Facilities and engineering services provider Pareto FM reports that its annual turnover has risen for the sixth consecutive year.
The year ending September 2020 shows a 15 per cent growth in turnover to £16.2 million.
The firm says that despite seven months of trading being hit by Covid-19, it has achieved 15 per cent organic growth at the end of its sixth year of trading and is on course to grow by another 25 per cent next year. This builds on the 55 per cent growth the company saw in the year ending September 2019.
The statement describes the past 12 months as a great success for the management team, who have maintained the growth momentum while keeping the ethos and culture established by managing director Andrew Hulbert at Pareto’s conception in 2014. Pareto FM was included in the Sunday Times Fast Track 100 in December.
Dedicated to organic growth across the UK, Pareto FM has recently won contracts with Hearst Magazines and Ravensbourne University London. Hulbert said: “There can be no hiding the fact this has been an incredibly challenging year for all service providers as we have all negotiated the turbulence of Covid-19. I am delighted to see Pareto continue to operate sustainably and continue its growth curve during this time. We have significantly improved our already strong financial metrics this year also which enables us to continue to build and achieve substantial growth.
“We are seeing major new opportunities in the sector for SMEs as the larger providers struggle to adapt to the changing clients' needs whilst we are perfectly set up to adapt.”