Tharsus Group has been recognised in the seventh edition of London Stock Exchange Group’s 1000 Companies to Inspire Britain report. The report identifies the fastest-growing and most dynamic small and medium sized businesses (SMEs) across the UK. Strong growth across Tharsus and Universal Wolf accompanies development of personal motion system Bump, reducing the impact of local outbreaks and supporting the UK’s economic recovery.
Tharsus Group has been identified as one of London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ 2020. The report recognises the UK’s fastest-growing and most dynamic small and medium sized businesses (SMEs)*, highlighting the regional and sector diversity of the UK’s SMEs and the entrepreneurial spirit shown by these companies.
To be featured in the report, businesses had to demonstrate strong revenue growth over the last three years and outperform their sector peers, creating a unique list of the UK’s most innovative SMEs. Further details on the 1000 Companies to Inspire Britain report and methodology can be found online at www.1000companies.com.
Tharsus Group, headquartered in Blyth, Northumberland, comprises Tharsus Limited, a leading manufacturer of Strategic Machines, and Universal Wolf, a challenger in the complex sheet metal fabrication sector.
As well as the Group growing its core business throughout the pandemic, Tharsus Limited created Bump, a personal motion system designed to help people effectively social distance in the workplace and beyond, and to provide a track and trace functionality. Meanwhile Universal Wolf worked tirelessly to manufacture fast-assembly beds from a standing start, to be supplied to the Nightingale Hospitals.
Brian Palmer, CEO, Tharsus commented:
“Tharsus Group is proud to be included in the LSEG’s report alongside such prestigious company. Our inclusion serves as recognition of the role that innovative technology has played in supporting the UK economy this year, whether robotics or new solutions like our Bump social distancing device, as well as the Group’s dedication to investing in the North-East region.”
David Schwimmer, CEO, London Stock Exchange Group added:
“This report highlights the vital role of SMEs in driving economic growth, leading innovation and providing jobs across the UK. In this challenging year for businesses, it is more important than ever to shine a light on these stories of resilience and entrepreneurship. The success of UK SMEs is crucial as we rebuild a post COVID-19 economy, and London Stock Exchange Group is committed to helping growth companies achieve their potential.”
The Rt Hon John Glen MP, Economic Secretary to the Treasury:
“SMEs are the engine room of our economy. They have risen to the immense challenges of this year with resilience and ingenuity, and we are proud to support them with one of the most generous and comprehensive packages for businesses anywhere in the world. It is more important than ever that we champion the companies in this year’s 1000 Companies to Inspire Britain report and many others like them – they are creating jobs, spurring on our economic recovery, and building the industries of the future.”
A full searchable database of all of the companies along with a downloadable pdf of the publication can be found online at www.1000companies.com.