B&M Retail leads profits charge
Liverpool discount retailer B&M Retail has topped the list of North West companies with the fastest-growing profits for a second year running, according to the annual Sunday Times PwC Profit Track 100.
The list names the UK’s top 100 private companies with the fastest-growing profits over the last three years.
B&M, which was formerly based in Blackpool, ranked at 11 in the list with an annual profit growth of 115 per cent over the past three years. In its last available accounts, for the year to 31 December 2009, B&M reported a pre-tax profit of £33.8m.
The business was one of eight in the North West made this year’s Profit Track 100.
Second in the list was Appsense, the Warrington software company which secured a £43m investment from global investment bank Goldman Sachs in February. It ranked 12th in the UK overall.
Accrol Papers was the third highest ranking North West business, having grown profits 83 per cent over the past three years. Earlier this week, Insider revealed that the business is set to invest £6m in new technology in a move that will create 50 new jobs.
Also making the list was Chester-based Meadow Foods (30th in the UK); Chess Telecom in Alderley Edge (49); Manchester-headquartered Airline Services (78); Blackpool’s Tangerine Confectionery (88); and Manchester-based Air Energi (89).
Alison Lever, partner and head of private business at PwC in the North West, said: “It’s great to see that so many local privately-owned companies delivering sustained profit growth and making such a positive contribution to the economy.
“These eight companies had combined profits of £76m and show how private businesses and their owners can help drive regional economic growth and development in the North West.”
Liverpool discount retailer B&M Retail has topped the list of North West companies with the fastest-growing profits for a second year running, according to the annual Sunday Times PwC Profit Track 100.
The list names the UK’s top 100 private companies with the fastest-growing profits over the last three years.
B&M, which was formerly based in Blackpool, ranked at 11 in the list with an annual profit growth of 115 per cent over the past three years.
In its last available accounts, for the year to 31 December 2009, B&M reported a pre-tax profit of £33.8m.The business was one of eight in the North West made this year’s Profit Track 100.
Second in the list was Appsense, the Warrington software company which secured a £43m investment from global investment bank Goldman Sachs in February.
It ranked 12th in the UK overall.Accrol Papers was the third highest ranking North West business, having grown profits 83 per cent over the past three years.
Earlier this week, Insider revealed that the business is set to invest £6m in new technology in a move that will create 50 new jobs.Also making the list was Chester-based Meadow Foods (30th in the UK); Chess Telecom in Alderley Edge (49); Manchester-headquartered Airline Services (78); Blackpool’s Tangerine Confectionery (88); and Manchester-based Air Energi (89).
Alison Lever, partner and head of private business at PwC in the North West, said:
“It’s great to see that so many local privately-owned companies delivering sustained profit growth and making such a positive contribution to the economy.“
These eight companies had combined profits of £76m and show how private businesses and their owners can help drive regional economic growth and development in the North West.
Image by Photographer GRAHAM SOULT www.CannyInsights.com
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