Chess moves up Real Business Hot List
Chess has been recognised for the second year running for its successful strategy of growth by ranking 37th in The Real Business/LDC Hot 100 2007.
Based on compound average growth rates[1] (CAGR) over a four-year period, the Hot 100 is a ranking of the fastest growing privately owned companies in Great Britain and has revealed a diverse mix of businesses.
Chess attributes its 91.7 per cent growth to its innovative and entrepreneurial approach to business. The Hot 100 is testimony to the vitality and spirit of Britain’s entrepreneurs.
“It’s something to celebrate,” says Grant Berry, head of new business at LDC, the private equity specialists that sponsor the survey. “To be growing profitably when the market is so competitive is a testament to the determination of the country’s entrepreneurs”
According to Berry, sustained growth depends on your people: “It’s about maintaining a positive company culture. You’ve got to get that spirit of endeavour – the same spirit the original entrepreneur had at the beginning – working among the whole team.”
[1] CAGR is the single rate of growth by which the starting value would have to grow by each year to reach the final ending value.
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