Fractory featured among FT's fastest-growing companies in Europe - PES Media

21 Mar 2023

On March 20th, 2023 at 10:07 AM, there was a post published under the section of "News".

Fractory, a manufacturing company based in Manchester, has secured the 32nd position on the most recent Financial Times list of the top 1,000 fastest-growing businesses in Europe.

The FT has released its seventh yearly ranking of Europe's most swiftly expanding companies, highlighting businesses that have achieved rapid, natural, and sustainable development. The list was produced in association with Statista, who are specialists in market data.

Fractory is an industry leader in the manufacturing sector, exhibiting remarkable growth and placing third among Europe's fastest growing companies. What's more, the company has achieved the distinction of being the fastest growing firm in the UK.

In addition, Fractory holds the top position among the businesses located in the North West on the list.

Fractory is a popular startup company in Estonia that has seen significant growth. It was established in 2017 and currently operates in Estonia's two biggest cities, Tallinn and Tartu. Additionally, it also has offices in Turku, Finland.

In 2019, Fractory established its Manchester center of operations at the Bonded Warehouse within Enterprise City. A team of 20 skilled British engineers runs the facility and is responsible for supervising significant undertakings, ensuring top-notch standards, and managing logistics for the numerous firms that rely on Fractory for their manufacturing procurement services.

Martin Vares, the CEO and co-founder of Fractory, expressed his delight at the company's fast growth and the recognition it's receiving. He believes their Manchester base has played a significant role in their success, considering the city's reputation as a manufacturing and entrepreneurship hub. It's the perfect location for Fractory to thrive as a steadily expanding business in their sector.

Martin, a member of the industry advisory board at Manchester Metropolitan University, talked about this year's FT ranking, which covers the period of 2018 to 2021, including the globally impacting COVID-19 crisis. During this time, Fractory was able to rise to prominence due to the existing supply chain's vulnerabilities being exposed. Fortunately, our large network of suppliers allowed us to offer a solution. Even after the pandemic's impact, Fractory continues to experience growth, which is crucial for our continued success.

Fractory is a digital forum that links engineers with manufacturers for efficient production. The procurement process is automated, and engineers can easily upload their design files to receive immediate quotes and delivery times. The responsibility of the order is held by Fractory from start to finish. Fractory offers a host of services including project and prototyping manufacturing, in addition to mass production.

Fractory is included in the rankings after providing fully audited accounts for review. Their revenue growth from the previous three years up to 2021 was taken into consideration, as their income skyrocketed from under €250,000 to over €6,500,000. Calculations show that their annual growth rate over that period was an impressive 209.4%.

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The manufacturing sector in the UK is experiencing growth in the first three months of the year due to improvements in domestic and worldwide market conditions. This positive trend is relieving concerns about a severe recession affecting the industry in 2021.

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Fractory Makes It to FT's List of Fastest-Growing European Companies

Manchester-based manufacturing company Fractory has secured the 32nd position in the most recent classification by the Financial Times, listing the 1,000 fastest-growing businesses in Europe.

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