Taxi firm Veezu included in London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ report
Updated: Nov 4, 2020
Veezu has been identified as one of London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ 2020.
The report recognises the UK’s fastest-growing and most dynamic small and medium sized businesses (SMEs), highlighting the regional and sector diversity of the UK’s SMEs and the entrepreneurial spirit shown by these companies.
To be featured in the report, businesses had to demonstrate strong revenue growth over the last three years and outperform their sector peers, creating a unique list of the UK’s most innovative SMEs.
Veezu and its regional hubs (A2B Radio Cars, Amber Cars, Dragon Taxis, V Cars) have made seven notable acquisitions, in keeping with the business’ growth strategy to expand both organically and through acquisitions.
Two acquisitions by regional hubs were completed in the Autumn of 2019. V Cars acquired Swindon firm United Radio Cars and Amber Cars acquired private hire firm Greengates Cars in Bradford.
Welsh regional hub Dragon Taxis began 2020 with a double acquisition, acquiring two taxi firms in Torfaen: Cwmbran Cars and Chauffer Cars.
Further acquisitions took place in March as regional hub Amber Cars acquired Leeds firm Premier Cars and Veezu Group acquired Shropshire and West Midlands firm Go Carz. Most recently, Amber Cars acquired Gee Gee Cars in Beeston, last month.
The business was founded in 2013 and the group last year completed more than 18 million private hire journeys, equating to an overall transaction value of £155million through 6,000 driver partners.
Nathan Bowles, CEO of Veezu, said: “As the UK's number one hyperlocal journey provider, I'm delighted that Veezu has been recognised as a leading business to inspire Britain during 2020. Our fast growth is inspired by our mission to focus on the needs of passengers to deliver millions of journeys that keep our local communities moving safely and efficiently.
“Local residents and local businesses must pull together and make our local communities stronger, even more so during these turbulent times.”