London-based SME manufacturing specialist Get It Made has been recognised as one of the FT1000 Europe’s Fastest Growing Companies 2024 following the publication of this year’s list.
In the UK, the 723rd ranked company secured the fourth position as the fastest-growing manufacturer, a particularly noteworthy achievement considering the size and rapid expansion of the UK manufacturing sector. It also has significantly fewer employees per £000,000 of turnover, at £486,900 per employee, making it the most productive manufacturing company, which has grown organically since its inception in 2011, with zero venture capital investment. Resin manufacturer Vuba was placed 314th on the list, with a turnover of £289,147 per employee based on its 32-strong team (a total of £9,252,712), while the UK’s second fastest growing manufacturer on 2024’s FT1000 list was Fractory with £9,296,944 turnover, equating to £132,813 per head based on 70 employees.
The ranking highlights European companies that have achieved the highest compound annual growth rate (CAGR) in revenue in the three years to 2022. To be included in the 2024 FT1000, companies needed to have a minimum CAGR of 36.3%.
Luke Smoothy, Founder of Get It Made said: “Making it onto the FT1000 list is truly gratifying, as it reflects the remarkable commitment and effort put in by the team. This holds even more significance considering the challenges faced in 2020 and 2021 due to the strict COVID-19 restrictions. Despite the difficulties, our manufacturing work in London during that period presented us with unforeseen chances to address the significant gaps in supply chains across the UK through manufacturing services, including 3D printing, CNC machining and injection moulding.
“We’re enormously proud of the fact that Get It Made is the fourth fastest growing manufacturing company in the UK, as well as the most productive manufacturing business based on turnover per employee. Our success is testament to the team’s hard work, unwavering attention to detail and delivery of bespoke, high-quality outcomes to help us build a loyal and expanding client base. We feel privileged to work in an era of rapidly evolving innovation and technology which we’re able to harness to the benefit of our customers, driven by a simple ethos of providing simplified manufacturing processes while maintaining exceptional customer service.”
Each year, the Financial Times and research company Statista jointly identify the fastest growing companies across Europe by launching a public campaign and conducting supplementary research. The successful companies are then recognised in its annual edition of the FT1000 Europe’s Fastest Growing Companies Special Report, and is public acknowledgment of firms’ fast, sustainable, and organic growth.
Get It Made is among 130 companies included in the list from the UK, which is the third most-represented country on the list. Italy holds the first position and maintains its lead, followed by Germany in second place. As reflected in the FT report, London continues to be a prominent growth hub, and Get It Made is one of the 69 companies based in the capital that have secured a spot on the list. This achievement contributes to London maintaining its lead for the eighth consecutive year.