doc martens 1914 market firms in East Mids
Some 13 East Midlands companies have made it onto a prestigious UK wide list of high growth mid market companies.
Published this weekend, the 12th annual Sunday Times Grant Thornton Top Track 250 league table ranks Britain’s private mid market growth companies with the biggest sales.
The 13 companies headquartered in the East Midlands (compared to 14 last year) have made a strong contribution to the local economy. The companies increased combined sales 11% to 2.4bn and operating profits 30% to 116m, and they employ more than 10,000 people.
The biggest mid market growth company in the region is Leicester based Aurum, which says it is one of the world largest distributors of luxury watches, with brands such as Goldsmiths, Watches of Switzerland and Mappin Webb. Its sales rose 12% to 407m 2015, partially due to acquisitions.
There are nine entrants in the East Midlands that were not on the league table last year, including Grosvenor Contracts Leasing, based in Kettering, and Gardner Aerospace in Derby, which makes civil and military aircraft parts, such as doors and wing components, and whose profits tripled to 9.7m in 2015 following investment to improve efficiencies.
Wollaston based Dr Martens achieved the biggest profits in the East Midlands with 26m, a drop of 14% due to increased raw materials costs and larger stock.
The companies in the East Midlands appear with businesses from around the UK,
including Arsenal, Barbour, Nando’s, Skyscanner and Wagamama.
The league table and awards programme is sponsored by Grant Thornton, and compiled for the 12th year by Fast Track, the Oxford based research and networking events company.
Chris Frostwick, Partner at Grant Thornton, said: the wake of the EU referendum it is more important than ever that businesses, and the public and the third sectors work together to help the UK to build on its strengths and ensure that the economy continues to grow. I am heartened to see how these businesses are embracing a collaborative approach to drive prosperity throughout the UK and wider society.”
The other East Midlands companies which appear are Pentagon Investments (126th), Belfield Furnishings (211th), CCS Media (Chesterfield), Tomlinson Group (236th), NRS Healthcare (208th), Whitworth Bros (111th), Car Shop (112th),
Randall Parker Food Group (133rd) and Hillarys (155th).