The Sunday Times Grant Thornton Top Track 250 ranks the 250 biggest companies (outside of the Top Track 100) by sales, provided they meet specific growth and profitability criteria. Reconomy is in good company with the top 250; growing combined sales by 16% to £63.4bn, operating profits by 22% to £6.0bn and employees by 11% to 373,000.
Reconomy's inclusion follows a period of sustained growth and an accelerated strategic acquisition plan with Helistrat, Valpak and Prismm joining the group - which now employs over 500 people - in the last year. Paul Cox, CEO of Reconomy, was voted in Top 50 Most Ambitious Business Leaders in The Telegraph in 2018 and since then, the company has launched its industry leading Social Value Programme which is receiving much positive recognition.
Reconomy is one of five entrants in the West Midlands who are making their league table debut, including fitness clothing brand Gymshark and the cash and carry firm Wing Yip. They are joined by businesses from around the UK including Mountain Warehouse, Fat Face, PureGym and David Lloyd Leisure.
Commenting on their inclusion, Reconomy's CEO, Paul Cox, said: "Reconomy's position in this year's Top Track 250 reflects our success in combating the tough economic conditions and maintaining sustained growth in both revenue and profitability. Our goal is to bring about genuine change in the waste and recycling sector and this recognition shows that we are well on our way to becoming the UK's leading sustainable business, delivering meaningful commercial, environmental and social value."
David Hillan, Partner at Grant Thornton UK LLP, the title sponsor of the league table, praised the companies for their performance: "Whilst the headwinds of political and economic uncertainty have been a consistent feature of the UK economy over the past year, mid-market firms have continued to prove their resilience. They've demonstrated their adaptability to uncertain times and found opportunities for growth, both at home and abroad."
The full league table was published on Sunday as a 10-page supplement within the business section of The Sunday Times both in print and in the digital edition and on www.fasttrack.co.uk.