Another successful year for growth companies in Worcestershire
26 October 2018
The 2018 edition of the Worcestershire Growth Barometer not only includes data on the financial health of Worcestershire’s 50 fastest-growing businesses, but also original research carried out among business leaders including First Grade International and Skatehut (see below).
Financial figures only provide part of the picture in any business community. So what does Worcestershire’s corporate ecosystem look like?
The image that emerges is one of prudently managed businesses, with a clear focus on sales growth and diligent adhesion to long-term strategic plans.
These businesses are also overwhelmingly UK-focused and appreciate Worcestershire for its strategic location in the country and its skilled workforce. They face significant challenges, too, topmost of which is the struggle to fulfil the demand for talent.
Infrastructure and real estate are also stumbling blocks for the business community. Some of these issues are now being addressed in our county, with initiatives such as the 5G testbed promising to put Worcestershire at the forefront of technological innovation in the UK.
Read the full analysis of Worcestershire companies in our report, which also includes in-depth company profiles on Aspens, Auto Sleepers Group, First Grade International and Skate Hut. Download at the bottom of this page.
We interviewed David Armstrong, General Manager at First Grade International (no. 32 in our league table) about their success in product diversification, tapping into the dairy free market and challenges they have encountered in outgrowing their existing property and needing to build their own premises.
Hear how a family holiday in Florida led to a business that is now included in the Top 50 list in our interview with Mark Johansen-Berg, CEO of SkateHut. The company now sells 20,000 products and has three warehouses and three stores, one each in Halesowen, Coventry and Corby. Find out more on our New Economy microsite.