Laser Wire Solutions wins the Fast Growth 50 award for fastest growing engineering and manufacturing company in Wales and comes third overall.
Laser Wire Solutions attributes its rapid growth (520.6% increase in turnover from 2014 to 2016) to 3 key factors:
- Innovation - ability to create advanced technological solutions founded on an in-depth understanding of laser physics and industrial processes.
- Partnership – ability to listen to and work collaboratively with key customers and suppliers to design and adapt solutions to meet specific applications.
- Responsiveness – ability to respond quickly to customers, with the desired information and systems at the right price.
The Wales Fast Growth 50 Awards has been identifying the fastest growing companies in Wales since 1999. Compiled by Professor Dylan-Jones and sponsored by Barclays Bank, the Wales Fast Growth 50 is a key benchmark for the performance of the Welsh private business sector and is testimony to the impressive entrepreneurial potential that exists in Wales.
This year there were a record number of applications, which reveals how much businesses in Wales recognise the importance of these awards in terms of the prestige and recognition they confer on the short-listed candidates and winners.
Since 1999, 577 firms that have appeared on the lists and have created over 38,000 jobs and generated an estimated £20 billion of additional turnover annually, much of which is spent in their local area.
This year the Gala Dinner and Awards Ceremony took place on Friday, 20th October at the Mercure Holland House Hotel in Cardiff and was hosted by Welsh TV presenter Sian Lloyd.
Paul Taylor, founder of Laser Wire Solutions, upon receiving news of the award said “It was a pleasant surprise to win the award (for fastest growing manufacturing company) - it is a real testament to the hard work of the entire team."
With 2017 showing signs of being the company's best year yet, Laser Wire Solutions are quietly confident of being on the shortlist to receive another award at next year's Fast Growth 50 Awards event.