Phi recognised as a top growing SME

Phi has been ranked 73rd in the inaugural BT Business SME Export Track 100 league table, published this weekend. Phi is among eight technology companies featured in the research report, which ranks for the first time the top 100 small and medium-sized enterprises (SME’s) with the fastest-growing overseas sales.

All companies listed had to achieve total sales of between £5m and £25m in the latest year, with international sales accounting for at least 20%.

‘This is a significant achievement for Phi Partners,” says CEO and Founder, Desmond Stockdale. “We are delighted that our unique position in the global market place and the strength of our international presence is recognised. This award validates our strategy to grow our business overseas by maximising opportunities in international markets”

Phi saw a rise in international sales of over 41% in two years, with recent signing of a number of significant new clients in Germany, as well as new clients in Sweden, Hong Kong, Thailand, Cyprus, Israel, and Turkey.

Danny Longbottom, Managing Director UK SME at BT Business, commented:

“I would like to congratulate the businesses recognised in the inaugural Export Track 100, who are proving that it’s not necessarily size that determines international success. These businesses have used a combination of self-starting ambition, smart use of technology, and sheer hard work to punch well above their weight in the global market. The fruits of their labour are contributing to a strong and diverse UK economy, which we can all be thankful for.”

The full league table was published in a four-page broadsheet supplement in the business section of The Sunday Times on 17 May, both in print and on the digital edition, and on www.fasttrack.co.uk.

About Sunday Times BT Business SME Export Track 100

The inaugural BT Business SME Export Track 100 league table ranks Britain’s private SMEs with the fastest-growing international sales in their latest two years, where sales data were publicly available or obtained from the company. For more information and downloads of the research report, visit http://www.fasttrack.co.uk/fasttrack/leagues/smeexport100programme.html.

Reproduced by permission. Copyright The Sunday Times BT Business SME Export Track 100