Chepstow-based Reid Lifting, a designer and manufacturer of lightweight gantry and davit systems, has made it onto Sunday Times WorldFirst SME Export Track 100 for the first time.

The company, based at Newhouse Industrial Estate, came in at number 98 in the fifth annual Sunday Times WorldFirst SME Export Track 100.

The league table ranks Britain’s private SMEs with the fastest-growing international sales.

Reid has reported export sales growth to £3.6m last year as it maximised revenue from European and other global markets.

With international expansion at the forefront of further growth plans, Reid has earmarked a number of regions that represent potential, including the US, Canada and South America.

Simon Luke, managing director at Reid Lifting, said: “Inclusion on such a prestigious list of companies is testament to the success we have had in penetrating certain global markets.

"It also whets our appetite for further expansion as we build on a sustained period of exporting excellence. Recognition on our own shores for our achievements globally is extremely humbling and we are proud to be keeping such esteemed company in fellow winners from Wales and around Britain.”

Reid Lifting representatives will be invited to attend a celebratory awards dinner in September at The London Hilton Bankside. The SME Export Track 100 is compiled by Fast Track, the Oxford-based research and networking events firm. Fast Track has published league tables of the UK’s top-performing private companies with The Sunday Times for the past 22 years.

Liam Fox, Secretary of State for International Trade, said: “SMEs are fundamental to achieving our target of increasing exports as a percentage of GDP to 35 per cent, so it is vital we give them the recognition they deserve. The exporters listed are pioneers whose example should be followed by ambitious businesses across the UK.”

In March 2019, Reid was acquired by Pure Lifting, a holding company formed to create a global portfolio of innovative, portable equipment businesses.