News - 16 February 2015

Fast-growing firms in Nottingham ‘key’ to economic recovery

Fast-growing Nottinghamshire companies have been highlighted as being among those who are key to the UK’s economic recovery.

Recruitment specialist Staffline, car dealer Sandicliffe, print and design company WJ Linney, furnishing and upholstery designer Romo, and building firm J Tomlinson are among those highlighted in research by advisers and accountants Deloitte.

The firm’s Businesses Leading Britain report also recognised the contribution of JG Pears, which supplies the pet food industry; specialist engineering firm Avingtrans; printed label manufacturer Reflex Group; communications service provider Timico, law firm Freeths and Bowring Transport, which provides heavy haulage for construction and agriculture.

With combined revenues of £1.2 billion, between them these firms have grown by an average of 29 per cent over the last year and increased their employee head count by 21 per cent.

The Businesses Leading Britain report aims to provide an insight into the UK’s 1,000 fastest growing firms with annual revenues between £30 million and £1 billion. It examined the results of companies in the middle sector of the economy which are driving business growth, and specifically looked at who they are, where they are and what are the ingredients of their success

The report revealed an emergence of the East Midlands and the North West as hosts to an increasing number of fast-growing middle sector companies. Staffline, based on NG2 Business Park, saw its revenues to the end of December 2014 grow to £503 million, up 21 per cent from £416 million a year ago.

Chief executive Andy Hogarth, who expects his firm’s revenues to double by 2017, welcomed the results revealed by the report. “It’s great news for Nottingham and the East Midlands,” he said.

“It’s a huge amount of money for the local economy and it’s great that we have companies that are doing so well when we are only the eighth largest city.

“At Staffline, we aim to make sure we have really happy customers and profit comes from that. We grow because people like dealing with us.

“We set out to do the right thing for our customers. If we do that they will end up spending more money with us.

“I very much welcome this news and we are pleased to be a part of it.”

Mark Doleman, who heads up the Deloitte’s UK entrepreneurial business division, said the report showed businesses in the East Midlands were helping to lead the revival.

“There’s a group of businesses that have a disproportionate impact on growing revenue,” he said.

“The impact was pretty much similar between Nottingham, Leicester and Derby.”

Mr Doleman said there was further potential for growth of firms in Nottingham. He particularly highlighted the biosciences incubator BioCity as “starting to have an impact on the local economy”.

Source: Nottingham Post

Latest News & Events

27 September 2023

Ratio Technology Transforms Bike Component Manufacturing with Made Smarter Support

Read Article

22 September 2023

D2N2 leads highly successful launch of East Midlands Hydrogen

Read Article

21 September 2023

D2N2 CEO Will Morlidge shares his thoughts on East Midlands Hydrogen

Read Article

19 September 2023

Spotlight on our D2N2 Enterprise Advisers: meet Anna Smith, Enterprise Adviser, Da Vinci Academy, Derby

Read Article

14 September 2023

Spotlight on our D2N2 Enterprise Advisers: meet Amanda Stevenson-Bate, Enterprise Adviser, Derby Moor Spencer Academy, Derby

Read Article

07 September 2023

D2N2 Cornerstone Employers discuss the Social Value Act and the importance of supporting local schools in new film

Read Article

06 September 2023

Former ‘Megawatt Valley’ to metamorphose into hydrogen heartland with the launch of East Midlands Hydrogen – the UK’s largest inland hydrogen cluster

Read Article

05 September 2023

Derby Museums publishes report revealing the impressive social impact of the Museum of Making capital project

Read Article

31 August 2023

D2N2 is seeking delivery partners for Wave 5 of Skills Bootcamps in Digital and Green Skills

Read Article

22 August 2023

D2N2 Skills Bootcamps provider Althaus Digital rated Outstanding by Ofsted

Read Article

Get in touch.

Subscribe to get our latest updates.

Sign up
Address

D2N2 Local Enterprise Partnership
8 Experian Way
Nottingham
Nottinghamshire
NG2 1EP

Social

Our Partners