Earlier this month Volex received the Company of the Year award as part of the Small Cap Awards 2020 ceremony, held annually in the UK.
These awards are an annual opportunity to recognise outstanding achievement focused on the smaller UK quoted companies (those with a sub £200m market capitalisation at the time of nomination). Since its founding in 2012 the small cap network has successfully enabled the small and micro-cap sector to meet, share updates and insights and foster new ideas and opportunities. The awards have always shone a light on the best companies and individuals in the community across 11 different categories.
Volex won the award because of its strong share price performance, profit improvement efforts, as well as completing a successful major acquisition in the past 12 months.
Commenting on the award, Nat Rothschild, Executive Chairman of Volex said, “We thank our major institutional shareholders for nominating us for this award but most of all we thank our employees in this very challenging period for everyone. Volex colleagues have gone above and beyond and we are truly grateful for their efforts supporting our customers globally.”