Financial Times names CloserStill as the fastest growing exhibitions business in Europe
FT1000 Index ranks CloserStill as one of Europe’s 600 fastest growing Businesses and 110th fastest growing of all UK companies
(London, April 7th, 2017): The Financial Times published its inaugural report on Europe’s fastest growing companies online today - the FT1000 index (https://ig.ft.com/ft-1000/).
There are more than 23 million companies in the EU and CloserStill has been ranked in the top 600 (577th) of all businesses in all sectors of industry. The rankings were based on revenue/sales growth over three years between 2012-2015.
CloserStill was the fastest growing exhibition organiser in Europe, according to the FT1000 index report with revenue growth of 184% over the three years and a Compound Annual Growth Rate(CAGR) of 41.6%.
According to the FT, CloserStill ranked just outside the top 100 fastest growing of all companies in the UK, ranked 110th.
The Financial Times ranking comes after CloserStill Media was placed 10th in the Sunday Times International Track 200 index, which ranks Britain's mid-market private companies with the fastest-growing international sales, based on their latest two years of available accounts.
CloserStill’s ranking is the highest of any exhibition organiser since the Sunday Times Fast Track series inception in 2011.
Since its foundation in 2008, multi award-winning CloserStill now has more than 30 events across the technology, healthcare and education sectors in UK and international markets including the United States, Germany, France, Singapore and Hong Kong.
Since its backing from private equity investor Inflexion’s Partnership Capital in early 2015, CloserStill’s young and vibrant event portfolio has been focussed on the expansion of its event brands in key global markets.
"Our unique ownership structure, where our staff and management own the majority of the equity in the business, combined with our innovative and disruptive business model, has allowed us to rewrite the rulebook on organic growth both here in the UK and internationally," said Philip Soar, CloserStill’s Executive Chairman.
The company has grown from around 12 employees in 2008 to an international headcount in excess of 180 and the company says it accelerating organic growth through further international launches of its event brands and is actively targeting acquisitions in key markets across Europe, Asia and North America. It has recently completed two acquisitions in the learning technologies sector in Singapore and France.
"We are delighted with the recognition the company has received from the Sunday Times, and we hope to stay near the top of the rankings for the next few years as we deliver our growth story" added Soar.