The Wales Fast Growth 50 2023 awards was a celebration of the fifty fastest growing businesses in Wales that took place at the Utilita Arena in Cardiff on the 30th of November. This ceremony saw accolades awarded to the fastest growing firms in categories that ranged from Consumer Products, Financial Services, Recruitment, and Green, to name a few.

This year’s Fast Growth 50 has been a showcase of growth excellence, with Premier Forest Products as one of nine firms recognised for an effective change management strategy that transformed the operation of the business, and resulted in impressive growth. These awards are testament to the relentless pursuit of excellence, innovative strategies, and unwavering commitment to our customers.

Mark Goddard, Head of UK Regions at UBS Global Wealth Management said: 

“Business owners and entrepreneurs are the engine of our economy, and UBS has a long history advising and connecting them on each stage of their wealth journey, helping them to unlock their potential. 

Led by entrepreneurial spirit and often solving some of the UK’s biggest issues, the level of talent and innovation uncovered through this year’s list shows that more needs to be done to support small businesses to strengthen local economies and give back to the local community. As the lead sponsor of this year’s Fast Growth 50, UBS is looking forward to following and supporting these businesses as they go from strength to strength.”

Dylan Jones Evans, Founder of Fast Growth 50, said:

“After 25 years of the Wales Fast Growth 50, the performance of Premier Forest Products demonstrates that entrepreneurial businesses are still driving prosperity and growth across the nation whilst generating wealth and jobs in their local communities. Most important of all, their success stories will hopefully inspire others to follow a similar journey.

With fifty Welsh firms generating nearly £600 million of additional turnover and creating over 2,000 new jobs between 2020 and 2022, this year’s list demonstrates yet again how innovation, enterprise and sheer hard work can make a real difference in all sectors from construction to financial services to technology.”

The Wales Fast Growth 50, an annual event, identifies and celebrates the fastest-growing businesses across Wales. It offers a unique platform for companies to gain recognition for their achievements and contributes significantly to the regional economy. The winners are selected based on their percentage revenue growth over the last two years, showcasing their ability to scale rapidly and sustainably.

The win is a clear indication of our robust growth trajectory and significant contribution to the Welsh economy. We are delighted to receive this recognition in our 30^th year of trading and hope to serve as an inspiration to emerging businesses in Wales and beyond.

About the Wales Fast Growth 50:

The Wales Fast Growth 50 is a highly respected index that tracks and recognises the 50 fastest-growing businesses in Wales based on their turnover growth over a two-year period. The programme is more than just an awards platform; it builds communities to support, celebrate, and champion entrepreneurs at various stages of their journey.