British cash-handling equipment supplier Innovative Technology was recognized as one of the U.K.’s top 200 private companies in terms or international sales growth. For the first time, the company made the Sunday Times/HSBC International Track 200 list, which ranks Britain’s mid-market companies for the fastest in international sales growth, as measured over the two most recent years of available accounts.
Innovative Technology ranked 113 on the list, generating £26.4 million (US$41.03 million) of international sales in 2014, representing overseas sales growth of 30 percent.
The International Track 200 is Innovative Technology’s second Fast Track award. The company was named the 13th fastest-growing private company in 2014. Earlier this year, the company moved into a new, state-of-the-art head office and global development facility in Oldham.
“We’re extremely proud to have been recognized in the International Track 200 in our first year of entering,” said Tom Pennington-Brookfield, finance director for Innovative Technology. “The listing is a fantastic recognition of our continuing growth and expanding global footprint. Over the last 12 months, we have opened offices in Asia-Pacific, Italy and the U.S., giving us nine offices across five continents, helping us become a truly global company.”
Managing Director Aidan Towey added, “Being recognized in this year’s International Track 200 is a credit to all of our 270 staff worldwide who ensure that our cash-handling product range stays at the forefront of technical innovation. Our strategy of investing heavily in new technology, our people and our state-of-the-art R&D and head office facilities have paid dividends.
“To ensure we maintain our market leading position, and build on this success, we will continue to move into new geographies and new markets. To do this, we’re creating new, highly skilled jobs for electronic, software and mechanical engineers, physicists and mathematicians. We need more highly skilled people to develop the products of the future.”
