London, February 17th – QBS Distribution the leading software delivery platform across Europe, announced today they have been named at number 63 in the annual Sunday Times HSBC International Track 200 showing significant annual compound growth.
The average international sales growth for the 200 companies was 64% a year, to a total of £10.3bn on combined total sales of £22.1bn. Together they employ 124,000 staff, having added 38,000 employees to their workforce over the period.
QBS has been trading for over 33 years with 6 offices and 75 employees specialising in software. The group has revenues in excess of 80 million pounds and partners with 4000 resellers to deliver software on behalf of over 9000 valued publishers across Europe.
Dave Stevinson, QBS Distribution Managing Director commented “It is wonderful to be independently recognised for our international growth by The Sunday Times International Track committee. Developing our geographical footprint and growing the number of international resellers that interact through our platform is core to our growth.”
Dave continued “Since the list has been calculated we have acquired two overseas companies in France & Lithuania, set up an office in Cork and have ambitious plans to further increase our geographic footprint in 2020.”
Amanda Murphy, Head of Commercial Banking, HSBC UK, commented “The Sunday Times International Track 200 shows the strength, ambition and resilience of companies across the UK and we are delighted to be sponsoring again this year. At HSBC UK, we take great pride in recognising the contribution these businesses are making to driving growth across the UK. The companies featured are making a significant contribution to employment, driving prosperity and growth and are the sort of businesses we are pleased to support every day.”
About the Sunday Times HSBC International Track
Fast Track has published league tables of the UK’s top-performing private companies with The Sunday Times for the past 23 years. The company was founded and is run by Dr Hamish Stevenson, who also holds an associate fellowship at Green Templeton College, Oxford University.
To be recognised in the league table companies have to be registered in the UK and be independent, unquoted and ultimate holding companies. They are ranked according to the compound annual growth rate (CAGR) of their international sales over their latest two financial years. Total sales had to be between £25m and £1bn, and international sales at least £1m in the latest financial year.
See website for full qualification criteria: www.fasttrack.co.uk