The Encon Group is celebrating another year of success after ranking 98thin the 14thannual Sunday Times Grant Thornton Top Track 250 League Table.
The index lists the top 250 private mid-market growth companies in Britain who have achieved the biggest sales by managing risk and choosing the right strategic options. Encon ranks alongside businesses such as housebuilders the Stewart Milne Group, Keepmoat Homes, as well as Waterstones, Holland and Barrett.
Companies have excelled even though they have experienced challenges, such as the uncertainties of Brexit and growing shortages of skilled staff. In 2018, Encon’s sales are up 13% to £258 million, but the rising margins since 2014 have seen profits more than triple, to £13.5 million.
Stuart Moore, Encon’s chief executive, said: “The previous few months have been positive for our business, despite the building industry still experiencing a slight nervousness with investors and political uncertainty. The Encon Group will continue to face challenges with suppliers on stock availability, delivery lead times and price fluctuation. In spite of these challenges, the commitment, drive and smart decision making of our teams has enabled us to maintain growth. By continually improving operational excellence and quality customer service, we deliver results”.