Letchworth's Redwood Bank named No. 1 high-growth company 

A specialist business bank has been placed number one in a list of the top 50 high-growth companies, just five years after launching. 

Redwood Bank has topped the Singer Growth Economy Top 50 in a report published by leading investment bank Singer Capital Markets in partnership with data platform Beauhurst. 

The report says: "The Singer Growth Economy highlights opportunities across four overarching themes: health and wellbeing of the population, transition to a sustainable economy,  innovation and emerging technologies, and geopolitics and demographics.

"Within these themes, we have identified what we believe to be the most powerful growth drivers shaping the future of our economy, playing out not over months or even years, but over decades." 

Redwood Bank, which has offices in Letchworth, Hertfordshire, and Warrington, Cheshire, this year recorded its first profits. 

Julian Hynd, Chief Commercial Officer, said: "Within Redwood Bank, we know how far we have come in a relatively short time, so to see us come out on top when compared with other ambitious companies is a massive endorsement for our customers and all our teams. 

"It demonstrates to everyone in the industry what we already knew – that we have big aspirations and are committed to grow in the coming years." 

Redwood Bank famously continued with a 'business-as-usual' attitude throughout the pandemic and guaranteed survival for a number of its customers. We genuinely care about our customers and in these challenging times, says the Letchworth=based bank, adding that it's never been more important to show support for businesses who are finding things difficult: We work hard to provide the right products at the right time and we will continue to do so, they add.  

Steve Pearce, CEO of Singer Capital Markets, said in the report: "Our list of the top 50 companies spans across a wide variety of sectors. With an impressive mean turnover of £39.1m (based on those filing full accounts) and a mean employee count of 197, these business champions look set to dominate in their respective fields over the coming months and years to come." 

For further information, visit www.redwoodbank.co.uk.  

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Julian Hynd, Chief Commercial Officer