15 May 2018 Omar; One of London Stock Exchange Group’s 1,000 Companies to Inspire Britain
Omar Group is delighted to announce they have been recognised as one of the London Stock Exchange Group’s 1,000 Companies to Inspire Britain 2018 for the third consecutive year. The report is a celebration of the fastest-growing and most dynamic small and medium sized businesses across the UK.
To be included in the report, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their industry peers. More detail on the methodology can be found in the 1000 Companies report.
As a market leading, solutions provider, designer and manufacturer to the residential park home and lodge park marketplace, Omar Group has built up its brand portfolio over recent years, and the group now encompasses five distinct and respected brands: Omar Park & Leisure Homes, Wessex Unique Lodges & Park Homes, Omar Park Development Services (OPDS), Boutique Lodges, Holidays by Omar and Omar Refurbishment Services.
The Omar team has worked tirelessly over the years, focusing on delivering best-in-class products and best-in-class customer service. Group sales have more than trebled, taking the group from a £10m business in 2010, to a business with turnover in excess of £49m in 2017/18. The business currently employs around 450 staff, an impressive increase of over 300 full time jobs since May 2011. Alongside this, a successful apprenticeship programme has been developed which is enabling a growing number of young people to enter the industry and learn a trade.
Due to demand for the group’s luxury lodges and park homes, in 2015 Omar invested in its manufacturing capability by opening a new satellite manufacturing facility in Hull. 2017 saw further significant investment with a 40,000 sq. ft. factory extension to the group’s 13½-acre production facility at its headquarters in Brandon, Suffolk.
In 2017 Omar Group announced significant investment in the business from Rutland Partners, a London-based private equity firm. The investment is being used to fund further expansion in the growing park home and lodge sector.
With production at full capacity, and demand still growing, 2018 sees the Hull production facility moving to a new 122,000 sq. ft. premises in the summer. This new facility will enable the group to fulfil their ambitious growth strategy and will see staff numbers employed in Hull increase from 50 to 170.
In recognition of their exceptional growth, in both 2017 and 2018, Omar Group was named in two additional prestigious reports: the Financial Times, FT 1000, a special report on the fastest growing companies in Europe, and The Sunday Times BDO Profit Track 100, a league table which ranks Britain’s private companies with the fastest-growing profits. Prior to this, in 2017, Omar Group was also included in another report by the London Stock Exchange Group; 1,000 Companies to Inspire Europe, a report which listed the 1000 most dynamic and fastest-growing small and medium-sized companies in Europe.
Dean Westmoreland, Omar Group Chairman & Chief Executive commented: “We are incredibly proud of what we’ve achieved as a team here at Omar. To have been recognised for the third year running by the London Stock Exchange Group as one of an elite band of SME’s that gives inspiration to the nation is a real honour and testimony to the hard work and dedication of our 450 strong workforce.”
Nikhil Rathi, CEO, London Stock Exchange Plc commented: “We warmly congratulate all of the companies identified in this year’s ‘1000 Companies to Inspire Britain’ report. Five years on, the report continues to demonstrate the strength and diversity of British businesses across the country. These dynamic companies are the backbone of our economy, playing an important role in the UK’s ability to innovate, export and grow. This report is a significant part of London Stock Exchange Group’s broader campaign to support UK high growth companies. We are committed to championing British businesses and Britain’s dynamic entrepreneurial spirit.”