The Plimsoll model assesses each company on both its commercial strength and financial strength, with the best trading partners getting this balance right.
Andrew Percival, Mayflex Managing Director comments, “We are always keen to benchmark our performance across all areas of our business. In this particular instance a third party has listed us within the top 50 of over 850 companies in our sector. We are delighted with this recognition, in the current economic climate we believe this sends a message of stability and financial strength to our customer and supply partners, which can only be good news. Customers can trade with us with confidence, we have been around for 90 plus years, and continue to offer high levels of stock availability and account management services.”
Percival continues, “The report also shows that the pace of sales growth achieved by Mayflex in the year ending March 2008 outstripped the market average ‘Our revenue in the period grew by over 30% to £62m, compared to the market average which is reported as around 5%. There is no doubt this financial year is tough, but overall we are in very good shape, and looking forward to further growth of revenue, product offerings, and customers. We would like to thank our staff for their commitment in helping us achieve this recognition, but none of it would be possible without the loyalty and support of our customers and suppliers, so appreciation also goes to them.”