Name: Newspace Containers
Industry/sector: Manufacturing and engineering
Date founded: 2000
The boss: Ian Frazer-Holland
Location: South West
Latest turnover: 13.8m
Three-year compound growth rate (%): 39.82
Latest EBITDA: 2.1m
One of the most exciting business trends to emerge over the last few years is pop-up retail. Temporary shops and stalls have become the primary way for retail entrepreneurs to get their idea out on the street, and for established companies to trial new products.
In 2014, EE carried out a report with the CEBR looking into the rise of temporary retail, and found that it contributed 2.1bn to the UK economy. Even giants such as Amazon and Google made the headlines for expansion into the physical retail space with pop-ups and stores within stores.
With 29 per cent of Brits intending to set up a business over the next two years, and the demand for London office space on the increase, Newspace Containers surely has its work cut for it.
Newspace, which was established in 2000 and began as a modest business in manufacturing accommodation and storage facilities for local industries, is set to reap the benefits from this latest hype. In fact, it already has, which is why the Hot 100 newbie took the list by storm.
Over the past few years Newspace has not only grown in size but in reputation and today offers a range of site accommodation and storage units, such as toilets, offices and stalls, to clients throughout the UK.
The company operates from a six acre site in Lydney, Gloucestershire. Newspace offers steel Anti Vandal units.