Denver's Fastest Growing Private Companies

We are delighted to announce that once again, Lightning Labels has been honored as one of the fastest growing private companies in our region. The Denver Business Journal compiles this list every year, and this year was our best ever result on the list. In our revenue category (small-medium businesses with annual revenues between $3 million and $7 million) we came in 7th.

To qualify for the list, the Denver Business Journal compared revenue growth from 2005 to 2007 and Lightning Labels came in at an even 150% growth during that time period. Thanks must go to all of you, our customers, for helping to make this growth possible.

Comments

[Dr Adrian Steele of Mercian Labels Ltd (UK)]

Hi Peter

Wow, 150% growth a year, thats a fantastic result. Here in the UK, I dont think anybody is showing that sort of growth!

Could I ask about your financial reporting standards in the USA? Here in the UK, unless your turnover is greater than about USD£10,000,000 , you only have to file very basic accounts, with no sales figures included, and the vast majority of companies dont file anything but the most basic accounts with the government agency ( http://www.companieshouse.co.uk/ ), and even then we often dont file until the latest possible date, being 10 months after the end of your financial year. You have a remarkable culture of openness in the USA - do you HAVE to publish sales figures to the authorities, or do you just choose to disclose them to organisations like the Denver Business Journal?

regs

adrian

[peterrenton]

Hi Adrian, Thanks for the nice comments. In the US financial reporting requirements it seems are much more stringent. All companies need to file detailed financial results to the IRS including sales figures, expenses and profits. However, this information is not public information, every tax return is known only to the IRS and there is no way of finding out about other private company tax returns.

Our sales information is more public because we enter competitions like this one for the Denver Business Journal and also Inc. magazine, that recognizes fast growing companies. If they are going to recognize you, you have to be upfront about your sales figures. I hope that answers your questions.

Regards, Peter