Report highlights 56 companies
Scotland’s dynamic firms top UK growth league
The third annual edition of the the London Stock Exchange’s 1000 companies to Inspire Britain identifies 56 Scottish companies (full list below) and says they are growing at a rate of 83%, beating all other parts of the country.
In spite of the downturn in the oil and gas sector the list includes 16 from Aberdeenshire. There are seven from Edinburgh. And despite the expansion in technology businesses, manufacturing and engineering represents the biggest single growth sector with 19 companies.
Among the Scottish firms are Aberdeenshire deep sea robot firm Rovop and South Lanarkshire based Border Biscuits (pictured).
The number of enterprises in Scotland grew by 7.8% between March 2014 and March 205, according to the research. It says Scotland is targeting a 50% increase in exports between 2013 and 2017 to £41.8 billion.
The report says 78% of fast-growing companies are headquartered outside London.
Xavier Rolet, chief executive of the LSE, says: “High growth SMEs are the driving force behind the UK economy, developing the skills, jobs and growth we need.
“But ambition along is not enough; their success must be highlighted and their growth properly supported with appropriate finance.
“Today’s celebration is fundamental to London Stock Exchange’s core, the need to support UK high growth companies in their journeys from start-up to stardom and to create an entrepreneurship revolution.”
Writing in the report, Scotland’s Deputy First Minister and Finance Secretary John Swinney (right) says: “This publication champions some of the most dynamic and ambitious companies in the UK. The Scottish Government is committed to ensuring that firms of this ilk – firms with aspirations to grow, innovate and create jobs – can thrive in Scotland.”
UK Business Secretary Sajid Javid adds: “From the Midlands to the granite city of Aberdeen, these 1,000 companies are bringing opportunity and prosperity to every corner of the UK.
“The Government will continue to back hard working entrepreneurs. That’s why we are cutting more red tape, boosting access to finance and reducing corporation tax.”
The report is backed by HSBC, Business for Growth Fund, and Cenkos Securities. Financial technology company DueDil, which conducted the research, identified the 1,000 companies by a combination of key financial performance indicators and sector benchmarks. Each company’s average annual turnover growth rate was calculated over a three-year period and any company with more than 20% deterioration in net assets over that time was excluded.
The full list of Scottish companies:
Hub North Scotland; Eng & constr; Aberdeenshire
Kiltearn Parners; Fin services; Edinburgh
AKP Scotland; Retail; South Lanarkshire
ATR Offshore Holdings: Oil & gas; Aberdeenshire
Rovop; Oil & gas; Aberdeenshire
Augean North Sea Services; Waste management; Aberdeenshire
AGR Automation; Manufacturing; Angus & Dundee
BrewDog; Food & drink; Aberdeenshire
Skyscanner; IT; Edinburgh
TOM Vehicle Rental: Vehicle retail; North Lanarkshire
Signature Pubs; Food & drink; Aberdeenshire
Renown Consultants; Employment services; South Ayrshire
Smart Metering Systems; Prof services; Glasgow
Albavet; Veterinary; Clackmannanshire and Fife
Indigovision; IT; East Lothian and Midlothian
CMS Enviro Systems; Manufacturing; North Lanarkshire
Muir Group; Real estate; Clackmannanshire and Fife
Fleming Buildings; Eng & constr; East & West Dunbartonshire; Helensburgh & Lomond
SAH; Transportation services; North Lanarkshire
Entier; Food & drink; Aberdeenshire
James Jamieson Construction; Eng & constr; Aberdeenshire
Adil; Oil & gas; Aberdeenshire
Benriach Distillery; Food & drink; Edinburgh
Community Wind Power; Specialist construction; Edinburgh
Stats (UK); Oil & gas; Aberdeenshire
Rubberatkins; Oil & gas; Aberdeenshire
Peak Scientific; Electronic manufacturing; Inverclyde, East Renfrewshire and Renfrewshire
The Underwater Centre (Fort William); Education; Lochaber, Skye, Argyll & Bute
Failte; Wholesale; Glasgow
JG Distillers; Food & drink; Inverclyde, East Renfrewshire, Renfrewshire
Rembrand Timber; Retail; Angus and Dundee
Specialist Waste Recycling; Waste management; Edinburgh
Jim Wilmer & Sons; Forestry & logging; South Ayrshire
Lomond Plant; Eng & constr; Falkirk
Hsb Holdings; Prof services; Aberdeenshire
The Crannog Concept; Travel; Lochaber, Skye, Argyll & Bute
Hawco & Sons; Vehicle retail; Locharber, Skye, Argyll & Bute
Moulded Foams; Manufacturing; Noerh Lanarkshire
Care Visions; Healthcare; Edinburgh
Bancon Developments; Eng & constr; Aberdeenshire
Kelvin Kbb; Building & landscape services; North Lanarkshire
Q-Mass; Metal manufacturing & eng; North Lanarkshire
Alfred Cheyne Eng; Manufacturing; Aberdeenshire
Norco; Electronic manufacturing; Angus and Dundee
RJ Mcleod; Eng & constr; Glasgow
Strathclyde Tyre Services; Retail; Inverclyde, East Renfrewshire and Renfrewshire
Luce Bay Plant Hire; Eng & constr; Dumfries & Galloway
KSW Engineering; Metal manufacturing & eng; Clackmannanshire and Fife
A Proctor Group; Eng & constr; Perth & Kinross, Stirling
Border Biscuits; Food & drink; South Lanarkshire
Stevenswood; Manufacturing; West Lothian
Opito Strategic; Oil & gas; Aberdeenshire
Insite Contracts; Eng & constr; East and West Dunbartonshire, Helensburgh & Lomond
Oliver Valves; Oil & gas support services; Aberdeenshire
Stewart-Buchanan Gauges; Metal manufacturing & eng; North Lanarkshire
The Scotch Whisky Heritage Centre; Food and drink; Edinburgh