A Telford business has been named as one of the thousand “companies to inspire Britain” in a new national report.
Digiland Ltd, which sells LED lighting and electronic equipment, has been hailed as an “innovator of tomorrow” by the London Stock Exchange in a report to find the thousand most exciting small and medium-sized companies in the UK.
Director of Digiland, Jaydee Park, said he was honoured by the accolade which he dedicated to the hard work of staff at the company.
Mr Park established the company nine years ago and has seen it grow to a turnover of £19 million and a workforce of 70 staff.
He said: “Everyone at Digiland has worked incredibly hard over the past nine years to get to the position we are in now. To be named as one of the most exciting companies in the UK by an organisation as prestigious as the London Stock Exchange is a great honour, and a wonderful confidence boost for all of our staff.
“Over the past nine years we have concentrated on selling Samsung electronic products, but we are now expanding to distribute LED lighting which we are very excited about.
“I believe the energy-saving benefits of LED lighting are really significant and I am passionate about helping businesses and public sector organisations make savings by using LED lighting.
The “1000 companies to inspire Britain” report was published by the London Stock Exchange on 29 November and described as a celebration of some of the fastest-growing and most dynamic small and medium sized enterprises (SMEs) in the UK.
Xavier Rolet, Chief Executive of the London Stock Exchange Group, said: “The UK has some of the most inspiring growth businesses in the world. Our report showcases some of these fast-growing and dynamic companies; the type of companies we believe will help fuel the long-term growth of the UK economy.
“Working with the Government and the wider financial community, we need to foster an ecosystem that promotes the right type of funding for businesses at each stage of their journey, so that together, we can drive our own prosperity.”
The report was compiled and audited by Growth Intelligence, a UK software company specialising in monitoring the real-time data footprint of UK companies.
To be considered for inclusion in the report, companies had to meet a range of criteria, including being UK based, having a turnover of between £6 to £250 million in the last 12 months and a minimum of three years in operation. Companies had to demonstrate not only a positive growth in revenue over the last four years, but also an increase in employee numbers, workspace, contract wins or patent filings.