Compiled by Fast Track, the Oxford-based networking events and research company, the league table ranks the UK’s top one hundred mid-market private equity backed companies with the fastest growing profits over the past two years.
FDM is featured in the list for the third consecutive year, with the company debuting in 74th place in 2010, rising to 38th place in 2011 and now listing in the top 20 at 18th place for 2012.
At the Buyout Track 100 Awards Dinner held in London last night, FDM’s CEO Rod Flavell said, “It is an honour to be acknowledged for our continued success. Being placed as the top performing IT services provider is a direct result of the hard work and commitment of our staff, and being ranked in the top 20 overall is a huge achievement. With our ongoing leadership and innovation, we are determined to make 2012 the best year yet.”
The last two years have seen rapid exponential growth of the company, as FDM’s profits have grown by 74 percent per annum from GBP5.5m in 2009 to GBP16.5m in 2011.
FDM is the UK’s largest IT graduate employer with a current work force of over 1,000 employees, and is on track to employ another 1,000 graduates this year alone.
Rod Flavell continued saying, “Despite cost-cutting in the economic downturn, The Sunday Times Buyout Track list shows there are still companies doing extremely well in the climate, with the IT sector particularly showing an employment growth of almost six percent in the last year*.”
FDM houses eight offices worldwide and its international expansion has been the driving force to its financial success with the Hong Kong office officially opened in November 2011.
FDM listed with Inflexion Private Equity in 2010, which now has a 61.5% stake in the company, with the remaining percentage owned by management.
To find out more about FDM, please visit: www.fdmgroup.com
* According to the Office for National Statistics