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Vegware is the UK’s 75th fastest growing private company, in Sunday Times Fast Track ranking

Posted: 8th December 2020

Scottish compostable packaging firm is 75th fastest growing company in the UK

Vegware, the global plant-based disposables specialist, has ranked 75th in this year’s Sunday Times Virgin Atlantic Fast Track 100 list of Britain’s private companies with the fastest-growing sales, and just fourth among the Scottish firms. Reporting 43% growth from 2019 to 2020, the manufacturer of compostable cups, tableware and takeaway packaging features in growth rankings for the second time in 2020.

Vegware also has the fastest growing international sales, topping all Scottish companies in the 2020 Sunday Times International Track 200, ranking 37th fastest in the UK. From its Edinburgh HQ, Vegware has seen clients across the globe choosing its bio-based and compostable foodservice packaging solutions. It has clients in over 70 countries around the world, with distribution throughout Europe, the Middle East, South America, and the Caribbean, and operational bases in the UK, USA, Hong Kong and Australia.

Its impact on packaging end-of-life solutions is also growing. Now, trade composting collections are available for Vegware packaging in 55 of the UK’s largest towns and cities, covering 72% of the UK’s urban population.

“Growing sales to over £42.5m in 2020 from £30.8m in 2019 is a fantastic result which validates our mission and reflects the global appetite for high quality foodservice packaging which drives a sustainability agenda as well as offering hygiene,” commented Vegware founder and CEO Joe Frankel.

“2020 has been a testing year for everyone, and we have been endlessly impressed by the creativity and resilience shown by our friends in foodservice. We’re pleased that our products have played a part in allowing many food businesses to keep on serving. We’d like to say a huge thank you to all our clients, to our raw material suppliers, and to our bank, Santander, for their support through a challenging period.”

This year’s Fast Track special Covid-19 edition also highlights the contribution that private companies have made to the UK during the pandemic.

 

Business Comment

Business Comment is the Edinburgh Chamber of Commerce’s bi-monthly magazine. It provides insight on Edinburgh’s vibrant business community, with features on the city’s key sectors, interviews with leading figures and news on new business developments in the capital.
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