19 Sheffield companies named in Yorkshire's top 150
19 Sheffield companies named in Yorkshire's top 150

From Insider Media, South Yorkshire Business News:

Sheffield is home to 19 of the region's biggest 150 companies, according to analysis by accountancy and business advisory firm BDO.

The companies generate combined revenues of £6bn and employ almost 25,000 workers.

Two Sheffield businesses have also been named in the top ten fastest growing in the region; Plusnet, which has increased revenues by almost 25 per cent to £140m, and retailer Go Outdoors, which has grown 19 per cent to £170m.

Construction giant SIG UK continues to be Sheffield's biggest company, generating revenues of £2.6bn and employing more than 10,000 people.

B Braun Medical, a manufacturer and distributor of healthcare products based on Brookdale Road, has entered the top 150 for the first time this year.

Appearing for the second year running – having made the list for the first time last year – is Plusnet, scrap metal exporters Van Dalen UK and Fennel Acquisition, the owner of Fletchers Bakeries.

The analysis comes from the BDO Yorkshire Report 2014, now in its eighth year, which compiles the latest published accounts from Yorkshire's largest 150 businesses based on revenue.

Craig Burton, partner at BDO in Sheffield, said: "There is an overwhelming feeling of confidence across the region and the figures in this year's report show that Sheffield businesses have continued their fight for growth and are now reaping the rewards.

"It's great to see such a good mix of sectors too, with manufacturing, construction, retail and technology companies from the city all performing well this year."

According to the BDO report, Yorkshire's largest 150 companies have increased revenues from £88.7bn to £90.7bn and boosted operating profits by 5 per cent to £4.56bn.

The top 150 have also amassed more than £10.4bn cash in the bank. These 'war chests' have increased sharply by 22 per cent on last year's figures, providing a signal that M&A activity could flourish over the next few years.

Patrick Abel, M&A partner at BDO in Sheffield, added: "Having built up cash reserves during the last few years, the challenge now is for management teams – many of which may not have the experience in dealing with a 'positive' cash crisis – to have the confidence and expertise to choose where to invest."

Sheffield companies in the BDO Yorkshire Report 2014 top 150:

SIG; Henry Boot; Arnold Laver & Co Holdings; Vasanta Group Holdings; ELG Haniel Metals; Insight Direct (UK); LuK (UK); Outokumpu Stainless; Jeld-Wen UK; Sheffield Forgemasters International; Gri Group; The Big Green Parcel Holding Co; Irwin Mitchell; Go Outdoors; Topco; Learndirect; Van Dalen UK Holdings; Plusnet; Fennel Acquisition; B Braun Medical.


News Tags