Top 50 SMEs in North Derbyshire announced
BHP Accountants recently released their Top 50 survey of the most profitable SMEs in North Derbyshire, which showcases many of the region’s most successful businesses, that all contribute hugely to the local economy.
Download the Top 50 SMEs in North Derbyshire
The services and manufacturing sectors dominate the table this year, with the largest turnover figures of £272million and £130million respectively, followed by the wholesale sector which has a £118million turnover and the retail sector which has a £101million turnover.
Retail businesses have outperformed other industries this year, with a 13% increase in turnover, a 17% increase in pre-tax profits and a 43% increase in employee numbers. This is very encouraging news for the retail sector, which has demonstrated good growth patterns lately, after years of poor performance.
Overall the manufacturing sector has experienced a 3% fall in turnover, but an 8% growth in pre-tax profits, and 10% growth in employee numbers. With many companies in this sector reporting growth in profits and employee numbers, it’s largely very positive news for manufacturing, and this should enable further investment in the sector.
The services sector also continues to grow steadily, with an 8% growth in annual turnover, although there has been considerable pressure on profits, with a 13% annual decrease. This has therefore resulted in a decline in employment figures of 8%.
This year there have been 15 new entrants from varying sectors in the Top 50 table, the highest is for Pbst Limited, a financial services firm in 13th place, followed by Cloudbass Limited, which provides solutions to the broadcast market, and came 22nd in the table.
Dominic Staniforth, Partner at BHP Accountacts said “In general, it’s still a favourable fiscal environment for investment, with both the Capital Allowances and Annual Investment Allowance helping to support growth, and the continued low interest rate economy should help to encourage further growth and stimulate investment.
However, the uncertainty surrounding post Brexit implications for the economy will keep playing on many peoples’ minds, so we will have to wait and see what impact these factors will have on the attitude of business owners throughout 2017.”
” In summary, there will no doubt be both challenges and opportunities ahead for all of the companies in this year’s Top 50, but having worked with and advised many of them during my career, I am confident that these North Derbyshire SMEs will continue to succeed and benefit the local economy greatly. ”
