NORTHAMPTON, England, April 20 /PRNewswire/ -- Northampton-based VSG, one of the most successful companies in the UK security sector, has achieved the accolade of inclusion in the annual Sunday Times PricewaterhouseCoopers Profit Track 100 league table. Published on Sunday 19th April, this prestigious table lists the 100 private companies with the fastest growth in profits over the last three years of available audited accounts.
VSG's profits grew from GBP999,000 in 2005 to GBP4.2 million in 2008 - an annual rate of 61% - putting the company at 61st position in the league table. The company was the largest employer in the Midlands to be listed, having created 1,980 jobs over the last three years.
We're proud and honoured to be listed in the Profit Track 100 league table, said Rob Jones, VSG Finance Director, and we are especially proud that the growth in our profits is, for the most part, the result of business expansion. Other factors have, of course, contributed and these include economies of scale as our business grows, high contract retention and our efficient management approach.
We know that some companies boost profits by aggressively trimming costs to the detriment of the services they provide, and others see raising prices as an easy path to profit, but our philosophy is different. We believe that the route to success and profitability is to provide all of our clients with the best possible service at a fair price. And, as our inclusion in Profit Track 100 clearly shows, this philosophy works.
VSG consistently invests a large proportion of its profits in enhancing the range and quality of the services it provides to its clients, and in developing the infrastructure of the business to provide a platform for strong future growth.
During the last three years, the company has opened new offices in the City of London and Dublin, and has acquired Rampart Security, a specialist in electronic security systems. It has also made large investments in staff training, which led to it winning the coveted Contribution to Skills Development Training Award at the 2008 Skills for Security Awards.
Our Profit Track 100 listing is a wonderful accolade and we're delighted to have achieved it, said Rob Jones, but we know that we can't afford to rest on our laurels.
The present economic conditions are as tough for us as for everyone else, but our response is to work harder than ever to give our customers the support and service they need. These efforts, complemented by our sound business infrastructure, give us confidence that we will be at least as successful in the future as we have been in the past.
Note to Editors:
Established in 2000, VSG is one of the fastest growing independent companies in the UK's manned guarding and electronic security industry and ranked 61 in the 2009 Sunday Times Profit Track 100 companies. The company employs 4,500 staff and has an annual turnover in excess of GBP120 million.
VSG's customer base extends throughout the UK and the company's services are further supported with local offices in the City of London, Belfast and Dublin.
2008 proved to be one the most successful in VSG's 8 year history, as the company won 8 nationally acclaimed awards across all areas of the business. These included a Merit award in the Security Officer of the Year category at the prestigious Irish Security Industry Association Awards, four accolades from the BSIA (British Security Industry Association) and two from Security Industry's Oscars, the Security Excellence Awards, including Security Guarding Company of the Year, plus it was the only company to be honoured by Skills for Security, receiving the Contribution to Skills Development Training accolade at the November 2008 event.
For press information please contact: Rob Jones, Finance Director VSG 650 Pavilion Drive Northampton Business Park Northampton NN4 7SL T: +44(0)1604-744000 F: +44(0)1604-700050 E: Deborah.palmer@VSG.co.uk http://www.vsg.co.uk Linda Tyrrell Henley Group International Graffix House Newtown Road Henley on Thames, Oxon RG9 1HG T: +44(0)1491-570972 F: +44(0)1491-575327 E: Linda@henley.co.uk http://www.henley.co.uk
For press information please contact: Rob Jones, Finance Director, VSG, 650 Pavilion Drive, Northampton Business Park, Northampton, NN4 7SL, T: +44(0)1604-744000, F: +44(0)1604-700050, E: Deborah.palmer@VSG.co.uk; Linda Tyrrell, Henley Group International, Graffix House, Newtown Road, Henley on Thames, Oxon, RG9 1HG, T: +44(0)1491-570972, F: +44(0)1491-575327, E: Linda@henley.co.uk