A DEWSBURY company has been listed as one of the UK’s fastest-growing businesses.
Rixonway Kitchens has been ranked 36th in the Sunday Times Profit Track 100 – and third in its home region of Yorkshire.
The list highlights private companies with the fastest-growing profits, based on their latest three years of available accounts..
Rixonway, one of the leading kitchen manufacturers in the affordable and social housing sector, earned its ranking after defying the downturn to lift revenues by 23% in 2009/10 to £28.8m.
Chief executive Paul Rose said: “We are delighted to have received this recognition in spite of tough economic conditions.
“Our results have been excellent over the last year, which is down to the hard work of the whole team.
“I would like to extend my personal thanks to every one of them and look forward to a successful 2011 for everyone.”
Despite tough economic conditions, the 100 companies on the list grew their profits over the last three years by an average of 72% a year to a combined total of £1.2bn in their latest available audited accounts. Together they employed 82,250 staff, having added 22,350 employees to their workforce during this time – some as a result of acquisitions.
Rixonway, which has 450 employees, has continued with a programme of capital investment despite the economic environment.
The recent addition of bespoke systems and equipment includes Preactor – to increase efficiencies and deliver time and cost savings to clients – and dust extraction system Ecogate, which has dramatically reduced the firm’s carbon footprint.
Said Mr Rose: “Over the last six years our focus has been on innovation, reliability and further improving our service.
“Our success in delivering this has secured many new contracts and has created excellent relationships among those who provide and maintain affordable and social housing stock. It is this to which we really owe our significant growth and record turnover and profit.”
The company is now producing more than 12,000 rigid units a week and also employs 40 designers who operate nationwide.