Sussex Super Growth Success for PSI-Pay Ltd

Published by Tracy Morrison on 29 March 2019

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Business growth in Sussex was celebrated at the Sussex Super Growth Awards 2019, which saw Horsham based PSI-Pay Ltd take the top spot, with growth of 189.9% achieved.

The awards, which took place 14 March 2019, sponsored by Kreston Reeves, asb law, Lloyds Bank (media partner Platinum Publishing), celebrate the fastest privately growing companies across the region. A full list of the finalists can be viewed here.

Winners PSI-Pay is a technology-based payment solution for customers offering payment accounts and payment cards in many different countries and using a range of currencies. Following the appointment of a professional management team in 2014, the business went through a strategic overhaul, doubling its customer base and quadrupling turnover and profit, a trend which will continue with the introduction of innovative new products and services.

Runner-up with growth of 127.1% was 1st Central from Haywards Heath, a motor insurance broker within First Central Insurance & Technology. It is a top 10 supplier on price comparison websites and has successfully built a customer base of almost half a million.

Paul Roe, partner, comments: “We were once again extremely proud of our sponsorship of the Sussex Super Growth Awards and this year we have enjoyed meeting some new finalists as well as seeing the repeated success of previous finalists. Despite many businesses feeling hesitant about growth prospects due to Brexit uncertainty, our own research (Going for Growth Strategies to 2021) shows 60% of businesses in the region have experienced 25% or more growth over the past three years, a trend we hope to see more of.”

The Sussex Super Growth Awards are open to privately-owned businesses trading and registered in Sussex. Growth in turnover is measured over a 4-year accounting period and a minimum turnover of £2m in a base year.

Paul Roe concludes: ”There was once again a very diverse range of business sectors represented by finalists in the top 50 which shows that Sussex as a whole is a great place to do business from.”

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