Pattonair listed in prestigious Sunday Times index of fast-growing businesses

Derby-based aerospace and defence supply chain service provider Pattonair is one of the UK’s fastest-growing medium-sized businesses, according to the Sunday Times.

The firm was the only Derby company to make this year’s Sunday Times Top Track 250 league table.

Pattonair was a new entrant, ranking at number 68 on the index, having recorded sales of £320m and profits of £27m in the financial year ending March 2017.

The firm provides distribution and supply chain management services to the aerospace and defence sectors, including sourcing, inspecting and delivering a range of products such as bearings, fasteners and seals. It has operations in Germany, Poland, Italy, France, Singapore, China, Canada, the US and Brazil.

Its services range from planning and inventory management to ‘just-in-time’ delivery to production lines, kitting solutions, total quality management and product testing.

Its customers are aero engine and aircraft manufacturers, systems suppliers and maintenance providers. Its client base includes Rolls-Royce, General Electric, Pratt and Whitney, Airbus, Boeing and BAE Systems.

Pattonair CEO Wayne Hollinshead said:

“We’re delighted to represent Derby in this year’s Top Track 250 index, on the back of a robust trading performance which saw us post strong figures.

"Our new strategy has increased the level of long-term agreements and repeat orders from ongoing customers, which has led to a sustained increase in our long-term order book.”

Now in its 21st year, the Top Track 250 is published annually by the Sunday Times. It ranks ‘mid-market’ ranks companies by sales taken from their latest available accounts.

Mid-market companies are defined as firms which employ between 50 and 5,000 staff and record total sales of between £110m and £700m, profits of up to £100m and a minimum annual revenue growth of five per cent.

Chris Frostwick, Partner at Grant Thornton UK LLP, title sponsor of the Top Track 250, said:

“Advances in robotics and artificial intelligence, the pervasive challenge of cybercrime, and the uncertain impacts of Brexit are among the significant issues facing Britain today.

“If we are to continue turning innovative ideas into businesses with international scale, we all need to play our part in shaping a vibrant economy that thrives. In this, the role of the mid-market is crucial.

“Resilient despite the headwinds, the Top Track 250 are innovating, winning business and adapting to generate value. There is much to learn from them.”

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