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NEWQUAY BASED OLTCO CELEBRATED IN ESTEEMED LEAGUE TABLE
Family-run Oltco, the UK’s leading sustainable resin bound driveway company, is celebrating after being named as one of the UK’s top franchise opportunities. From hundreds of entries across every sector, Newquay based Oltco has been ranked 91st overall in the prestigious Elite Franchise Top 100 (EF100) – a title it will hold for the duration of 2021.
The EF100, established in 2017 in association with HSBC, is the franchising list to watch. It recognises the sector’s brightest businesses and ranks them according to a broad range of criteria; from their financial performance and heritage, to their contribution to the community and the way they embrace innovation.
The franchise industry contributes over £17billion to the UK economy and more than 700,000 people are employed in franchising across the country. Despite a difficult economic climate, the last 12 months has seen franchise brands like Oltco survive and thrive thanks to their robust infrastructures and proven business models.
Brand Director of Elite Franchise, Scott English says: “We feel that Oltco has well and truly earned its place in the Elite Franchise Top 100 list. This definitive league table of the Top 100 Franchisors shows just what Britain has to offer. Each year, the ranking becomes more competitive and this year has been no exception for our panel of industry-leading judges.
“At EF100 we take into account entrants’ sales and growth figures as well as the training and support systems in place for their network of franchisees. This year, brands were also judged on any measures they initiated to survive the challenges of 2020, along with ambitions and growth targets for the next financial year. Achieving this position is a testament to all that Oltco has achieved – it has consistently demonstrated a gold-standard level of franchising.”
Oltco’s Co-Director, Johnny Pearce adds: “As a Cornwall-based business, we are so proud to have been recognised as one of the top 100 franchises in the UK and to be surrounded by some amazing companies and businesses. This is the first time we have entered and we couldn’t be more pleased with the results.”
Oltco’s Co-Director, Tom Stringer comments: “To be announced as one of the top 100 franchises in the UK is a huge achievement for us and one that tops off a difficult and trying year. As a business, we have learnt so much from the past year alone, we have had to adapt and change the way we work and ensure that all of our franchisees feel supported during these difficult times. Despite the difficult year, our franchise network has continued to keep growing, launching 16 new franchise areas since January 2020.”
The team at Oltco is proud to not only provide outstanding service and innovative products for its clients but now be named as an award-winning business opportunity for ambitious entrepreneurs too.
For more information about Oltco and how you can become part of its award-winning franchise network, visit www.oltco.co.uk.