CEO of Stiltz Lifts, Mike Lord, has said that his company has so far defied Brexit uncertainty to become one of Britain’s fastest-growing SME exporters after international sales at the homelift manufacturer grew 86% to £11m last year.
While Lord said that the company is cautious of the impact of the UK’s EU departure, he said it has failed to stop Stiltz from making Europe a key part of its export strategy.
The manufacturer was listed in the fifth annual Sunday Times Lloyds SME Export Track 100 for a third successive year in 34th position. The SME Export Track ranks the top 100 small and medium-sized private companies with the fastest-growing international sales over the last two years.
Export sales grew from £6.2m in 2017 to £11.1m in 2018, accounting for more than half of its total £19m revenue.
Europe continues to be an important export market for Stiltz Homelifts with strong international sales in northern Europe, and new distributors have recently been set up in a number of Mediterranean countries.
The company has also driven further international expansion with partners now present in New Zealand, on the African continent, the Middle East and Far East.
Lord commented: “We are once again delighted to be ranked as one Britain’s fastest-growing SME exporters. Sales of our products increased in Europe again and we now have our sights set on Southern Europe with dedicated on-the-ground business development in that territory.
“Our total sales demonstrates a huge demand for our unique range of homelifts around the world as more and more people become aware of how our products can improve homeowners’ lives.
“At Stiltz, our aim is to ‘democratise’ homelifts by making them accessible to all and we will continue to explore other countries in order to extend our global reach further.”
Trade secretary Liam Fox said: “SMEs are fundamental to achieving our target of increasing exports as a percentage of GDP to 35%, so it is vital we give them the recognition they deserve.
“The exporters listed in this year’s SME Export Track 100 are pioneers whose example should be followed by ambitious businesses across the UK.”