Dunedin backed Blackrock Programme Management (‘Blackrock PM’), the professional services firm that provides independent expert witness and construction consulting services for large, international construction projects, has been ranked at number 44 in the 2nd annual Sunday Times Heathrow SME Export Track 100. This ranks Britain’s small and medium-sized (SME) companies with the fastest-growing international sales over the last two years http://www.fasttrack.co.uk/league-tables/sme-export-track-100/league-table/?leagueyear=2016.
The London based company, which employs 72 staff, has increased its revenues from £1 million to over £16 million between 2010 and 2015, of which almost £13 million was generated by international sales, representing average annual international sales growth of 71% over two years. In order to deliver this rapid growth, the business has also recruited heavily and has more than doubled the number of experts in the last 15 months.
UK mid market private equity firm, Dunedin, invested in Blackrock PM in March 2015 with the aim of supporting its international expansion plans. Since the investment, Blackrock PM has opened new offices in Dubai and is evaluating opportunities in Singapore and other international arbitration centres, capitalising on a global construction market that is valued at $8.5 trillion. Blackrock PM is currently advising on international construction disputes valued at over $6 billion and past projects include the Shard in London.
Giles Derry, Partner at Dunedin, said: “Blackrock PM is a fantastic example of a British business that is very successfully exporting its first rate professional service to overseas markets that are rich in potential. This was very much the goal behind our investment last year and it is a credit to the expert team at Blackrock that they have been recognised by this prestigious ranking. Many congratulations on that considerable achievement and on successfully increasing international sales by some 70% over just two years.”