Vivalda Group has been recognised as one of the UK’s most inspirational companies by the London Stock Exchange, appearing in the organisation’s annual ‘1000 Companies to Inspire Britain’ report for the fourth successive year.
The report is billed as London Stock Exchange Group’s celebration of some of the fastest-growing and most dynamic small and medium-sized enterprises (SMEs) in the UK and Europe.
As well as identifying 1,000 companies, the annual report examines in detail the opportunities and challenges facing SMEs and looks at the sectors and trends that will shape the future of the British and European economies.
While 2020 has been challenging for the UK’s largest supplier of cladding and facades, the group - which includes the Vivalda, MSP, Prism Power Coating and Pura Facades brands - saw a 7% uplift in pre-tax profit in 2019 from revenues up 2.5% to £34 million.
Peter Johnson, founder and chairman of Vivalda Group said: “It is fantastic to be recognised once again by such as well-known and respected institution as the London Stock Exchange.
“I pay tribute to Vivalda’s remarkable staff who remain stoic and determined in the face of the ongoing pandemic. Despite the impact of continued lockdowns, we think 2020 could end up being a good year for us.
“It is especially pleasing to see the important indicators heading in the right direction – profit calculated under EBITDA is £3.49 million, or 11% of sales. The future of UK cladding will belong to companies who invest consistently – in a skilled workforce, plant and machinery as well as customer service.”
Audited accounts confirm Vivalda invested £1.8 million in fixed assets during 2019/20, with total net assets now standing at £13 million.