The ECI Growth Survey is the only annual survey in the UK focused solely on high growth companies, polls business sentiment and analyses productivity gains. This year’s report shows that growth companies are achieving significant productivity gains (13.5% over the last year) by investing in people skills, technology and social media.
Mick Crosthwaite, Executive Chairman of HAS Technology Group is quoted in the CM2000 Case Study:
“Today, we work with more than 75 local authorities, logging 3 million visits each week. Over the years, the technology has evolved to include RFID (radio-frequency identification) tags, mobile apps and GPS, but the ethos remains the same: We help bring transparency to adult social care, which helps make local authorities more productive and cuts costs.”
CM2000’s developers are given three hours each week to spend on independent learning to help them come up with innovative ideas to drive the business forward. This helps boost productivity at CM2000, which now generates revenue of £15.5m a year.
“Our people spend every day thinking about the problems we are trying to solve in this industry.”
71% of growth companies are investing in new IT, rising to 95% in the North West, to speed up processes and increase efficiencies;
70% are training staff in new skills, rising to 77% in TMT companies, as they seek to boost employee output;
54% of companies are leveraging social media for marketing, sales and other processes. This isn’t limited to consumer companies (71% of firms) but also business services (48%) and financial services firms (42%);
Companies are also embracing automation in service delivery and warehousing to drive improvement.
ECI invest in management buyouts and buy ins for majority or minority equity investments in medium sized UK growth companies. For more than 40 years they have been investing across a range of sectors, gaining a wealth of experience in supporting high growth businesses with a current deal size of £20m to £150m. They believe in teamwork and collaboration, supporting ambitious management teams combining their knowledge and vision with their experience.
Working together to build successful businesses.