Omar named as one of London Stock Exchange Group’s 1,000 Companies to Inspire Europe 2017
Further to being announced, once again, as one of the London Stock Exchange Group’s, 1,000 Companies to Inspire Britain earlier this year, Omar is delighted to announce that for the second consecutive year, they have also been selected as one of 1,000 Companies to Inspire Europe. This landmark publication produced by the London Stock Exchange Group, lists the 1000 most dynamic and fastest-growing SMEs in Europe; only 170 British businesses have received this honour.
To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their country peers. As well as identifying 1,000 high performing companies, the annual report also examines in detail the opportunities and challenges facing SMEs and looks at the sectors and trends that will shape the future of the British and European economies. The full report and further detail on the methodology can be found in the book 1000 Companies to inspire Europe and online at www.1000Companies.com; the report officially launched in Brussels on 5th September 2017.
As a market leading, solutions provider, designer and manufacturer to the residential park home and lodge park marketplace, Omar Group has built up its brand portfolio over recent years, and the group now encompasses five distinct and respected brands: Omar Park & Leisure Homes, Wessex Unique Lodges & Park Homes, Omar Refurbishment Services, Omar Park Development Services (OPDS) and Boutique Lodges, Holidays by Omar.
The team at Omar have worked tirelessly over recent years to more than treble their sales, taking the group from a £10m business in 2010, to a business with turnover in excess of £39m in 2016/17.
The business currently employs 410 staff, an impressive increase of 272 full time jobs since May 2011. Alongside this, a successful apprenticeship programme has been developed which is enabling a growing number of young people to enter the industry and learn a trade.
Due to demand for the group’s luxury lodges and park homes, in 2015 Omar invested in its manufacturing capability by opening a new satellite manufacturing facility in Hull. 2016 saw further significant investment with a 40,000 sq ft. factory extension to the group’s 13½-acre production facility at its headquarters in Brandon, Suffolk.
2015 also saw the launch of Boutique Lodges, Holidays by Omar (Omar Franchising Limited), a unique franchise opportunity for landowners to create their own holiday lodge park following tried and tested methodology.
In 2017, to further support the park home and luxury lodge marketplace, and in recognition of a growing need for reputable, specialist, park home and lodge renovation services, Omar Refurbishment Services was launched.
Earlier this year Omar Group also announced significant investment in the business from Rutland Partners, a London-based private equity firm. The investment will be used to fund further expansion in the growing park home and lodge sector.
Omar Group Chairman & Chief Executive, Dean Westmoreland commented: “We were very proud to once again be named by the London Stock Exchange Group as one of an elite band of SMEs that gives inspiration to the nation and Europe; to then go on to be included in a list of companies to inspire Europe, and for a second year running, is a greater honour still. To be included in such a prestigious report is an enormous achievement and testimony to the hard work of the 410 dedicated members of staff here at Omar.”