What does a company need to be considered an inspiration to Britain?
The London Stock Exchange (LSE) thinks it has the answer. In a report published recently LSE unveiled the ‘1000 companies to inspire Britain’ out of a total of 4.5 million companies. It comes as no surprise the list includes several recruitment firms too.
In order to be considered for the list UK firms were required to have a turnover of between £6-£250m and to demonstrate a growth in revenue in 3 out of the last 4 years. The list, created in collaboration with UK technology developer Growth Intelligence (GI), also analysed several other factors to determine a firms’ influence.
“At the core of the methodology was relative growth” said Tom Gatten, chief executive of Growth Intelligence. According to Gatten LSE and GI were “looking for companies that were growing much faster than their peers.”
The firms making the top of the list were deemed by LSE as ‘dynamic enterprises’ also known as ‘gazelle companies’ – in other words, companies perceived to drive economic growth.
The list features twenty three ‘inspirational’ staffing and recruitment firms among British small and medium enterprises (SMEs). Despite being the lowest performing geographical area a total of sixteen Welsh SMEs made the list, including two recruitment agencies. In comparison sixty one Scottish companies featured in the top 1000, making the inclusion of the two Welsh recruiting companies even more notable.
Over one hundred industry sectors are represented on the list which includes household names such as Jack Wills, Cath Kidston and Moonpig.
In terms of geographical spread the Greater London area accounted for a quarter of businesses on the list, with a total of 267 firms. The largest sector represented overall and across the geographical areas was manufacturing with 193 firms (almost one fifth of all companies) reinforcing the view that UK manufacturing is enjoying something of a renaissance.
In response to the publication of the list LSE chief executive, Xavier Role, said the “UK has some of the most inspiring growth businesses in the world.”