The report found real estate was the fastest growing sector with an average annual revenue growth rate of more than 100%, closely followed by engineering and construction at 91%.
Among those real estate companies named today in LSE’s 1000 Companies to Inspire Britain report are the Welbeck Estate, Native Land, and Oakford Homes.
The LSE report includes companies growing at an average rate of 70% a year, higher than the average of 50% last year. It was also found that fast-growing companies appear across all UK regions, with over half of the companies from outside of the South East, with 35% of companies coming from the Northern Powerhouse and Midlands Engine regions. Scottish companies continue to be the fastest growing with 91% annual average revenue growth.
The composition of companies in the report showed high growth in both traditional industries and more recent economic success. The most successful sector was Engineering and Construction sector with 134 companies in the report, followed by Financial Services with 82.
The number of retailers featured in the report wasp by 12% compared to last year, as a result of resilient consumer spending. Meanwhile, the UK’s reputation as a centre for high tech industry was underlined by a 20% increase in the number of SMEs drawn from the IT industry.
The Greg Clark, the secretary of state for business, energy and industrial strategy, said: “I want to congratulate the 1000 companies from across the UK featured in London Stock Exchange Group’s pioneering 1000 Companies to Inspire Britain report. Championing high growth innovative SMEs is crucial for the continued success of the UK economy and a country that works for everyone. We are committed to ensuring that companies of all sizes can access finance to grow, scale-up and create high quality well-paid jobs across the country.”
Xavier Rolet, chief executive of the LSE, added: “Four years on, LSEG’s ‘1000 Companies to Inspire Britain’ report continues to highlight the dynamic, entrepreneurial and ambitious businesses across the country that are boosting UK productivity, driving economic growth and creating jobs. The strength and diversity of these companies is readily apparent with a broad mix of UK regions and sectors represented. These companies are the very heart of an ‘anti-fragile’ economy: more robust; more flexible and less prone to boom and bust. We must ensure we continue doing all we can to support high growth potential businesses like these.
“London Stock Exchange Group is fully committed to supporting and implementing initiatives which improve access to and cut the cost of finance for growing companies. We welcome the Government’s focus on supporting SMEs as part of its Industrial Strategy and await the outcome of its review into long-term patient capital.”
A full searchable database of all of the companies along with a downloadable pdf of the publication can be found online at www.1000companies.com. The report is supported by Business Growth Fund, Cenkos Securities and HSBC. DueDil is the LSE’s research partner for the report.
REAL ESTATE COMPANIES IN THE LIST
First Property Group
House Buyer Bureau
Lee Baron Group
St Pier Group
Strategic Team Group
Tristan Capital Partners