Hyperion ranked as one of UK’s fastest growing companies

by David Masters

Story link: Hyperion ranked as one of UK’s fastest growing companies

Having recorded 27% year on year growth in profits, from £5.2 million in 2005 to £8.3 million in 2007, the Hyperion Insurance Group has been hailed as one of the UK’s best private equity backed companies.

The insurance group was ranked 90th in the Sunday Times Deloitte Buyout Track 100 league table, and was one of just four financial services companies to achieve a ranking in the table. They are also the only insurance group to be included in the table in consecutive years.

David Howden, cheif executive of Hyperion, said of the ranking: “Our success reflects the strength of the structure we put in place ten years ago when we restructured the Group, creating separate broking and underwriting arms – a strategy that has seen us retain a position in this benchmark league table.

“Through operating distinct business platforms, maintaining our focus on business critical insurances, employing the best people and expanding our global footprint, we have continually outperformed our competitors. While others review their strategy simply to compete, we are moving up a gear and are embarking on a new stage of growth.”

Brian Marsh, the executive chairman of the group’s primary stakeholder, BP Marsh & Partners PLC, added that: “Having invested in Hyperion fourteen years ago as effectively a start-up business, we are delighted with the Group’s continued success, and offer our congratulations on this achievement.”

Hyperion has grown to running over 48 operations in 16 countries, and employs over 500 people worldwide.

The Sunday Times Deloitte Buyout Track 100 league table ranks the top 100 private equity backed mid market companies with the fastest growing profits for the previous two years. Ranking includes an analysis of the actual profit performance of the companies, rather than just the buyout deals alone. The 100 companies in the league table have total combined profts of £1.4 billion, and employ 86,175 people.