PTL has been identified as a top ten performer in research recently conducted by the Work Foundation (formerly the Industrial Society) involving 3000 UK firms. The findings of the study are reported in Cracking The Performance Code: How Firms Succeed, and launched at an event at the Stock Exchange involving Will Hutton, Chief Executive of the Work Foundation along with senior industrialists.

The performance of the firms sampled in the study was rated using a Company Performance Index which captured the way in which firms blend strategy across five key areas;- Customers and Markets; Shareholders and governance; Stakeholder relationships; Human resource practices; and Creativity and innovation management.

The key findings of the study identified that top performing companies tended to enable rather than drive performance, relied on simple processes, were not risk adverse and ensured that procedures allowed them to change direction quickly. The study identified that successful organisations were usually characterised by a sense of pride and possessed a vigorous determination not to be left behind.

‘We are both delighted and a little surprised to be identified as one of the UK’s top performing companies, said Raymond Clarke, Chief Executive of PTL. ‘When asked to become involved in the research we had little idea of its significance, and we are really very pleased that the journey on which currently PTL is embarked has attracted such positive attention. Over the past two years, PTL has increased revenue per head by in excess of 30%, significantly improved profitability and undergone a major cultural change, moving from a civil service based culture to one in which the focus is commercial sustainability. The PTL team is keen to seek new opportunities and with the growing sense of empowerment and self-belief that is clearly evident in the organisation, we are looking to the future with considerable confidence’.

Speaking for the Work Foundation, Will Hutton said, ‘the economic future of the UK depends on companies becoming successful, sustainable and highly productive. The report is a huge step forward in helping us understand how companies succeed; we should absorb these lessons and act. The progress that PTL has made in recent years is an example of what can be achieved when companies focus on cracking the performance code and I would like to congratulate its management and staff on the progress that has been made’.

Further details of the study are available from Denise Houston at the Work Foundation 020 7004 7224 and information on PTL is available from Wendi Beamson 01952 587020 or This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .