ReactFast celebrates its 5th Anniversary

ReactFast, purchased by Kevin Lewis, Mick Fitzgerald and Richard Pougher from GE in 2001, have grown to become one of the UK’s largest one-stop emergency maintenance providers. They offer their customers a 24hour/365 day service and have attended over 135,000 same day domestic repairs in the last year.

2005 has been an outstanding year for ReactFast. Not only have we increased staff numbers by 20% during the past year, and created 40 new positions within the company, we have exceeded all budgeted targets.

Our achievements for 2005 include being announced as a runner up in the Birmingham Chamber of Commerce ‘Business of the Year Awards’ and we recently joined the highly prized ranks of the Sunday Times “Virgin Atlantic” Fast Track 100 list for 2005. Compiled by Fast Track (an independent research company that tracks more than one million of Britain's top-performing private companies and entrepreneurs) the Fast Track 100 list is a roll call of the UK’s fastest growing privately owned companies by turnover formally measured across a three year period. This years list included household names such as Gordon Ramsey and Jimmy Choo.

Early on in the year saw the introduction of ReactFast plumbing franchises. We now have a total of 35 fully trained franchisees on the road (we budgeted to sell 20 in year one), turning over an average of £2,000 each week and with several already employing additional engineers and buying second territories. At present, we have a further 6 franchisees in training at our purpose built training centre at ReactFast’s head office in Birmingham city centre.

We will be opening a brand new training establishment in Birmingham later this year. In its first year we will provide a minimum of 150 course in the plumbing, gas, security and electrical trades.

In the first year of trading ReactFast revenues were £3.2m. In 2006, our sixth year, we expect group turnover to reach £18m. Our plans for the forthcoming year are bigger than ever. As always we will be expanding our national directory advertising campaigns, rising to a £2.5m annual spend. But we’re also keen to develop substantial business-to-business relationships. We are already managing 100 jobs a week for B&Q and negotiations have begun with a number of insurance companies and other prospects.

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