Rixonway Kitchens has made the biggest leap up the Sunday Times Buyout Track 100 of companies backed by private equity in the region. Dewsbury-based Rixonway Kitchens has shot up 46 places from 62nd in 2010 to 17th in 2011.

One of the leading kitchen manufacturers working in affordable and social housing, Rixonway Kitchens has again been featured in the Sunday Times Buyout Track 100, a national league table of Britain's 100 private equity-backed companies with the fastest-growing profits.

The 400-strong company earned its ranking after defying the downturn seeing revenues increase by 23% in 2009/10 to £28.8m and recording an EBITDA (Earnings before interest, tax, depreciation and amortisation) of £5.1m.

Chief Executive Paul Rose said: “We are delighted to have received this recognition for the second year running. In spite of tough economic conditions our results have been excellent over the last year and we look forward to a successful 2011. The whole team has worked tremendously hard and I would like to extend my personal thanks to every one of them.”

Over the past two years of latest available accounts, the 100 companies on the league table grew their profits by an average of 45 per cent a year to reach combined profits of £1.4 billion. Unlike most research into the private equity industry, The Sunday Times Buyout Track 100 highlights the profit performance of companies backed by private equity.

Rixonway has continued with a programme of capital investment despite the economic environment. The recent addition of bespoke systems and equipment includes Preactor, to increase efficiencies, bring significant environmental benefits, and deliver time and cost savings to clients and dust extraction system ‘Ecogate’, which has dramatically reduced its carbon footprint.

Rose added: “Over the last six years our focus has been on innovation, reliability and further improving our service. Our success in delivering this has secured many new contracts and has created excellent relationships among those who provide and maintain affordable and social housing stock. It is this to which we really owe our significant growth and record turnover and profit”.