PR | MV Named as Scottish Top 100 Company
MV Commercial is proud to announce its inclusion in the prestigious Scotland Limited 2024 list, ranking at number 60 among Scotland’s leading private companies. This well-respected list, compiled by Grant Thornton UK, places MV Commercial within the top 100 of 350,000 private sector businesses in Scotland.
MV Commercial is proud to announce its inclusion in the prestigious Scotland Limited 2024 list, ranking at number 60 among Scotland’s leading private companies. This well-respected list, compiled by Grant Thornton UK, places MV Commercial within the top 100 of 350,000 private sector businesses in Scotland.
Being recognized as one of the leading founder-led and privately owned companies in Scotland underscores the enduring core strength of the MV Commercial Group. The company has successfully navigated numerous challenges in the HGV sector over recent years, including a 23% contraction of the Scottish economy due to COVID-19, the impact of the Russian invasion of Ukraine on fuel prices and the knock-on effects on the haulage industry, and the ongoing Middle East crisis affecting the logistics of key components in vehicle manufacturing.
In the face of these hurdles, MV Commercial has strengthened its position in the UK market, thanks to its robust strategic mid- and long-term plans, industry involvement and leadership, and continual investment and development ensuring growth, product delivery, and an expanding loyal customer base.
MV Commercial’s entry into Scotland’s Top 100 Companies at number 60 is a testament to its resilience and success despite the economic challenges facing the HGV industry. The company's growth has been bolstered by the uplift in the Scottish economy, which is experiencing robust expansion in several key traditional sectors. This economic upswing has positively impacted many areas of the Scottish truck, trailer, and van industry, from delivery vans to construction trucks to specialist crane trucks—sectors where MV Commercial has seen significant growth and demand.
The company’s success in Scotland is closely linked to its rapid increase in market share of the specialist truck and trailer manufacturing sector across the UK, driven by multi-million-pound investments, including in its 73-acre facility in Grantham. This investment has facilitated the successful introduction of multiple new products, nearly doubling trailer production over the last three years, and expanding the company’s in-house manufacturing capabilities in the specialist crane sector nearly ten-fold.
MV Commercial's success is also largely to the growth in demand for flexible hire deals tailored to meet the diverse needs of its clients. By collaborating closely with customers, as well as suppliers, the company ensures its solutions are both innovative and responsive to market demands.
This collaborative approach has enabled MV Commercial to build strong, lasting relationships, fostering trust and loyalty within the industry, both from its customers and suppliers. Additionally, the company's focus on customer-centric 24/7 service and support, and its ability to adapt quickly to changing conditions have been pivotal in driving sustained growth.
Looking ahead, MV Commercial is excited about the future and remains committed to driving innovation and excellence in the HGV sector. Despite the challenges surrounding major infrastructure projects like HS2 and the broader uncertainties they introduce, the demand for our products and services remains strong. Building on the strong foundation of our recent achievements, we plan to continue expanding our product range and enhancing our manufacturing capabilities. Our focus will remain on strategic investments and sustainable growth, ensuring we meet the evolving needs of our customers.
With the dedication of our talented team, we are confident in our ability to navigate future challenges and capitalize on new opportunities, and we look forward to strengthening our market position, both in Scotland and across the UK as we aim to achieve even greater success in the future.
