Gael Force top placed Scottish firm on Sunday Times HSBC International Track 200
Gael Force Group has featured as the top ranked Scottish company in a UK-wide league table for the fastest-growing international sales.
Published on 21st February, the 12th annual Sunday Times HSBC International Track 200 listed ten companies headquartered in Scotland (compared to eight last year) on the league table, including seven new entrants. The figures largely relate to financial periods before Covid-19 struck.
Gael Force Group debuted on the list at number 7 having grew an average of 190% per year over the last two years having opened a base in Canada, to hit £6.6m in 2019, on total sales of £41.9m.
The companies appear alongside well-known British brands including Gymshark, the activewear brand valued at more than £1bn last year; and Brompton, the bicycle manufacturer, which ships to 47 markets.
Stewart Graham, Gael Force Group founder, and managing director commented:
“Our inclusion in the Sunday Times HSBC International Track 200 is a welcome piece of news and great recognition of our strategic focus on export market development over recent years and the quality of our sector’s supply chain.
We, like many other businesses, are facing extremely challenging times resulting from the effects of the Covid pandemic, therefore, our strong strategic mindset and direction as demonstrated through the recognition from our listing in the Track 200 will be important in the months ahead as we look towards our next period of growth.
We also recognise the success of many fellow Scottish businesses included in the listing whose achievement in exports have in many ways been much greater than ours”.
Amanda Murphy, Head of Commercial Banking, HSBC UK, commented:
“After a challenging start to 2021, all eyes are on the companies that will drive a return to growth in 2021. We are confident that the innovation and entrepreneurial spirit of businesses such as those in Scotland listed on International Track 200 will carry them forward. These companies show the strength, ambition, and resilience of businesses across the UK and are the sort of businesses we are proud to support every day”.
International Track 200 star alumni include Skyscanner, Fever-Tree and Dr Martens.