Multevo named in top 400 fastest growing companies in Europe

Multevo, a local multi-faceted business, ranked 398 out of 1,000 companies across Europe, whilst ranking 68th in the UK, and 61st in the Construction and Engineering category (Europe) in the Financial Times Europe’s Fastest Growing Companies.

The Financial Times and Statista work together to identify the fastest organically growing companies across Europe and it was through this process that Multevo stood out with an Absolute Growth Rate of 434.9 per cent.

They are a local success story, establishing back in 2010 above Hoddlesden Village Store with just four members of staff.

Fast forward to the present day, Multevo have more than 340 people working nationwide self-delivering services including highways, civil engineering, groundworks, arboriculture, traffic management, and plant and fleet maintenance.

Published by the Financial Times, the FT1000: Europe’s Fastest Growing Companies 2025, Multevo’s journey in the sector has been something quite remarkable.

The business generated €5,608,720 revenue in 2020 which increased to €30,967,467 in 2023.

The Financial Times and Statista said: “This study was conducted for the years between 2020-2023, which we know as the years in which we were all hugely affected by the Covid-19 pandemic and the associated lockdowns, uncertainty and turbulent economic conditions.

"To achieve such an impressive growth rate within this time frame is exemplary, and its an achievement which should not go unnoticed.”

During this same period, Multevo saw a 300 per cent growth in number of employees, diversified into new sectors, won industry awards, and launched several innovations.

Nick Carter, director at Multevo, said: “I am proud to announce that Multevo has been recognised as one of Europe’s fastest-growing companies by the Financial Times.

"Since our founding in 2010, our journey has been shaped by the needs of our customers, and by listening to them, we have achieved sustained, year-on-year growth. This recognition is a testament to our ability to adapt, innovate, and create long-term value for all our stakeholders.”

Josh Sweeney, director of marketing and growth, said: “We have bold and ambitious growth plans, but haven’t lost touch with our roots and remain an advocate for the local community, creating jobs for local people as well as working with many local businesses and charities to benefit Lancashire as a whole.

"We are long-standing patrons of Darwen Youth Zone, Darwen Football Club, and more recently became back-of-shirt sponsors of Blackburn Rovers Football Club too demonstrating our commitment to the region and keeping people active.

"This year, we have already welcomed five new apprentices into the team whilst also continually investing in our people for their own personal development across the company. With local site expansion now underway we are looking forward to keeping on this impressive trajectory.”