2023
East Midlands 200
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2023
Cambridgeshire
Limited
The fastest growing companies
in the East Midlands
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The 200 successful companies making it onto our list this year includes the highest level of first time entrants, but also includes many familiar names. The results highlight the evolving entrepreneurial nature of the region, but also its resilience given the challenges faced as a result of Covid-19, supply chain issues and inflation, to name a few.
Nottinghamshire continues to hold the highest number of businesses amongst the four counties in our top 200 with 67 companies, with the industrials sector performing particularly well. The 49 businesses featuring from Leicestershire have experienced the highest growth in profitability at 59.8%, with the lowest growth in headcount at 2.2%, testament to increased productivity, whilst Derbyshire and Lincolnshire’s fastest growing businesses have experienced the highest growth in headcount at 13.9% and 12.5%, respectively.
We are proud to present Grant Thornton’s East Midlands 200 and we wish all our top 200 businesses and the region continued growth and success in the coming financial year.
About East Midlands 200
We are delighted to reintroduce Grant Thornton’s East Midlands 200 report following a two year break. This year marks the 8th instance of the report and continues to celebrate the 200 fastest growing businesses across the four counties of Nottinghamshire, Derbyshire, Leicestershire and Lincolnshire.
How is the East Midlands 200 compiled?
Introduction
Top 200 at a glance
The 200
County snapshot
About Grant Thornton
Top 200 at a glance
The East Midlands 200 is a snapshot of the businesses which have delivered the greatest growth in reported EBITDA. Our ranking is based on reported EBITDA Compound Annual Growth Rate (CAGR) over a three year period, with a minimum threshold EBITDA of £1m in their latest accounting period.
The report has been compiled using the most recent publicly available accounts (as at September 2022) for companies which have their principal place of business and management in the East Midlands.
This report spans the ‘Covid years’ and consideration has been given to exceptional profits and the suitability of businesses sitting amongst a peer group which should be reflective of normalised EBITDA growth.
The survey excludes companies that are owned by overseas parent companies or where management and strategic decision makers are based outside the East Midlands. In addition, we have excluded ‘not for profit’ organisations, due to the purpose of these entities.
Nick Gillott
Head of Midlands
Corporate Finance
Top 200 at a glance
Top 200 companies
£9.7bn
reported revenue
£1.4bn
reported profitability
44,000
employed by top 200
11.1%
average revenue growth*
39.9%
average EBITDA growth*
9.4%
average employee headcount growth
Nottinghamshire
Derbyshire
Leicestershire
Lincolnshire
67
52
49
32
Industrials
Retail and leisure
Business support services
Healthcare
67
57
27
24
15
Technology media
and telecomms
10
Agricultural food and beverages
Regional breakdown
Sector breakdown
* Compound annual growth rate over a three year period
Introduction
Top 200 at a glance
The 200
County snapshot
About Grant Thornton
The 200
Our Top 200 list is compiled using the most recent publicly available accounts as at September 2022 and is based on those businesses which are both owned and managed within the East Midlands.
County snapshot
Note: 2019 was the last year the report was published before a three-year break to reflect a period of volatility as businesses navigated the Covid pandemic. We have included our entrants’ prior ranking from 2019, which is denoted in the (), to recognise sustained EBITDA growth.
Introduction
Top 200 at a glance
The 200
County snapshot
About Grant Thornton
County snapshot
Nottinghamshire
About Grant Thornton
Derbyshire
Leicestershire
Lincolnshire
67
total number of companies
£2.1bn
total revenue
42.7%
profitability growth*
17.7%
headcount growth
11,591
number of employees
Top 5 companies
Sector summaries
MYUNIDAYS LTD
PEDIGREE WHOLESALE LIMITED
LEEC HOLDINGS LIMITED
GREENTUBE UK LIMITED
Q UNDERWRITING SERVICES LIMITED
Industrials
Retail and leisure
Business Support Services
Healthcare
TMT
Agricultural food and beverage
20
17
10
10
7
3
52
total number of companies
£1.7bn
total revenue
46.1%
profitability growth*
13.9%
headcount growth
8,504
number of employees
M.M.D. MINING MACHINERY DEVELOPMENTS LIMITED
J.H. MOORE & SON (RICKMANSWORTH) LIMITED
I.GRUNWERG LIMITED
AQUAM WATER SERVICES LIMITED
ASG GROUP LIMITED
Retail and leisure
Industrials
Healthcare
Business Support Services
TMT
Agricultural food and beverage
17
14
9
7
3
2
Top 5 companies
Sector summaries
49
total number of companies
£2.4bn
total revenue
59.8%
profitability growth*
2.2%
headcount growth
12,405
number of employees
BOBBY'S FOODS LIMITED
SPECIALIST CARS HOLDINGS LIMITED
C.J. UPTON HOLDINGS LTD.
SAV-ECO PACKAGING LTD.
CELFONE TRADING LIMITED
Industrials
Retail and leisure
Business Support Services
Healthcare
TMT
Agricultural food and beverage
22
13
7
4
2
1
Top 5 companies
Sector summaries
32
total number of companies
£3.5bn
total revenue
30.5%
profitability growth*
12.5%
headcount growth
11,346
number of employees
POLYCO HEALTHLINE GROUP LIMITED
EMINOX LIMITED
DYNAMIC CASSETTE INTERNATIONAL LIMITED
BOSS CABINS LIMITED
OLDRID & CO.,LIMITED
Industrials
Retail and leisure
Agricultural food and beverage
Business Support Services
TMT
Healthcare
11
10
4
3
3
1
Top 5 companies
Sector summaries
Nottinghamshire
* Compound annual growth rate over a three year period
* Compound annual growth rate over a three year period
* Compound annual growth rate over a three year period
* Compound annual growth rate over a three year period
Introduction
Top 200 at a glance
The 200
County snapshot
About Grant Thornton
About Grant Thornton
We are the UK member firm of a global network that employs 62,000 people in 140 countries. We combine global scale with local insight and understanding to give you the assurance, tax, and advisory services you need to realise your ambitions.
27
UK offices
5,000
UK employees
200+
partners
62,000
people worldwide
6th
largest auditor - UK's top privately-held companies
215
M&A deals completed in 2022
Nick Gillot
Contacts
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E
+44 (0)7881 816008
nick.f.gillott@uk.gt.com
Grant Thornton in the East Midlands
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Head of Midlands, Corporate Finance
Tom Johnson
Associate Director, Corporate Finance
T
E
+44 (0)1156 979363
tom.c.johnson@uk.gt.com
Phil Sayers
Director, Audit
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E
+44 (0)7710 063363
phil.sayers@uk.gt.com
Contacts
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Leicester
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Alex Hyde
Partner, Transaction Services
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+44 (0)7866 696409
alex.s.hyde@uk.gt.com
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Partner, Head of Private and Tax
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+44 (0)7971 084385
daniel.hartland@uk.gt.com
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Partner, Tax
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+44 (0)7901 102045
rachel.parker@uk.gt.com
Jon Throup
Partner, Transaction Services
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+44 (0)7795 640443
jon.m.throup@uk.gt.com
Introduction
Top 200 at a glance
The 200
County snapshot
About Grant Thornton