Firms outstripping rest in UK for growth
THE North-West’s share of an influential list of the country’s fastest-growing businesses is increasing at a faster rate than that of any other region.
Businesses in the region account for 14 of the UK’s top 100 fastest-growing private companies according to research by the specialist bank Investec and DueDil, the business data provider.
The summer update of their Mid-Market 100 list, following the inaugural biannual report in November 2014, measures the most dynamic businesses in the mid-market sector – those reporting between £10m and £200m annual turnover.
Nine of the region’s businesses featured in the previous report, an increase of 56% – the biggest improvement of any region in the current study.
Two of the top-10 performers are based in the North-West: discount store operator Quality Save, which is in fourth position nationally with turnover growth of 86%, and civil and electronic engineers Luton Engineering Services, which is in eighth place with 67% growth. Both operate from Manchester.
More than half of the firms in the North-West region are newcomers to the Mid-Market 100 list highlighting the substantial growth of business in the region.
The full list of North West companies is as follows:
Quality Save Retail, Cheshire, retail, (number 4), £35.8m (86%); Luton Engineering Services, Lancashire, wholesale machinery (8) £41.5m (67%); MPM Products, Manchester, pet food prdoucers (34) £25m (42%); Oliver Valvetek, Knutsford, manufacturer of taps and valves, (42) £34.8m (35%) ; Trilanco, Lancashire, agriculture and equestrian producer (46) £50m (34%) ; Cosatto, Bolton, wholesale baby products (47) 13.8m (33%); Please Hold (UK), Manchester, audio brand agency (57) £11.1m (32%); Kingdom Security, Lancashire, investigation and security (64) £49m (30%); Computer Risk Management, Altrincham, Cheshire, office printer and accessories retailer (67) £30.2m (29%); Flameproffings, Bolton, textile technology (69) £19m (29%); Caterers Choice, wholesale food (80) £60m (28%); Cestrian Imaging, Cheshire, printing services (85) £17.5m (27%); Richard Wellock & Son, Nelson, wholesale fruit and vegetables (86) £26m (27%); AMR Textiles, Manchester, manufacture of technical nonwovens and waddings (93) £22.1m (26%).
