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Just one Gloucestershire firm makes Sunday Times Grant Thornton Top Track 250

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Written by: The Business | Posted 29 September 2017 11:29

Just one Gloucestershire firm makes Sunday Times Grant Thornton Top Track 250

Just one Gloucestershire firm has made it in to this year’s 13th annual Sunday Times Grant Thornton Top Track 250 league table.

Ranking Britain’s private mid-market growth companies with the biggest sales this Sunday’s list will feature 11 companies headquartered in the southwest (compared to 16 last year).

Together the companies increased combined sales 16 per cent to £3.4bn and operating profits 20 per cent to £151m, and they employ over 17,000 people.

The name in the frame from Gloucestershire – coming in at number 227 with sales of £126million, £7million profit and 627 staff is Ecotricity.

Stroud-based green energy supplier Ecotricity is 100 per cent owned by Dale Vince, and according to the information ‘leaked’ by the Sunday Times ahead of this weekend’s supplement has slipped 15 places from its placing last year.

Tim Lincoln, Partner at Grant Thornton UK LLP, the title sponsor of the league table, said: “These companies think locally and act globally, they innovate to grow and embrace an entrepreneurial spirit that this country needs to secure a positive post-Brexit future.

“At Grant Thornton we are seeking to stimulate ideas and actions that can help shape a vibrant UK economy that thrives. We can all learn a lot from the Top Track 250.”

The biggest mid-market growth company in the region for a second consecutive year is car dealer Helston Garages in Cornwall, which has 37 car dealerships throughout the West Country, selling marques from Ferrari and Porsche to Peugeot and Volkswagen.

It is the only company to appear on all 13 Top Track 250 league tables, and features this year with sales of £586m, up 13 per cent on the year before.

There are two entrants in the southwest that were not on the league table last year. The newcomers are Swindon-based construction contractor E W Beard and St Austell Brewery in Cornwall, whose acquisition of Bath Ales last year helped sales grow to a record £153m, an increase of 14 per cent.

Bristol-based Nisbets achieved the biggest profits in the southwest for a second year in a row with £36m, up 25 per cent. The catering equipment supplier has international operations in Ireland, France, Spain, the Netherlands, China and Australia, and last September acquired linen manufacturer Mitre Linen.

The companies in the southwest appear with businesses from around the UK, including Aston Martin, Holland & Barrett, Travelodge, The Hut Group and PureGym.

The league table and awards programme is sponsored by Grant Thornton and Lloyds Banking Group, and compiled by Fast Track, the Oxford-based research and networking events company.

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