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Plastics firm has the admiration formula

Victrex �90m new plant should be running by 2015.

Victrex �90m new plant should be running by 2015.

Fylde-based plastics manufacturer Victrex has been voted by its peer group as one of the most admired companies in the UK.

Britain’s Most Admired Companies, published in the December edition of Management Today, has revealed that Victrex is 15th on a list of 250, beating many FTSE 100 companies.

The list is compiled by experts in corporate reputation at Birmingham City University. Each major business within its sector is polled on a number of criteria.

These include quality of management, financial soundness, quality of goods and services, ability to attract, develop and retain top talent, value as a long term investment, capacity to innovate, quality of marketing, community and environmental responsibility and use of corporate assets.

Victrex scored 69.50, beating FTSE 100 companies such as Centrica and GlaxoSmithKline. The company employs around 700 people across the world including Japan, the US, Germany and Korea, with is headquarters in Thornton.

It serves markets including cars, aerospace, electronics, medical and oil and gas, with sales for 2013 reaching £221m.

A total of 97 per cent of its products are exported.

Andrew Hanson, spokesperson for Victrex, said: “Victrex is a small but perfectly formed company, with global scale, a strong financial position, and a solid track record of investment and job creation at Thornton Cleveleys over 20 years.

“We’re continuing to invest and put the building blocks in place to support our growth into the future, so to be recognised as a leading UK company, ahead of many bigger names, is a real testament to all our employees.”

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