Home Business NewsBusinessBusiness Growth News ParcelCompare breaks into top 500 of the FT 1,000 list of fastest-growing companies

ParcelCompare breaks into top 500 of the FT 1,000 list of fastest-growing companies

by David Jinks MILT
21st Mar 22 12:01 pm

The pioneering online parcel price comparison site ParcelCompare has entered the Financial Times’ FT 1000 list of Europe’s fastest-growing companies for the first time, breaking straight into the top 500 at 470.

The FT 1000, compiled with research company Statista, is a list of the top 1,000 companies in Europe that have achieved the highest percentage growth in revenues between 2017 and 2020. The full results are revealed in the Financial Times today (Monday 21 March, 2022).

ParcelCompare’s Head of Consumer Research, David Jinks M.I.L.T., says: ‘ParcelCompare has not only survived, but thrived, during a truly tough time for businesses across Europe. We are delighted to join this list of companies that have demonstrated exceptional growth in recent years.

‘ParcelCompare has grown rapidly as ever-more customers discover our smart comparison site, which seeks out the best price and transit time for their shipments from all the major international couriers. ParcelCompare’s growing popularity is reflected in our FT 1000 listing that reveals absolute growth of 337% and compound annual growth rate (CAGR) of 63.5% between 2017 and 2020.’

The Financial Times said,  ‘The companies that made the final cut were sufficiently resilient — and, in some cases, lucky — to survive a collapse in demand caused by coronavirus restrictions, trade frictions due to Brexit, and a long-running global supply chain squeeze. This show of strength, and a growing optimism in some quarters about the global economy, mean many business leaders are confident of better performance in the forthcoming year — despite the new risks posed by labour shortages, rising inflation, Russia’s invasion of Ukraine and soaring energy prices.’

David said, ‘The last few years were indeed challenging for tech-led companies. You only need to look at the fate of last year’s number 1 on this list, Bulb, to see how markets have been thrown into turmoil. Bulb, Britain’s seventh-biggest energy supplier, went into “special administration” in November, though it has now been supported by a Government loan.

‘During this time, ParcelCompare has played a vital role in ensuring people who were unable to see loved ones in person were still able to send them gifts, while retailers, forced to close their shops during lockdowns, were able to obtain competitive prices to boost their online delivery options. In the face of such challenges, we are particularly proud that our consistent turnover growth has resulted in ParcelCompare breaking into the FT 1000 list for the first time.

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