Surrey and Sussex’s mid-sized businesses boost sales by up to 43% despite Brexit uncertainty

02 October 2017


The fastest growing mid-sized companies in Surrey and Sussex revealed
 

Surrey and Sussex’s best performing mid-sized companies are growing fast despite uncertainty caused by the Brexit negotiations, according to the latest research from accountants and business advisers BDO LLP. The findings are in sharp contrast to businesses across the country where only 4% are feeling more confident in the 100 days since the election.

The top 20 companies in each county reported an impressive combined sales growth of 43% in Sussex and 32% in Surrey over the last year. Collectively they employ more than 8,000 people and generated revenue in excess of £2bn.

In the top spot in Surrey is Giggling Restaurants Limited which saw a compound annual growth rate (CAGR) in revenue over three years of 61%; the popular restaurant chain is a newcomer to the top 20 league table. Occupying the number one position in Sussex for the second year running is Envision Pharma with a CAGR of 52% in revenues.

BDO’s Best in Business ranks the top 20 performing businesses by annual sales growth over the previous three accounting periods. It highlights the ongoing importance of companies with a turnover between £10m-£300m to the local economy and is part of a firm-wide commitment, as sponsors of The Sunday Times Fast Track series, to champion mid-sized businesses.

Since last year’s research only 10 businesses have maintained their performance, showing the volatility amongst the highest performers. Companies in construction and IT continue to experience the fastest growth, although other sectors are also performing well as demonstrated by the vibrant mix of businesses represented in the top 20 league tables.

Location is not a factor in Surrey which boasts a fairly evenly spread distribution of top performers across the county, unlike Sussex where the majority are based in the key enterprise hubs of Brighton & Hove, Horsham and Crawley.

Further research by BDO shows businesses in Surrey and Sussex are bucking the trend as almost two thirds of mid-sized companies nationally report a drop in confidence about their own growth ambitions. Brexit is still the overriding concern with 58% naming clarity on negotiations with the EU as the number one factor they’d like to see the new Government and policymakers focus on.

BDO is calling on the Government not to take the resilience of the region’s mid-sized businesses for granted and to take steps to create a more friendly business environment. 

Kevin Cook, partner at BDO LLP, said, 

We have a tremendous base of entrepreneurial and aspirational companies to be proud of locally. Best in Business seeks to recognise them and celebrate their success, whilst initiating dialogue to increase awareness of the challenges they face, and how together we can overcome them.

As party conference season continues, these businesses will be looking for answers not only on the future of the UK’s trading relationships, but also a response to the growing concerns on skills and productivity in a post-Brexit world.

One thing we can be certain of now is that these dynamic businesses make a staggering contribution to our economy - they must be placed at the heart of Government plans and Brexit negotiations to help achieve their own growth ambitions and, in turn, continue to fuel our economy.”


To find out more about Best in Business or obtain a copy of the 2016/17 report contact Kevin Cook, partner at BDO LLP on 01483 408003 or email kevin.cook@bdo.co.uk

ENDS

 

Surrey Top 20 fastest growing mid-sized companies

Rank

Company

Activity

Sales CAGR over 3 accounting periods

Latest sales  £000

1

Giggling Restaurants Ltd

 

Licensed restaurants

 

61%

 

11,840

2

SAV Holding (UK)

Limited

 

Plumbing, heat and air-conditioning installation

 

46%

 

24,225

 

3

Cennox Holdings Limited

 

A group engaged in the range of specialist services.

 

46%

 

43,701

 

4

Marbank Construction Limited (Boxtrent Holdings)

 

Construction of commercial buildings

 

39%

 

69,431

 

5

D4t4 Solutions PLC

 

Other information technology and computer service activities

 

38%

 

18,609

 

6

Jellyfish Group Limited

 

Advertising agencies

 

 

37%

 

 

53,054

 

7

Ergomed PLC

 

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

 

36%

 

39,233

 

8

 

 

 

Sian Wholesale Limited

 

Agents involved in the sale of a variety of goods

 

35%

 

17,680

 

9

Fileturn Holdings Limited

 

Construction of commercial buildings

 

32%

 

41,233

 

10

Full House Restaurants Holdings Limited

 

Take away food shops and mobile food stands

 

31%

 

33,592

 

11

Competition Line (U.K.) Limited

 

Fitness facilities

 

30%

 

18,427

 

12

DRS Technologies UK Limited

 

Manufacture of computers and peripheral equipment

29%

 

14,072

13

 

Healix International Holdings Limited

Non-life insurance

 

28%

 

35,913

 

14

Romans International Limited

 

Sale of used cars and light motor vehicles

 

28%

 

57,005

 

15

Nurture Landscapes Holdings Limited

 

Landscape service activities

 

27%

 

26,836

 

16

Sopheon PLC

 

Other information technology and computer service activities

 

27%

 

18,806

 

17

Teamsport Holdings Limited

 

 

Other sports activities (not including activities of racehorse owners) n.e.c.

 

26%

 

18,331

 

18

Nsslglobal Limited

Satellite telecommunications activities

 

24%

79,342

 

19

Martin Grant (Holdings) Limited

 

Specialised construction activities (other than scaffold erection) n.e.c.

 

24%

 

86,101

 

20

Burwater Holdings Ltd

 

Sale of new cars and light motor vehicles

 

24%

 

26,639

 

 

Sussex Top 20 fastest growing mid-sized companies

Rank

Company

Activity

Sales CAGR over 3 accounting periods

Latest sales  £000

1

Envision Pharma Holdco Limited

 

A group engaged in pharm inc.

 

 

52%

 

 

81,255

 

2

ERG APC Group Limited

 

Manufacture of non-domestic cooling and ventilation equipment

 

 

49%

 

 

19,944

 

3

Forza Timber Technology Limited

 

Other manufacturing n.e.c.

 

 

39%

 

 

14,867

 

4

Runtime Collective Limited trading as Brandwatch

 

Computer consultancy activities

 

 

38%

 

 

29,100

 

5

Thakeham Homes Limited

 

Development of building projects

 

 

33%

 

 

19,247

 

6

Technetix Group Limited

 

Manufacture of electronic components

 

 

30%

 

 

118,523

 

7

Dudman Holdings Limited

 

Operation of gravel and sand pits; mining of clays and kaolin

 

 

28%

 

 

13,395

 

8

Melrob Group Holdings Limited

 

Wholesale of chemical products

 

 

28%

 

 

76,322

 

9

M R Stephenson Limited

 

Construction of commercial buildings

 

 

27%

 

 

39,716

 

10

Chandlers Building Supplies Holdings Limited

 

Agents involved in the sale of timber and building materials

 

 

27%

 

 

36,966

 

11

Focus 4 U Ltd.

 

Other telecommunications activities

 

 

26%

 

 

45,366

 

12

Dual Energy Group Limited

 

Trade of electricity

 

 

25%

 

 

63,232

 

13

Avtrade Holdings Limited

 

Other business support service activities n.e.c.

 

 

23%

 

 

113,631

 

14

Wilmoths Holdings Limited

 

Sale of new cars and light motor vehicles

 

 

23%

 

 

59,516

 

15

Inspiration Healthcare Group PLC

 

Manufacture of other electrical equipment

 

 

23%

 

 

14,323

 

16

Prime Education And Training Ltd

 

General secondary education

 

 

21%

 

 

38,266

 

17

Owen Contractors Holdings Limited

 

Development of building projects

 

 

20%

 

 

17,597

 

18

Posturite Ltd

 

Manufacture of office and shop furniture

 

 

18%

 

 

21,109

 

19

Paxton Access Group

 

Other manufacturing n.e.c.

 

 

18%

 

 

32,726

 

20

Wilson Process Systems Ltd

 

A group engaged in the manufacturing engineering equipment electrical and chemical engineering.

 

 

17%

 

 

12,005

 

 

Note to editors

Accountancy and business advisory firm BDO LLP provides integrated advice and solutions to help businesses navigate a changing world.

 

Our clients are Britain’s economic engine – ambitious, entrepreneurially-spirited and high growth businesses that fuel the economy. 

 

We share our clients’ ambitions and their entrepreneurial mind-set. We have the right combination of global reach, integrity and expertise to help them succeed. 

 

BDO LLP

BDO LLP operates in 18 offices across the UK, employing 3,500 people offering tax, audit and assurance, and a range of advisory services. BDO LLP has revenues of £405m and is the UK member firm of the BDO International network.

 

BDO International

The BDO International network provides business advisory services in 158 countries, with 68,000 people working out of 1,400 offices worldwide. It has revenues of $7.6bn.

 

Research data source

The source of the data for the research was FAME and included the financial information filed with Companies House for the three accounting periods prior to July 2017.

 

 

Contact

Tania Fensom

BDM BDO Gatwick & Guildford