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Sixth year of consecutive growth for Pareto FM

Pareto FM has reported its annual turnover has risen for the sixth consecutive year despite seven months of trading being impacted by Covid-19.

Figures published for the year ending September 2020 show a 15 per cent growth in turnover to £16.2 million, with the facilities and engineering services provider on course to grow by a further 25 per cent next year.

This achievement builds on the 55 per cent growth the company accomplished the previous year ending September 2019.

According to the business, the past 12 months have been a great success for the management team, who have maintained the growth momentum all while keeping the ethos and culture established at Pareto’s conception back in 2014. This has all culminated in Pareto FM being recognised on the Sunday Times Fast Track 100 in December 2020.

Andrew Hulbert, founder and MD, said: “There can be no hiding the fact this has been an incredibly challenging year for all service providers as we have all negotiated the turbulence of Covid-19. I am delighted to see Pareto continue to operate sustainably and continue its growth curve during this time. We have significantly improved our already strong financial metrics this year also which enables us to continue to build and achieve substantial growth.

“We are seeing major new opportunities in the sector for SME’s as the larger providers struggle to adapt to the changing clients needs whilst we are perfectly set up to adapt.

“We still absolutely love what we do and feel like we are just getting started. We continue to be ambitious in FY7 and look forward to continuing to transform the sector one contract at a time.”

Pareto FM recently secured contracts with Virgin Media, Postal Museum, Hearst Magazine and Ravensbourne University.

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