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Vertex named biggest mid market private company

Vertex has been named as the biggest mid-market private company in Britain, according the to the Sunday Times HSBC Top Track 250 league table.

The annual table ranks Britain’s 250 biggest mid-market private companies by turnover.

Vertex tops this year’s poll with revenues of £415.9m in 2006, having been bought in March by a group of private investors by a consortium being led by Oak Hill partners, picking up the group by United Utilities.

Vertex Life, pensions and distribution managing director David Child says: “The appetite for outsourcing among financial services companies continues to grow, fuelled by intensifying cost pressures and competition.

“This is an exciting period in our development with both The Exchange and 1st continuing to see record levels of business in the adviser marketplace and increasing opportunities coming from our enhanced straight through processing capability. We also look forward to expanding our recent successes in our life, pensions and distribution and our mortgage administration businesses.”

Vertex chief executive officer Richard Graham says: “We are delighted to be confirmed as the UK’s number one mid-market private company. Our size helps us deliver improved results for our clients. With operations on three continents we bring our clients benefits from greater scale, shared services and market-leading capabilities.”

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