London Stock Exchange identifies the ‘1000 Companies to Inspire Britain’
Study profiles fastest-growing and most dynamic small firms across the UK
The London Stock Exchange (LSE) today released a landmark report, which it says profiles the top 1000 fast-growing and dynamic small firms across the UK.
The ‘1000 Companies to Inspire Britain’ report, produced in conjunction with office space provider Workspace Group, Capita Asset Services, Octopus Investments and others, undertook a wide-ranging review of the 4.5 million private companies in the UK in order to find what the CBI terms the ‘gazelle’ companies most responsible for driving economic growth.
To be considered for inclusion in the report, businesses had to demonstrate a turnover of between £6m-£250m in the last 12 months and a minimum of three years trading.
Companies were not only measured on demonstrable revenue growth and job creation but on factors including patents filed, growth in office space and performance against sector peers, giving what the LSE claimed was a truer reflection of the highest-performing companies.
The 1000 companies, which included takeaway ordering site Just-Eat, leading film producer Aardman Animations and Startups 100-listed wine retailer Naked Wines, were deliberately unranked as the LSE said ranking them would quickly render the list out of date.
Broken down by region, London companies made up more than a quarter of the listed businesses, with 267 firms from the area listed, followed by the North West with 110 companies.
London led the list on almost all factors, including start-up rates, density of businesses and high-growth firms across all sectors, and Chris Perioni, operations director of report sponsor Workspace, said it reflected a trend the company was seeing across the capital: “Workspace has had increases in enquiries from the areas outside of central London, for example, 25% more of our daily enquiries are coming from South London area and 20% from West London.
“The success of Workspace as a business is being driven by the growth among these new and growing companies in London.”
The recent resurgence in British manufacturing output was also reflected in the report: almost a fifth of companies (193) were in manufacturing, higher than any other sector.
105 companies from the UK’s fast-growing tech industry made the list, ranging from app developers to data centres and high-end hardware developers.
West Midlands-based aerospace and engineering companies made up 33 of the listed companies, showing the growth of strong performers in the niche sector.
Jamie Hopkins, chief executive officer of Workspace, said: “This report supports our own first-hand knowledge and suggest that it is time to identify and celebrate a grouping of new and growing companies (or NGCs) that share the same characteristics and energy and are pulling away from the broad SME pack.
“These companies and their dynamic leaders are having a significant impact on the UK’s employment creation and economic growth – it is time that these high growth companies have the focus they deserve.”
A full searchable database of all the listed companies can be found on the 1000 companies website.