Company listed second in Investec's fastest growing company ratings.
UK jewellery company T&E Ferris Limited is celebrating being listed second on Investec’s 100 fastest growing mid-market company ratings, showcasing turnover of more than £28 million and a compound annual growth of 109% over three years.
In recent years, T&E Ferris owners and brothers Tom and Edward Ferris have opened 17 Pandora franchise stores in 17 months after securing a partnership with the charm concept brand. The pair’s portfolio also includes six SWAG stores, Burrell Jewellers in Tunbridge Wells and the UK distribution of silver and CZ jewellery brand, Diamonfire.
In 2013, the business sold close to £30m worth of Pandora charm bracelets and assorted accessories, with turnover continuing to climb by 30% in 2014.
The new list of the top 100 mid-market companies, compiled by Investec and financial company DueDil , and published in The Times newspaper, aims to shine a light on the ‘forgotten army’ of medium-sized businesses that are driving the UK’s economic recovery.
The top 100 is ranked by the increase in average annual percentage turnover growth across a four year period, with all of the businesses included recording growth of more than 23% year-on-year.
T&E Ferris director, Edward Ferris commented: “We are delighted to be featured in the top 100 fastest growing mid?market companies, it has come at a very exciting time of the year and at a major milestone in our company’s history.
To find out in the paper that we were second has just made 2014 a very special year. I want to thank everyone that has been involved in the creation of our business and to the many loyal and hard-working members of our team, this is the recognition they all deserve”