This weekend marked a new milestone for Northern Irish refrigeration and catering equipment rental specialist, Lowe Rental. The Sunday Times’s Profit Track 100 ranked Lowe Rental in the top 50 fastest growing businesses in the UK. Rankings are based on a number of criteria, with the main focus being profit growth.
Lowe’s profits grew by an average of 75% to £4.4m in 2018, boosted by expansion into locations including Dubai, Las Vegas and Shanghai and significant innovation throughout their product offering and markets. Growth is set to continue with EBITDA for FY19 forecasted to hit c.£9m.
Rodney Lowry, Lowe Rental Group CEO commented: “There are no secret recipes to success but there are a number of key ingredients; innovation across the business, delivering unrivalled flexibility in our service when it comes to supporting our customer’s goals, and above all, exceptional people.”
These elements have helped us deliver what is the company’s most successful period in its 42-year history. The senior management team have worked incredibly hard and our placement in The Sunday Times Fast Track 100 is recognition of this. I’m inspired by all that we have achieved so far and excited to see what the future has in store.”
Further information on Fast Track 100 here.