1000 Companies to Inspire Britain report
Identifies fastest-growing and most dynamic small and medium sized businesses (SMEs) in UK
Recognition caps long term investment plan
A market leading home grown sawmill has been identified as one of London Stock Exchange’s 1000 Companies to Inspire Britain. A&J Scott, based in Northumberland, was named in the report celebrating 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. More detail on the methodology can be found in the report online at www.1000companies.com.
A&J Scott is one of the country’s leading independent sawmills, supplying sawn timber products for use in fencing, landscaping, outdoor and DIY products nationwide. Changes to working patterns at the company, as well as two multi-million pound capital investments in the last three years, have seen the company double its revenues over recent years. The business was founded in 1960 by the late Andrew Scott Snr, and is now managed by his son, Andrew Scott, as Chairman, and grandson, Robert Scott, who was appointed Managing Director in 2010. The company now employs around 140 people and processes in excess of 5,000 tonnes of timber each week at its Northumberland site.
Robert Scott, right, said, “Over the last sixty years we have established a firm reputation as one of the country’s leading independent providers of British grown timber.
“The investments we have made in new machinery over recent years will enable us to continue to thrive in our key markets, with increases in productivity, capacity and yield allowing us to provide the high standards of service that our customers need in this competitive sector.”
Mr Scott added, “We are delighted to be included in the LSE list this year, which we see as recognition of our strong focus on supporting the needs of our customers through the quality of our finished products and the standards of service we offer them.”
Xavier Rolet, Chief Executive, London Stock Exchange Group said, “High growth SMEs are the driving force behind the UK economy, developing the skills, jobs and growth we need. But ambition alone is not enough; their success must be highlighted and their growth properly supported with appropriate finance. That’s why today’s event is so important: demonstrating the strong alliance between UK Government, financial market participants, investors, entrepreneurs and companies to support these inspiring businesses.
“Today’s celebration is fundamental to London Stock Exchange’s core, the need to support UK high growth companies in their journeys from Start-up to Stardom and create an entrepreneurship revolution.”
Writing in the publication, The Rt. Hon. George Osborne MP said:
“UK high-growth businesses are leading the charge in rebuilding our economy. These companies are the backbone of the British economy. They create high-quality, well paid jobs, innovate and drive economic growth. This government fully understands the need to support ambitious entrepreneurs and ensure they can access the finance they need to grow.
“We have held the steadfast belief that –alongside deficit reduction – nurturing entrepreneurs, creating jobs, supporting hard-working families and keeping taxes low would get the UK economy back on track. Our measures to increase access to finance for business and encourage more investment have had a transformative effect on our economy.”
A full searchable database of all of the companies along with a downloadable pdf of the publication can be found online at www.1000companies.com