Investec ranks fastest growing Mids firms
Mid-sized businesses in the Midlands have been named among some of the fastest growing in the UK, according to a new report by banking and asset management group Investec.
The inaugural Investec Mid-Market 100, prepared in conjunction with DueDil, has ranked the UK's fastest growing private companies. The list will be updated twice a year to showcase the strength of Britain's mid-market.
The Midlands was named the joint-strongest region outside of London and the South East, and accounted for 11 per cent of the ranking along with the South West.
Nottinghamshire civil engineering company P Hughes Construction was ranked at 20, the highest Midlands company, followed by Oswestry egg farmer Oaklands Farm Eggs Ltd at 33.
Birmingham company MV Kelly was placed at number 66, along with fertiliser importer Thomas Bell & Sons and Chesterfield Poultry, who made the list at 72 and 79 respectively.
Boston-based Pilgrim Foodservice, animal feed producer J.E. Porter, Total Computer Networks, John Pointon & Sons, Olympus Distribution and Staples (Vegetables) also featured.
Ed Cottrell of Investec, said: "The UK mid-market contributes nearly £1trn of revenues annually and up to a quarter of private sector employment, and it is important that its contribution is understood and recognised. Through analysis such as the Investec Mid-Market 100, we hope to develop greater appreciation for this vital part of our economy.
"It is great to see mid-market growth coming from all four corners of the UK and across a broad range of industry sectors."
Damian Kimmelman, founder and chief executive of DueDil, added: "As they're less visible than quoted companies, unlisted private medium-sized businesses are often seen as high risk and can be outgunned when seeking finance, pitching for contracts, attracting the best talent or applying for leases.
"Investec and DueDil have been working to address this problem. The Investec Mid-Market 100 and associated Investec Mid-Market Index demonstrate what insights can be derived when you properly organise and contextualise the information around the UK’s most high-performance private companies."