Sunday Times rates Treadsetters and Bandvulc
The Sunday Times has ranked two tyre companies as being amongst the fastest growing exporters in the country. The rankings form part of the International Track 200 Listing supplement in the Sunday Times (sponsored by HSBC Commercial Banking) which ranks Britain's mid-market private companies based on the past 24 months from available accounts. Treadsetters (Part of the TIA Group) was named the 59th fastest growing exporter surveyed. Bandvulc came in 192nd.
The International Track 200 Listing highlights focuses on companies with total sales between £25 million and £200 million and with international sales ranging from £5 million up to £100 million and an average two-year international sales growth pattern from 25 per cent up to 500 per cent.
According to the Sunday Times, export sales of £31.357 million and total sales of £71.213 million led to Treadsetters’ ranking. This latest accolade is the third prestigious ‘business award’ for Treadsetters since 2010 when the company received an HSBC Business Innovations Award and they also hold the distinction of being the only tyre wholesaler and producer to have been listed in both the Fast Track 100 (in 2012 at 76th position) and the latest International Track 200 Listings.
Currently exporting tyres to 42 countries around the world including their own Torque brand, Treadsetters has now taken their success as a leading UK based business to an international level. The company has maintained a continued rapid growth momentum over the past couple of years therefore ‘bucking the general trend’ of a static UK Business market. They have also regularly opened up new markets on a global basis and firmly established themselves as a leading supplier of value for money, quality tyres.
A Treadsetters spokesperson said: “With this recognition of our ongoing achievements in international sales in the past few years. It will act as an encouraging ‘springboard’ for Treadsetters to move further forward to increased sales growth in existing markets and to open up international market opportunities.”
The 192nd fastest growing exporter on the International Track 200 was Bandvulc, which specialises in tyre retreading and contract management and related services. According to the Sunday Times, Bandvulc’s exports reached £3.4 million in 2012 as a result of the company’s UK-based customers expanding their operations into markets Germany, Poland and Hungary. Despite this, the result could be seen as a slowing of export growth because Bandvulc was ranked 72 in the 2012 report. Bandvulc’s total sales were reported to have been £54.136 million.