Paxton, the electronic IP access control and video door entry solutions specialist, has been identified as one of the London Stock Exchange Group’s ‘1,000 Companies to Inspire Europe’. The report is a celebration of high-growth and the most dynamic small and medium-sized businesses across Europe.
To be included in the list, companies need to show consistent revenue growth over a minimum of three years, significantly outperforming their country peers. This report demonstrates the critical importance of high-growth, private, small and medium-sized companies (SMEs) to future European economic growth, innovation and job creation.
This new follows on from Paxton’s inclusion in last years’ Financial Times Europe’s ‘1,000 Fastest-Growing Companies’ Report recognising 1,000 companies in Europe that have achieved the highest percentage growth in revenues between 2012 and 2015.
The ranking in both reports highlights the company’s growth in the local and global security market. Paxton also celebrated ranking 49th in the 2018 Sunday Times ‘100 Best Companies to Work For’, the annual survey run by the ‘Best Companies’ organisation. In the survey, 96% of employees said they believe they can make a valuable contribution to the success of the company.
Investment in training and education
Founded back in 1985, Paxton now employs over 300 people and operates mainly from its head office in Brighton, East Sussex, with several international sales offices. All products are manufactured locally at the Paxton factory in Eastbourne and exported to over 60 countries worldwide.
Paxton invests significantly in the training and education of its customers and is proud to offer free training to all installers globally to ensure its products are sold and installed with confidence. So far, 5,692 installers have been trained globally this year. Products are adapted to cater for the regional differences called for in the global market and have Paxton’s ethos of simplicity designed-in to ensure they’re easy to install, use and maintain. All purchases are backed by the company’s localised industry-leading technical support, a five-year guarantee and hassle-free returns policy.
Commenting on the news, Adam Stroud (Paxton’s CEO), told Risk Xtra: “We’re thrilled to once again be part of this prestigious list. It’s another milestone on our journey to become world-class in all that we do. Paxton aspires to provide innovative products, industry-leading customer support and high-quality and efficient manufacturing along with being one of the country’s best companies to work for. We’re taking full advantage of the opportunities provided by new technology to fulfil customer‘s requirements for secure, convenient and energy efficient buildings.”
Favourable business environment
Jyrki Katainen, the European Commission’s vice-president for jobs, growth, investment and competitiveness, added: “Thanks to dynamic and innovative, high-growth SMEs, employment has reached new record levels with almost 240 million people in work. We need to continue on that path and create a favourable business environment enabling cutting-edge innovators and solid manufacturing SMEs to grow and reach their full potential. Stock exchanges, such as the London Stock Exchange Group, are an essential part of the Capital Markets Union, helping those with ideas to meet their financers.”
Nikhil Rathi, CEO of the London Stock Exchange plc, observed: “The economic potential of Europe’s fastest-growing companies is clear in ‘1,000 Companies to Inspire Europe’. The report shows that high-growth SMEs are the innovators, job creators and drivers of economic growth. They have the potential to transform the European economy and give the next generation of young people the future they deserve. It’s vital that we give these companies, and companies like them, access to suitable growth finance. The London Stock Exchange Group is committed to supporting the job creators of tomorrow, increasing their access to long-term patient capital to fund their continued success.”
Being included in the London Stock Exchange report also marks one year since the Paxton Technology Centre opened. The 29,000 square foot building houses Paxton’s R&D operation along with an installer training suite.