Sixth Year of Growth for Pareto FM
UK facilities and engineering services provider Pareto FM has reported a sixth consecutive increase in its annual turnover sixth consecutive year to to £16.2 million in the year ending September 2020.
The company’s annual accounts reveal organic growth of 15 per cent at the end of its sixth year of trading, with the company now projecting 25 per cent growth in 2022.
The achievement builds on the 55 per cent growth the company recorded in the year ending September 2019, even after reporting depressed trading conditions over a period of seven months as a result of the Covid-19 pandemic. In December 2020, Pareto was included in the Sunday Times Fast Track 100 listing of fast-expanding companies.
The past 12 months represent a success for the management team who have maintained the growth momentum all while keeping the ethos and culture established at Pareto’s conception by Andrew Hulbert (who remains its managing director) in 2014.
Pareto FM has also recently won contracts with Virgin Media, Postal Museum, Hearst Magazine and Ravensbourne University,
Hulbert comments: “There can be no hiding the fact this has been an incredibly challenging year for all service providers as we have all negotiated the turbulence of Covid-19. I am delighted to see Pareto continue to operate sustainably and continue its growth curve during this time.
“We have significantly improved our already strong financial metrics this year also which enables us to continue to build and achieve substantial growth.
“We are seeing major new opportunities in the sector for SME’s as the larger providers struggle to adapt to the changing clients’ needs whilst we are perfectly set up to adapt.
“We still absolutely love what we do and feel like we are just getting started. We continue to be ambitious in FY7 and look forward to continuing to transform the sector one contract at a time.”