Pontefract-headquartered kitchen manufacturer Ultima named on the 19th annual Sunday Times BDO Profit Track 100 league table
Mon 09 Apr 2018
Pontefract-headquartered kitchen manufacturer Ultima named on the 19th annual Sunday Times BDO Profit Track 100 league table, a ranking of Britain's private companies with the fastest-growing profits over three years.
Six Yorkshire businesses, which include four new entrants, together employ 6,000 staff and have achieved combined profits of £114m.
Featuring for the second time is Leeds-based PureGym, which operates 200 branches. In November 2017, chief executive Humphrey Cobbold led a buyout backed by US private equity firm Leonard Green & Partners, which acquired a majority stake. The deal valued the group at more than £600m. Profits grew by an average of 69 per cent a year to £37.1m in 2017.
Among the new entrants is Sheffield-based Cooper & Turner, which manufactures industrial fasteners, such as industrial bolts, nuts and washers, in Sheffield, China and the US. In August last year, chief executive Tony Brown led a buyout backed by US private equity firm Watermill Group, which acquired a majority stake for an undisclosed sum. Profits grew by an average of 57 per cent a year to £9.2m in 2017.
The other new entrants are Ilkley-based mechanical and electrical contractor NG Bailey and and healthcare software developer TPP, based in Leeds. Barnsley-based furniture supplier Symphony is once again featured.
Terry Jones, partner and head of Yorkshire at BDO, the title sponsor of the league table, said: "These high-growth, high-energy and highly-entrepreneurial companies will be the difference between success and failure in our post-Brexit economic future.
"These businesses are playing their part by recording strong levels of revenue and profit growth and by creating jobs. We'd like to see the government do more to help them by focusing on skills, infrastructure investment and tax simplification."
The league table and awards programme is sponsored by BDO and UBS Wealth Management, and is compiled by Fast Track, the Oxford-based research and networking events firm.