The Black Country Growth Barometer 2019 – Manufacturing, a special report
23 January 2019
The new instalment of BDO’s Black Country Growth Barometer reveals the top 50 fastest growing companies in the region and shows why the face of manufacturing is continuing to diversify and surprise. No longer a dark metaphor for industrialisation, the area’s manufacturing power now spells bright future for the region.
The last 12 months have been busy for Black Country business, which is not surprising given its vibrant business community. We have seen corporate moves such as management buyouts at Worcester Presses and TotalKare, a new manufacturing facility for International Piping Products and major international orders boosting growth at Mechatherm International, to cite just a few recent headlines. There has also been a £12.5m investment in the Elite Centre for Manufacturing Skills, a unique venture in the UK, aimed at strengthening the region’s hold on the manufacturing sector.
Included in this year’s report are interviews with The Black Country Chamber of Commerce and Number 20 on the Top 50 table, Clamason Industries Ltd.
Some key findings in this report include:
- This year’s top 50 fastest growing businesses have seen turnover increasing by an average of almost 158% over the last three years
- The Black Country’s manufacturing and packaging companies have grown by a sturdy 44% over the last three years
- The two food and agricultural supplies companies in the top 50 have almost doubled their turnover in the last three years, with an average combined growth rate of 96%
- The five distribution and transport companies in our list have not lagged far behind, growing revenues by a mighty 94% over the last three years
- The Black Country’s top 50 fastest-growing companies now provide employment to a total of more than 8,520 people, compared to less than 6,925 a year ago and under 5,850 the year before that
- All four areas of the Black Country have seen rapid top 50 revenue growth, however Sandwell-based companies achieved a combined turnover of £832m, showing this to be the leader of the pack.
We also take a closer look at the region’s leading sector in our special report, Manufacturing – Why we’re still number one, which celebrates the fact that manufacturing continues to be the Black Country’s strongest card for economic growth and employment. However, the region once synonymous with industrial grime has changed its face, without losing its lead. Today, the Black Country continues to be synonymous with manufacturing excellence, and the region is determined to keep things that way.
The top 20 fastest growing companies in the manufacturing sector have increased their revenues by a combined 45% over the last three years. Leading the league table is Wolverhampton family-owned paper products maker Task Consumer Products, which has grown 62% over the period.
Download the full Black Country Report 2019
Read all of our previous editions of the Midlands Growth Barometer here.