Private maritime security company Protection Vessels International (PVI), part of Protection Group International (PGI), has been recognised by the Sunday Times Virgin Fast Track 100 as the fifth fastest growing private UK company based on sales growth over the past three years.
To meet league table criteria, companies’ annualised sales must exceed £250,000 in the base year and not show a drop from the penultimate to the latest year, where total sales had to exceed £5m. Firms had to have 10 or more employees, be making an operating profit of at least £500,000 in their latest available accounts, and be forecasting further sales growth.
PVI employs over 180 staff at its key sites in Devon, Bedfordshire and London, and contracts over 500 highly-trained private maritime security operatives, predominantly protecting ships transiting the Gulf of Aden and the Indian Ocean.
Employing only former Royal Marines with a minimum five years’ experience and insisting on the deployment of four-man teams, PVI has pioneered the private maritime security market since its inception in 2008. By continuously setting the benchmark for the highest standards of professionalism, the company has earned widespread recognition.
Sir Tim McClement, Chairman of PGI, said: “In a young but slowly maturing marketplace, PVI unerringly subscribes to the highest levels of professionalism and consistently sets the benchmark in terms of standards. Recognition from the Sunday Times Virgin Fast Track 100 strengthens our belief that this approach is fundamental to our success and the associated growth of the company.
“Ultimately, our customers understand the value of these standards in safeguarding their people, assets and reputation. And that is why our company is devoted to providing genuine world class expertise on corporate intelligence and risk analysis, maritime security, cyber security and forensics, training and consultancy.”
In addition, in July of this year, PVI was also recognised by the Sunday Times International Track 200 as the 3rd fastest growing UK company based on its international sales. Today, PGI CEO, Barry Roche is number 36 in the Lloyd’s List Top 100.
PVI is part of Protection Group International (PGI), a risk management company that is centred on intelligence-led integrated risk mitigation and response solutions in complex environments.