Microlise, one of Europe’s leading telematics and transport technology providers, has been named in the annual Sunday Times HSBC International Track 200 league table.
Published over the weekend, Microlise is one of 16 companies headquartered in the Midlands, and just five in the East Midlands, to be named in the influential list. Businesses included are Britain’s mid-market private companies with the fastest-growing international sales.
Ranked at 124th, this news follows a significant 2018 for Microlise in which it opened offices in France and Australia; and won the Queen’s Award for Enterprise: International Trade.
Over the past two years Microlise has grown international sales by more than half, reaching a major milestone in India by selling more than 100,000 vehicle tracking systems to Tata Motors.
A world leader in vehicle fleet management solutions, Microlise also works with 80% of UK supermarkets, 13 of the 15 largest retailers in the UK and major transport operators including DHL and Eddie Stobart.
Microlise appears alongside well-known British brands, including BrewDog, now valued at over £1bn; and Charlotte Tilbury Beauty, founded by the Hollywood make-up artist.
The Midland’s top-ranked company is fitness clothing brand Gymshark, which is also in the top three nationally.
The average international sales growth for the top 200 companies was 69% a year, to a total of £14.1bn on combined total sales of £30.9bn. Together they employ 140,000 staff, having added 38,000 employees to their combined workforce in the year.
This year is the 10th anniversary of International Track. Alumni stars include Aston Martin, Specsavers, Fever-Tree, and Lush – which featured on the first league table in 2010 with exports of £151m, and which have now hit £300m.
Nadeem Raza, Microlise Chief Executive Officer, said: “We’re thrilled to be recognised amongst such an energised and successful group of businesses. It wouldn’t be possible without the hard graft of the entire Microlise team, so I would like to take this opportunity to thank all staff for their valuable contribution to our success.”
Microlise telematics, journey management and proof of delivery products help its customers reduce costs and the environmental impact of their fleet operations. This is achieved by maximising vehicle utilisation, increasing operational efficiency and improving economy and safety; whilst helping to deliver the very best customer experience by providing real-time visibility of the fleet against schedule.
An award-winning privately owned business, Microlise invests significantly in research and development annually to ensure its solutions continue to be underpinned by market-leading technology. In 2018 Microlise won the prestigious Queen’s Award for Enterprise – International Trade.
Each year, in May, Microlise hosts the Microlise Transport Conference. It’s aimed at those working in management or operational roles within fleet operators, regardless of fleet size, industry sector or which technologies they have in place. The one-day conference is free to attend, with a programme designed to provide valuable insights to delegates which inform their business and strategic decisions.
About Fast Track
Fast Track has published league tables of the UK’s top-performing private companies with The Sunday Times for the past 22 years. The company was founded and is run by Dr Hamish Stevenson, who also holds an associate fellowship at Green Templeton College, Oxford University.
League table criteria Companies had to be registered in the UK and be independent, unquoted and ultimate holding companies. They are ranked according to the compound annual growth (CAGR) in their international sales over the latest two financial years.
Total sales had to be at least £25m and international sales at least £1m in the latest financial year. Companies with sales of less than £25m are covered by its sister SME Export Track 100 league table.
The research was carried out by Fast Track principally between August and December 2018. Data on international sales can be limited. Companies filing abbreviated accounts are not required to disclose any geographical breakdown of sales, while firms that file full accounts can choose to not disclose a geographical breakdown of sales if it is prejudicial to their interests.
See website for full qualification criteria: www.fasttrack.co.uk