Paxton has been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Europe. The report is a celebration of high-growth and the most dynamic small and medium sized businesses across Europe.
To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their country peers. This report demonstrates critical importance of high-growth, private, small and medium sized companies (SMEs) to future European economic growth, innovation and job creation.
This follows Paxton’s inclusion in last years’ Financial Times Europe’s 1000 Fastest Growing Companies report recognising 1,000 companies in Europe that have achieved the highest percentage growth in revenues between 2012 and 2015. The ranking in both reports highlights the company’s growth in the local and global security market. Paxton also celebrated ranking 49th in the 2018 Sunday Times 100 Best Companies to Work For, the annual survey run by the ‘Best Companies’ organisation. In the survey 96% of employees said they believe they can make a valuable contribution to the success of the company.
“We are thrilled to, once again, be part of this prestigious list,” said Adam Stroud, Paxton’s Chief Executive. “It is another milestone on our journey to become world-class in all that we do. Paxton aspires to provide innovative products, industry-leading customer support, high-quality and efficient manufacturing, along with being one of the country’s best companies to work. We are taking full advantage of the opportunities provided by new technology to fulfil customer‘s requirements for secure, convenient and energy efficient buildings.”
“Thanks to dynamic and innovative, high-growth SMEs, employment has reached new record levels with almost 240 million people in jobs,” added Jyrki Katainen, European Commission Vice-President for Jobs, Growth, Investment and Competitiveness. “We need to continue on that path and create a favourable business environment enabling cutting edge innovators and solid manufacturing SMEs to grow and reach their full potential. Stock exchanges, such as London Stock Exchange Group, are an essential part of our Capital Markets Union, helping those with ideas to meet their financers.”
“The economic potential of Europe’s fastest growing companies is clear in ‘1000 Companies to Inspire Europe’,” noted Nikhil Rathi, CEO, London Stock Exchange Plc. “The report shows high-growth SMEs are the innovators, job creators and drivers of economic growth. They have the potential to transform the European economy and give the next generation of young people the future they deserve.
“So, it is vital that we give these companies, and companies like them, access to suitable growth finance. London Stock Exchange Group is committed to supporting the job creators of tomorrow, increasing their access to long-term patient capital to fund their continued success.”