An online sports equipment retailer has been named the second fastest growing business in Wales by the definitive UK-wide ranking of companies with the best sales growth.
Net World Sports, which is based in Wrexham, North Wales, has stormed straight into 45th place in the latest annual Sunday Times Virgin Fast Track 100 league table, which ranks Britain’s privately-owned businesses with the fastest-growing sales over a three-year period.
Founded in 2009, the online retailer, one of only three businesses based in Wales to make the final cut, has seen its annual sales grow by an average of 70 per cent over the past three qualifying years to a staggering 2016 total of £11.9 million. Judges were particularly impressed with the firm’s continued export success, with more than a half of Net World Sports’ sales coming from overseas markets.
Now employing a team of 62 at its 50,000 square foot warehouse and office complex, this latest accolade for Net World Sports comes hot on the heels of being a finalist in the Small to Medium Sized Business of the Year category at the prestigious Lloyds Bank National Business Awards 2016 last month.
Amongst its comprehensive range of sports equipment, the company sells more than 100,000 football goals every year, the vast majority its own brand FORZA goals which are manufactured in-house.
Alex Lovén, managing director of Net World Sports, said: “While Net World Sports always aims to be top of the league, to be recognised as the 45th fastest growing business in the UK, and the second fastest here in Wales, is a remarkable achievement.
“It is justified reward for our fantastic team’s hard work and continued commitment to excellence, whether that’s by stocking the very best products, always offering them at the best possible prices, and ensuring customers receive the very best experience with us to round it all off.”
The first Fast Track 100 list was published in 1997 and the ranking has since become the definitive run-down of the UK’s fastest growing firms. Appearing alongside Net World Sports in the 2016 league table were household names such as brewer BrewDog and fashion retailer Missguided, with Gymshark taking the coveted number one position.
The league table is sponsored by Virgin, Barclays, BDO, BGF and Virgin Media Business, and is compiled by Fast Track, the Oxford-based research and networking events firm.
