Power Roll has been named as a one of UK’s 50 High Growth businesses in a report by the London Stock Exchange, MC2 and Beauhurst that shines a spotlight on some of the most ambitious businesses across the North. This comes as Power Roll continues to accelerate development of its market leading flexible solar film technology that has the potential to make an impact at a global scale.
The North is increasingly being recognised as a place where globally consequential businesses are being founded and grown. The Top 50 businesses employee over 14,500 people and have raised more than £1.3bn in the last year. New unicorn companies are emerging in the region. While at the same time, tech giants, including Microsoft, Amazon, and Google, are all investing in bases across the North.
Power Roll’s key achievements in the last 12 months include:
Delivering significant progress in further developing and commercialising our unique low cost and lightweight solar film.
Strengthening our team, including the appointment of Ross Nagle as Chief Operating Officer and developed several strategic commercial relationships with a view to scaling the production of our solar film globally.
Forming several important strategic partnerships to give Power Roll a global reach.
Directly aligning to the new UK Government’s clean power by 2030 target addressing the need for a ‘rooftop revolution’ with the production of energy using Power Roll’s film able to unlock the potential of 12 billion square meters of rooftops to generate low cost green energy as well as creating thousands of jobs globally.
Neil Spann, Chief Executive Officer for Power Roll responded to the launch: “The North of England is home to some of the UK’s brightest and most ambitious businesses, right here in County Durham, Power Roll has been innovating and bringing a globally significant solar breakthrough to market. Our heritage of being based on former coal heartland is combined with our fresh approach to product development sees us continue to foster the best talent within the region, and attract newcomers to our home, raise capital, and we are excited by the new partnerships we are forging globally. 2025 will be a transformational year for the business and we are proud to be leading a rooftop solar revolution from the North East.”
Bod Buckby, UK Primary Markets - Regional Head, London Stock Exchange Group, added: “The quality and diversity of companies in this High Growth 50 report highlights that the North has real power. Global fashion brands, pubs and bars, advanced manufacturing, carbon capture, trampolines, mini golf, biosurfactants and photonic chips – are all examples of the impressive companies showcased in the report.”
Liam Buckley, Director at MC2, also added: “Our inaugural High Growth 50 report highlights some of the most resilient businesses in the North. Not only does it shine a spotlight on those delivering impressive growth - it looks at companies that have created new jobs and raised external capital in what has been a period of uncertainty and change.
“It’s refreshing to see the community of businesses doesn't just hail from the northern hotspots of Manchester, Leeds or Liverpool. It highlights high-performing firms from all corners of the North, and reflects our region’s strengths in major industries like advanced manufacturing, health innovation and travel. I’d like to congratulate Power Roll for its inclusion in the list and look forward to building this community of high-growth businesses in the years to come.”
About the report
The report uncovers some of the brightest businesses across the North of the UK that have experienced significant growth over the last 12 months. It focuses on lower mid-market companies (with turnover between £10m and £150m) that have raised significant sums of capital, increased revenues or hired new staff.
The report was launched at the London Stock Exchange on 30 September 2024 with founders and CEOs from the 2024 High Growth 50 community.
Download a copy here: thisismc2.com/high-growth-50/
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