For the seventh year, the London Stock Exchange Group has published its ‘1000 Companies to Inspire Britain’ report, which identifies the UK’s most dynamic and fastest-growing small and medium sized enterprises (SMEs). And it features 90 companies from across our region.
As the UK heads into lockdown for the second time, there is no better time for the Stock Exchange to be publishing such a report.
The businesses featured in this year’s report highlight the regional and sector diversity of UK SMEs and the innovation shown by these companies.
Having worked our way through the list, we have found 90 companies from across the region we cover in the report, representing almost every sector – from manufacturing to airport security, construction to footwear. There’s even a zoo. We apologise if we’ve missed any out any company located in our region.
David Schwimmer, CEO, London Stock Exchange Group: said: “This report highlights the vital role of SMEs in driving economic growth, leading innovation and providing jobs across the UK. In this challenging year for businesses, it is more important than ever to shine a light on these stories of resilience and entrepreneurship. The success of UK SMEs is crucial as we rebuild a post COVID-19 economy, and London Stock Exchange Group is committed to helping growth companies achieve their potential.”
Overall average revenue growth of the companies featured in this report is 41.2 per cent. Companies from London, Wales, and South East England recorded revenue growth above the UK rate.
The top five industries represented by this year’s companies account for more than 40 per cent of the list, led by engineering & construction, manufacturing, food & beverages, retail and technology.
The 1000 companies in this year’s report have together created 42,606 jobs in the two years to December 2019.
With more than 7000 jobs, professional services is the leading sector for jobs created, followed by employment services and food & beverages.
However, out of the 1000 companies from across the UK, there are more in the engineering and construction sector than in any other (173 in total), followed by 97 in manufacturing and 81 in food & beverage (which includes food producers – which could be classed as manufacturing).
We have reported more than once this year that the fastest growing business sector is technology. Beauhurst’s list of the top 15 fastest growing companies are certainly technology-heavy (with Monzo bank at the top). In the Stock Exchange List, there are 58 tech companies listed.
One company celebrating its inclusion in the 1000 Companies to Inspire is Banbury-based Westminster Group plc.
Peter Fowler, Chief Executive of Westminster Group, said: “We are very proud to have been recognised by the London Stock Exchange as one of the select 1000 Companies across all sectors to Inspire Britain 2020, especially in a year like this one. 2020 has been a difficult year for everyone but our team has continued to work hard and helped to make Westminster stand out. We are continually investing across our business and striving to supply much needed products and solutions for our customers.
“Following three years of double-digit percentage revenue growth we have further delivered a remarkable 24 per cent growth in the first six months of 2020, despite the world impact of COVID-19, to a global client base including prisons in the UK, law enforcement in America, facilities in Germany, Israel, Iraq, and Hong Kong; and even the Palace of Westminster.
“There are approximately four million companies registered in UK, with some 500,000 new incorporations each year, so to be highlighted in the 1,000 most inspirational in UK this year is a great accolade and a testament to the hard work and dedication of all our staff.”
The 90 companies from across the region are listed below in alphabetical order of towns
FARNHAM COMMON (BUCKS)
HENLEY IN ARDEN
REPL (workforce technology, supply chain, point of sale and in-store digital)
HENLEY ON THAMES
ROSS ON WYE
STRATFORD UPON AVON
REPL (manufacturer of high-quality heat shrink, cold shrink, and pre-moulded cable accessories)
To compile the London Stock Exchange ‘1000 companies to inspire’ list, Beauhurst combined key financial performance indicators and sector benchmarks Companies that have a parent incorporated in a foreign country were excluded, except for specific tax shelters. Ltd, Plc and LLP entities are all considered. Investment vehicles and funds were excluded, as were charities and non-profit organisations. Size and age Independent company or consolidated group revenues must be from £6m–£250m, based on latest Companies House filings. Companies that have been incorporated after 1 November 2016 were excluded.
For the full criteria, visit the London Stock Exchange Group