Wales Fast Growth 50

Over the last couple of years, we've been invited to participate in a University of Wales sponsored project to identify the fastest-growing companies in Wales.

Initially, to say that I was disinterested would be an understatement.  However, this time around we responded to the invitation and to our surprise found that 2020 Financial Services was shortlisted amongst the top fifty fastest-growing companies in Wales between 2005 and 2007.  I along with my co-director, and our wives, attended the Gala Awards evening on the 24th October, without any real expectation of winning a prize.

In that respect we were not disappointed - but we were astonished to discover that 2020 Financial Services was the 10th fastest-growing company in Wales from 2005-2007, out of 195,000 companies across the principality.

Now, growth in turnover, and the speed thereof, is only one indicator of success.  What is interesting for us, is that this has happened whilst our emphasis has been upon financial strength, and good internal controls.  Members of 2020 Financial Services will know that our focus has been on helping them to grow robust and profitable businesses, rather than on seeking to grow the membership.  One almost wonders what would have happened if we had focused on the latter.

Of course, next year the picture may be quite different.  In a market where financial-planning may be the ultimate discretionary purchase, at a time when businesses and individuals are reigning in their expenditure, only those companies which reposition their services will make a success of things.