Online finance broker Zuto has been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain.
Featuring in the report for the first time, the online finance specialist has been included among the UK’s fastest-growing and most dynamic small and medium sized businesses.
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 claims to get rid of the many pain points of the finance process by offering buying support in both sourcing and checking the vehicle and has grown its turnover to over £23 million in the space of just three years, now employing 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.
Zuto’s chief executive and founder, James Wilkinson, 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 of the 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.”