News

Sparrows ranked 60 in the Sunday Times Deloitte Buyout Track 100

Ranked among the top 100 UK private equity backed firms with fastest growing profits, Sparrows has jumped 15 places this year, up from 75 (in 2009) to 60 in 2010. The ranking takes into account the performance of the company based on the audited accounts of 2008, 2007 and 2006.

“This is an excellent achievement and it reflects the tremendous efforts and talent of our people,” comments Adrian Bannister, Chief Financial Officer.

“We have steadily achieved a healthy double digit annual growth in profit (EBITDA) between 2005 and 2008, mainly fuelled by acquisitions and international development. The unaudited results of 2009 also show growth, although to a lesser extent thanks to favourable market conditions in the Middle East and Asia Pacific. As to the 2010 outlook, we expect an equally solid performance.”

Sparrows has been shortlisted among the top 100 UK private equity backed firms, on the Sunday Times Deloitte Buyout Track 100, for three years consecutive.