Kerridge Commercial Systems has been ranked 37th in The Sunday Times HSBC International Track 200 league table of the UK's top 200 fastest-growing mid-market companies.
The league table is produced by Fast Track, an Oxford firm that researches and ranks Britain’s top performing private companies.
When surveying the companies, Fast Track found that the US is the most popular country for overseas sales, with 118 of the 200 companies citing it as a major market. It is also the top choice for future growth, with more than half the firms (107) planning to expand there.
Fast Track says the league table shows the resilience of Britain’s mid-market exporters. Despite the uncertainty created by the on-going Brexit negotiations, their combined international sales have grown by an average of 62% a year over the last two years to a total of £10.1bn, the highest growth rate measured in the survey since 2013.
The Sunday Times reported that it was another sign of confidence that 60 of the listed companies had chosen to acquire overseas businesses to help accelerate their growth – up from 46 last year. The six strategic acquisitions KCS made recently in Europe, the US and South Africa were instrumental in the company’s international sales reaching £24m in 2017.