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The 15th annual Rising Stars awards were held at Beaumonde On the Point last night. Photo: Ryan Ammon

Veris tops Rising Stars

Perth-based ASX-listed company Veris outshone a quality field to be named the overall winner at the 2018 Business News Rising Stars awards held last night. 

Established in 2003 as contractor Ocean to Outback Electrical, Veris has been particularly industrious during the past four years, making nine acquisitions, undertaking a rebrand and diversifying its offerings into surveying, professional advisory and geospatial services.

This transformation appears to be paying off, with Veris’s revenue up 47 per cent to $46 million in its half-year results to December 2017. 

Veris also won the Rising Stars large business and professional services categories. 

Now in their 15th year, the Rising Stars awards recognise the achievements of the state’s fastest growing private companies.

Entrants were judged across a number of criteria, including revenue, staff growth, not-for-profit involvement, and diversity. 

Organisations also needed to present a solid growth strategy to become a Rising Stars finalist. 

Other businesses shortlisted for the top prize this year were co-working incubator Spacecubed and software company Docmosis

The remaining category winners were: social enterprise Greenbatch, which converts plastic into 3D printer filament; crane rental agency Cranecorp Australia; design firm SPH architecture + interiors; the Wanneroo Basketball Association; Buurabalayji Thalanyji Aboriginal Corporation; and Vanguard Performing Arts, which also received the 2018 People’s Choice Award. 

The first winner of Rising Stars in 2003 was advertising agency Gatecrasher, while past winners have included IT groups Datacom and Empired, as well as engineering firm Calibre Global.

Wearable technologies company Nuheara was named the overall winner for 2017. 

You can read more about Veris and the other winners’ stories online this afternoon and in our next print edition that comes out Monday July 2.

2018 Rising Stars Category Winners

Startup: Greenbatch

Micro-Business: Docmosis

Small Business: Spacecubed

Medium Business: Cranecorp Australia

Family Business: Vanguard Performing Arts

Indigenous Business: Buurabalayji Thalanyji Aboriginal Corporation

Not-for-profit Business: Wanneroo Basketball Association

Diversity award: SPH architecture + interiors

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Veris (VRS)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Top 10 Shareholders

Source: Morningstar

Total Shareholder Return as at 28/06/19

1 year TSR5 year TSR
206thJoyce Corporation17%36%
243rdEuroz9%6%
257thSwick Mining Services7%-2%
816thVeris-80%-13%
731 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

13/06/19
$4k Bought
03/05/19
$70k Bought
16/04/19
$57k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

32nd↑Swick Mining Services$138.2m
33rd↑Veris$106.8m
35th↑Joyce Corporation$97.3m
36th↑Euroz$92.1m
198 listed industrial companies ranked by revenue.
Source: Morningstar

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Special Report

Rising Stars 2018

Rising Stars 2018

27 June 2018

Veris tops Rising Stars

Veris tops Rising Stars 

Perth-based ASX-listed company Veris outshone a quality field to be named the overall winner at the 2018 Business News Rising Stars awards held last night. It was one of nine organisations to win an award on the night.

Veris broadens operations

Veris broadens operations

SPECIAL REPORT: ASX-listed company Veris has transitioned its business from the mining sector to become a diversified outfit focused on key infrastructure projects across Australia.

Cranecorp extends reach in tight sector

Cranecorp extends reach in tight sector

SPECIAL REPORT: Several acquisitions in the past four years have helped Cranecorp Australia grow into new markets, but the company’s owners still make themselves available to clients to give relationships a personal touch.

Spacecubed grows on collaboration

Spacecubed grows on collaboration 

SPECIAL REPORT: Spacecubed has been at the vanguard of the growth in Perth’s startup community in recent years, with the social enterprise now operating about 5,000 square metres of co-working spaces and a range of accelerator programs.

Vanguard expands its repertoire

Vanguard expands its repertoire

SPECIAL REPORT: In 2014, Daniella and Matt Papa opened the doors to a new performing arts studio with just eight students on their books.

Docmosis making major US moves

Docmosis making major US moves 

SPECIAL REPORT: Software company DOCMOSIS is achieving impressive sales growth with lean resources, having only recently increased its staff numbers to four.

Greenbatch grows as it cuts waste

Greenbatch grows as it cuts waste 

SPECIAL REPORT: Social enterprise Greenbatch has come a long way since 2016, when it drew up plans detailing a vision to establish a plastic reprocessing facility in Perth.

SPH builds opportunity on gender diversity

SPH builds opportunity on gender diversity 

SPECIAL REPORT: SPH Architecture + Interiors is an industry leader in terms of workplace diversity, with its share of women employees well above the construction sector’s participation average of about 11 per cent.

West Pilbara corp boosts commercial offering

West Pilbara corp boosts commercial offering 

SPECIAL REPORT: Buurabalayji Thalanyji Aboriginal Corporation is a registered native title body that has evolved rapidly in recent years to have growing commercial operations supported by strong governance and financial practices.

Numbers game at Wanneroo

Numbers game at Wanneroo

SPECIAL REPORT: The recent appointment of a full-time chief executive and the shift to new facilities have been major factors in the Wanneroo Basketball Association’s success during the past three years.