The Globe and Mail’s Report on Business has just released its report on Canada’s Top Growing Companies and guess what, an Ontario-based cabinet shop has made that auspicious list.
Cardinal Fine Cabinetry of London manufactures residential and light-industrial cabinetry and furniture, has 43 employees and revenues, in 2018, between $5 and $10 million.
“We are very proud that Cardinal Fine Cabinetry has just been recognized as one of Canada's 400 Top Growing companies by The Globe and Mail through their "Report On Business" magazine,” says company CEO Paul Bilyea who runs the company along with his wife Laurie.
The report, “Meet the next generation: the 400 boldest businesses in the country,” ranks Canada’s top growing companies.
From the Report on Business: “These 400 businesses operate in such hot sectors as fintech, e-commerce and cannabis, along with long-established industries like manufacturing and transportation. Some are globally known giants, including Shopify (No. 98), Canada Goose (No. 188) and Alimentation Couche-Tard (No. 326); most are less familiar names but worth watching nonetheless.
“Why? Because each company on this list is rising fast: Their average revenue growth was 511% over the past three years. As these businesses expand, they solidify Canada’s reputation as an entrepreneurial nation and offer lessons on finding new markets, commercializing great ideas and building teams that can inspire organizations of all sizes. Among this group are likely some of the country’s biggest innovations and corporations of the future—the next generation of Canadian business stars.”
Cardinal Fine Furniture came in at #354, and Bilyea said it was an honour to even be nominated and they are very happy that they actually made the list.
“What is even more special is the fact that we are the only residential millwork supplier on that list,” he says.
Have a look at the report here and read our interview with Bilyea in the next edition of Woodworking.
