Bondholder BDO launched its Derbyshire Growth Barometer at yesterday's Derby Property Summit, highlighting that Derbyshire’s fastest growing mid-sized companies have contributed almost £4bn in revenues in the last year, increasing 69% over the past three years.
The publication analyses the mid-sized market in the region, which boast turnovers ranging from £10m – £300m, and names the top 50 fastest growing businesses by average turnover growth in the last three years.
Fellow Bondholder Mortgage Advice Bureau topped the list with a phenomenal 534% growth over the past three years, leading the professional services sector to come out in first place for the fastest growing sector with an average growth of 107% overall, In addition, there has been a huge 88% increase in employment across the sector.
Professional services is closely followed by the manufacturing sector, which reported 100% growth in turnover and a 35% in job creation in the same time period.
Peter Brodnicki, Chief Executive of Mortgage Advice Bureau was interviewed as part of the report and said: “Although we have grown significantly since forming the company in Derby, our head office remains here as it is a great location to do business. Innovation and investment has been key to our business growth and we hope to continue to stay ahead of our competition”
BDO Partner Gareth Singleton, who heads up the Derbyshire team, was thrilled to see such a wide range of businesses featuring in the list: He commented: “Mid-sized, high-growth businesses are an essential and dynamic part of the county – yet these businesses are frequently overlooked and undervalued. We wanted to give a voice to these businesses and recognise these fast growing businesses.
John Forkin, Managing Director of Marketing Derby, said: “Being at the centre of the Midlands Engine provides a platform for trans-regional collaboration, leading to the attraction of new business investment to Derbyshire. We need to continue to be a centre of innovation and ask ourselves the big questions that help us adapt to a changing economy.”