Ripples is celebrating after earning recognition as one of the top franchise opportunities in the UK. Among numerous contenders spanning various industries, Ripples has ranked in the esteemed Elite Franchise Top 100 (EF100) – a title it says it will proudly hold throughout the duration of 2024.
Sponsored by HSBC UK, since 2017, the EF100 has evolved into a cornerstone of the annual calendar in the UK’s franchising arena. It assesses franchisors across myriad criteria – spanning the scale and velocity of their growth to their vital contributions in empowering franchisees and enhancing the wellbeing of the communities they serve.
Initiatives such as these are critical to the overall evolution and development of franchising, as franchisors work hard to continually improve and achieve a spot in the much sought-after league table. Now in its 7th year, the competition continues to grow fiercer – with the esteemed panel of judges consistently setting high standards.
“When assessing candidates, we take a comprehensive approach – considering factors such as their revenue, expansion metrics, and the quality of their training and support systems for franchisees. In this year's judging, we also factored in how well brands have weathered the challenges posed by the ongoing financial crisis. Achieving a position on this list is a clear testament to the extraordinary achievements of the brands that consistently set the gold standard for franchise management,” said Anita Roberts, franchise director at HSBC UK.
Even in the face of a constantly evolving economic environment, the past year has seen Ripples flourish, opening 6 new showrooms and increasing the number of group industry awards to over 70.
Ripples MD Paul Crow said: “We are delighted to rank in the award’s Top 100 list. We worked alongside our franchise partners throughout 2023 to rapidly evolve and develop the business to cope with a challenging environment, doing so with great success. Not only have we increased sales for our existing network but we’ve also increased the number of businesses within our group with the opening of 6 brand-new showrooms. This prestigious acknowledgment caps of a great year for the whole Ripples team and we are proud to be recognised as an award-winning business opportunity for ambitious entrepreneurs too.“