Industry News

HTL Group was among just 25 north-east  based companies featured in the London Stock Exchange Group’s (LSEG) 2020 ‘1,000 Companies to Inspire Britain’ list, which looks to celebrate the fastest growing and most dynamic small and medium sized enterprises in the UK.

HTL Group has more than 20 years of experience in providing first class solutions in hydraulic torque, bolt tensioning and related bolting services. To be recognised for the LSEG list, HTL had to show significant growth over the course of three years, as well as stand out amongst its peers across the UK. Nationally, the featured companies within the list recorded an average revenue growth of 41.2% and have created more than 42,000 jobs over the period.

PJ O’Connell, senior commercial director at HTL Group, commented: “This is a fantastic achievement for HTL. There are nearly 6 million SMEs in the UK, so to be considered in the ‘Top 1,000’ is reward for the all hard work and dedication from our whole team. Our customers across various industries recognise HTL’s focus on ‘best in class’ service and innovation. It has provided us with the resilience needed in these challenging economic climates.”

As well as identifying 1,000 companies, the annual report examines in detail the opportunities and challenges facing UK SMEs, with a particular focus on the crucial need to rebuild the economy following the effect of Covid-19 on all industries.

David Schwimmer, CEO of the London Stock Exchange, stated: “In this challenging year for businesses, it is more important than ever to shine a light on these stories of resilience and entrepreneurship. The success of UK SMEs is crucial as we rebuild a post Covid-19 economy, and the London Stock Exchange Group is committed to helping growth companies achieve their potential.”