Zuto named one of LSE Group’s 1000 Companies to Inspire Britain
Car finance specialist, Zuto, has been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain. The report is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses across the UK.
To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their industry peers.
Zuto offers a broker service to UK car buyers but differentiates itself from the rest of the market, by getting rid of the many pain points of the process, by offering buying support in both sourcing and checking the vehicle. In the last three years, it has grown its turnover to over £23 million and now employs over 350 staff across sites in Macclesfield and Manchester.
The news of being named in the 1000 Companies list comes at the same time the company secured further investment from Scottish Equity Partners to support future growth and development.
James Wilkinson CEO and Founder of Zuto said: “Life at Zuto is fast paced but we have a first class and passionate team of Zutonites, alongside invaluable support from leaders in the investment community.
“Our ambition is huge and we firmly believe that if we continue to focus on a customer’s experience, we can improve the car buying process and continue to build our market share.”
Xavier Rolet, Chief Executive, London Stock Exchange Group said: “Four years on, LSEG’s ‘1000 Companies to Inspire Britain’ report continues to highlight the dynamic, entrepreneurial and ambitious businesses across the country that are boosting UK productivity, driving economic growth and creating jobs. The strength and diversity of these companies is readily apparent with a broad mix of UK regions and sectors represented. These companies are the very heart of an ‘anti-fragile’ economy: more robust; more flexible and less prone to boom and bust. We must ensure we continue doing all we can to support high growth potential businesses like these.”
“London Stock Exchange Group is fully committed to supporting and implementing initiatives which improve access to and cut the cost of finance for growing companies. We welcome the Government’s focus on supporting SMEs as part of its Industrial Strategy and await the outcome of its review into long-term patient capital.”