Eurostar Global ranked 32 in the 2022 Midlands Business Insider's Growth 100 14/03/2022
Eurostar Global Electronics has been ranked 32 out of 100 companies by Midlands Business Insider magazine in their annual Growth 100 index for 2022.
Midlands Business Insider's Growth 100 ranks the 100 fastest-growing companies with a registered office in the region. It looks at a company's turnover over five years, as submitted to Companies House, and uses that to calculate an average percentage gain over four years. To make it into the G100, a business has to have shown an increase in its turnover of more than 18 percent a year, for four years.
EGE’s ranking in this year's Growth 100 was determined by its continued year-on-year growth, which was well ahead of the benchmark, displaying an impressive 29.18%. EGE continues to deliver significant growth and is building on its reputation and working on enhancing its position as a leading wireless technology hardware distributor, through expansion into the wider ecosystem of complementary products and services.
Responding to the achievement and position in the Growth 100, Managing Director, Peter Carnall said "Being featured in this year's Growth 100 is a significant achievement. To rank 32nd out of 100 and be alongside local Midland’s businesses such as Gymshark and Palletline, makes me immensely proud. Delivering double-digit growth as we enter our 16th year of trading, is a testament to the hard work, dedication, and experience of the team here at Eurostar. It also gives us the base to continue our future expansion, as we embark on our plans for 2022 and beyond, that includes a new 43,000sq ft warehouse and an innovative new range of products and services. We’ll soon have the capacity and capability to offer a unique and differentiated distribution proposition, that will enable us to build on the results that have helped us achieve this ranking.”