We are pleased to announce that we are one of nine companies that feature in the league table of Britain’s leading private mid-market growth companies.
The Sunday Times Grant Thornton Top Track 250 complements the Top Track 100 published in July (where we ranked 63rd), which features Britain’s private companies with the biggest sales. It ranks the next 250-biggest companies by sales, provided they meet our growth and profitability criteria (see below). The 250 companies grew combined sales by 18% to £66.7bn, operating profits by 27% to a record £6.4bn and employees by 10% to 435,000.
The press release from the Sunday Times reads:
“The 9 companies headquartered in the southwest (compared to 11 last year) have made a strong contribution to the local economy. The companies increased combined sales 25% to £2.5bn and operating profits 38% to £145m, and they employ close to 19,000 people.
The biggest mid-market growth company in the region is Lush. The cosmetics manufacturer and retailer is headquartered in Poole, Dorset, but has 932 outlets in 49 countries. Strong demand for ethically sourced products helped sales rise 26% to £498m in 2017.
There are four entrants in the southwest that were not on the league table last year. The newcomers include luxury yacht builder Princess Yachts, which has launched six new models and increased its workforce to 3,000 in Plymouth; and pharmaceuticals manufacturer Qualasept Pharmaxo in Corsham, Wiltshire, which prepares thousands of medicines tailored to individual patient needs and saw sales hit £191m this year, with profits almost doubling to £15m.”