MVF has been ranked at number 123 in the latest Sunday Times HSBC International Track 200 list released today. The list ranks Britain’s mid-market privately held companies with the fastest growing international sales, measured over their latest two years of accounts.
Companies on the league table are required to have total sales greater than £25m, to have international sales greater than £1m, and a minimum growth rate of 16%. MVF had an average international sales growth of 29.58% over the past two years, leading to the business’s strong position on the prestigious list. Sales grew in both European and American markets, and the company’s recent expansion to the US was noted as a key growth factor.
MVF generates customers for companies all over the world, and has expanded its reach year on year, now operating in more than 120 countries. As MVF has grown, margins have improved and profit growth has been even stronger than revenue growth, proving the secure groundwork and stable vision behind the business.
The announcement of the International Track 200 is the latest in a string of successes for MVF, including being ranked in the Inc 5000 list, Deloitte Technology Fast 500 and coming in at number 4 on the Best Companies to work for list earlier this year.