A UK domestic lift supplier saw its international sales grow by 161% last year to more than £6m, which accounted for around half of its total revenue.
The substantial increase has seen Stiltz Lifts listed in 10th place in the annual Sunday Times Lloyds SME Export Track 100, which ranks the UK’s fastest-growing SME exporters.
This is the second consecutive year Stiltz has appeared in the report, which was published on the weekend and ranks small and medium-sized (SME) enterprises with the fastest-growing international sales over the past two years.
Kingswinford-based Stiltz Lifts has installed its home lifts in more than 20 countries and was also the highest-ranked business in the Midlands region for the second year in a row.
The company, which employs around 140 staff, recorded total sales of £12.5m in 2017 and it was ranked as seventh overall in 2016.
The research was carried out by Fast Track, which has published league tables of top-performing private companies with The Sunday Times for the last 20 years.
Stiltz Lifts has experienced strong growth since it was founded in 2010 and has approved distributors in the USA, Canada, Germany, France, Belgium, Netherlands, Belgium, Ireland and India. The company introduced a luxury domestic lift brand, Lifton, in 2016 and launched two new products to the Stiltz range, the Stiltz Duo+ Home Lift and Stiltz Trio+ Home Lift last summer.
Chairman Mike Lord said the company has worked hard to “reinvent the domestic lift market” with its equipment”.
“At Stiltz, our mission statement is we aim to ‘democratise’ home lifts which means make them accessible to all. Over time, we want homeowners to be able to put Stiltz lifts in their homes as naturally as they would purchase a freezer or washing machine.”
Gareth Oakley, managing director SME banking at Lloyds Banking Group, the title sponsor, said: “For businesses that take the leap to trade overseas, the rewards can be significant – the strong growth achieved by this year’s SME Export Track 100 is proof of that.”