2023
Warwickshire Limited
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Celebrating the county’s private companies
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We begin this report by reviewing the county’s 100 largest privately owned companies, based upon turnover, providing an insight into the scale of the Warwickshire privately owned business community. The report also showcases the 50 most profitable companies in the county, based upon earnings before interest, tax, depreciation and amortisation (EBITDA).
The collective results of the businesses included in this report demonstrate the evolving entrepreneurial nature of the Warwickshire region, but also its resilience given the challenges faced as a result of Covid-19, supply chain issues, and inflation, to name a few.
In years to come, we will look to compare data with previous Warwickshire Limited results in order to provide insight into trends in the region and the evolution of the various industries over time. This report will act as a tool which businesses can use to benchmark themselves against their peers and track the overall progress of the county’s economy.
About Warwickshire Limited
We are delighted to launch Grant Thornton’s inaugural Warwickshire Limited report, part of an annual series of business analysis by UK county. This initiative seeks to highlight and celebrate some of the county’s most successful privately owned businesses and provide them with the recognition they deserve for their contribution to the region and wider UK economy.
Our methodology explained
Warwickshire Limited 2023 is compiled using the most recent publicly available accounts (as of 31 December 2022) of Warwickshire’s private businesses.
The report excludes companies that are listed, owned by listed businesses, schools, trusts, charities, and businesses that are subsidiaries of overseas companies. We have then utilised this data to perform sectoral analysis in the region, seeking to gain an insight into the factors that are contributing towards the success of the most prevalent sectors.
Inevitably, there is an unavoidable time delay between the availability of data utilised and the ultimate presentation of this report, alongside differing year-ends to consider and of course the impact of the Covid-19 pandemic on like-for-like trading periods. All that said, we believe that the findings and analysis presented in this report provide a balanced snapshot of the county and we anticipate this to improve as reports are prepared in future years.
Nick Gillott
Partner, Head of Midlands
Corporate Finance
About Warwickshire Limited
Introduction
Top 100 at a glance
The top 100
50 most profitable
Industry snapshot
About Grant Thornton
Top 100 at a glance
Top 100 at a glance
£11.3bn
total turnover
+11.9%
total turnover increase from PY
+384.2%*
total EBITDA increase from PY
£7.2m - £3.4bn
turnover range
£700.2m
total EBITDA
43,237
total employees
Number of companies by sector
*Please note that prior year EBITDA was impacted as a result of Covid-19, resulting in a significantly inflated growth percentage in current year. This growth is largely driven by increased performance of the consumer and financial service sectors.
4
Technology, media and telecommunications
4
Healthcare, pharma and biotech
3
Financial services
14
Business
support services
14
Real estate and construction
20
Consumer
41
Automotive and industrials
Introduction
Top 100 at a glance
The top 100
50 most profitable
Industry snapshot
About Grant Thornton
The top 100
*Note: This report was updated and re-published on 27 April 2023 to amend the allocation of companies within the financial services and technology sector analysis. All other analysis remained as published in the original report.
*Note: This report was updated and re-published on 27 April 2023 to amend the allocation of companies within the financial services and technology sector analysis. All other analysis remained as published in the original report.
Warwickshire’s top 100 companies
Our top 100 list is compiled using the most recent publicly available accounts as at December 2022 and is based on those businesses which are registered within the county.
Introduction
Top 100 at a glance
The top 100
50 most profitable
Industry snapshot
About Grant Thornton
50 most profitable
Warwickshire’s most
profitable businesses
Alongside turnover, we have also looked at the 50 most profitable businesses in the county, excluding companies that are owned by overseas businesses.
Introduction
Top 100 at a glance
The top 100
50 most profitable
Industry snapshot
About Grant Thornton
Industry snapshot
Industry snapshot
£3,553m
total revenue
+5.4%
increase in total revenue from PY
£174m
EBITDA
+59.7%
increase in EBITDA from PY
10,714
employees
Top 3 businesses
LISTERS GROUP LIMITED
RYBROOK AUTOMOTIVE LIMITED
CEF HOLDINGS LIMITED
1.
2.
3.
-1.8%
decrease in employees from PY
Automotive and
industrials
Consumer
Real estate and construction
Business support
services
Financial
services
Healthcare, pharma
and biotech
Technology, media and telecommunication
£672m
total revenue
+61.4%
increase in total revenue from PY
£37m
EBITDA
+77.7%
increase in EBITDA from PY
5,255
employees
+11.3%
increase in employees from PY
MCLEAN RESTAURANTS LIMITED
I & A RESTAURANTS LTD
FARMERS FRESH LIMITED
1.
2.
3.
Top 3 businesses
£942m
total revenue
+46.3%
increase in total revenue from PY
£96m
EBITDA
+165.4%
increase in EBITDA from PY
1,769
employees
+3.9%
increase in employees from PY
GRS ROADSTONE GROUP LIMITED
BERICOTE GROUP HOLDINGS LIMITED
STEPNELL HOLDINGS LIMITED
1.
2.
3.
Top 3 businesses
£263m
total revenue
+13.5%
increase in total revenue from PY
£34m
EBITDA
+42.2%
increase in EBITDA from PY
3,989
employees
-8.1%
decrease in employees from PY
DK GROUP INVESTMENTS LTD
FILTA GROUP HOLDINGS LIMITED
OLIVE CATERING SERVICES LIMITED
1.
2.
3.
Top 3 businesses
£1,785m
total revenue
+5.1%
increase in total revenue from PY
£233m
EBITDA
+245.2%
increase in EBITDA from PY
4,266
employees
-0.3%
decrease in employees from PY
THE NATIONAL FARMERS UNION MUTUAL INSURANCE SOCIETY LIMITED
CIA INSURANCE SERVICES LIMITED
TURNER GROUP HOLDINGS LIMITED
1.
2.
3.
Top 3 businesses
£170m
total revenue
+7.7%
increase in total revenue from PY
£17m
EBITDA
-7.6%
decrease in EBITDA from PY
6,585
employees
+9.2%
increase in employees from PY
HOLT HOLDCO LIMITED (HELPING HANDS)
HOMES 2 INSPIRE LIMITED
CENTRAL ENGLAND HEALTHCARE (HOLDINGS) LIMITED
1.
2.
3.
Top 3 businesses
£3,902m
total revenue
+9.4%
increase in total revenue from PY
£109m
EBITDA
+12.7%
increase in EBITDA from PY
10,659
employees
+4.0%
increase in employees from PY
RIGBY GROUP (RG) PLC
TELENT LIMITED
KWALEE LTD
1.
2.
3.
Top 3 businesses
Introduction
Top 100 at a glance
The top 100
50 most profitable
Industry snapshot
About Grant Thornton
About Grant Thornton
*Note: This report was updated and re-published on 27 April 2023 to amend the allocation of companies within the financial services and technology sector analysis. All other analysis remained as published in the original report.
*Note: This report was updated and re-published on 27 April 2023 to amend the allocation of companies within the financial services and technology sector analysis. All other analysis remained as published in the original report.
*Note: This report was updated and re-published on 27 April 2023 to amend the allocation of companies within the financial services and technology sector analysis. All other analysis remained as published in the original report.
*Note: This report was updated and re-published on 27 April 2023 to amend the allocation of companies within the financial services and technology sector analysis. All other analysis remained as published in the original report.
*Note: This report was updated and re-published on 27 April 2023 to amend the allocation of companies within the financial services and technology sector analysis. All other analysis remained as published in the original report.
About Grant Thornton
What does a business need now? An adviser that offers a different experience. A better experience. One that delivers technical expertise and a service that goes beyond. Personal, proactive, and agile. That’s Grant Thornton.
27
UK offices
5,000
UK employees
200+
partners
62,000
people worldwide
55%
FTSE 100 are non-audit clients
£570m+
Turnover
Nick Gillott
T
E
+44 (0)7881 816 008
nick.f.gillott@uk.gt.com
Meet our Midlands team
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Corporate Finance
Matt Buckingham
Audit
T
E
+44 (0)7962 226 113
matt.j.buckingham@uk.gt.com
Harry Gabriel
Corporate Finance
T
E
+44 (0)7827 239 295
harry.gabriel@uk.gt.com
Contacts
Alex Hyde
Transaction Advisory Services
T
E
+44 (0)7866 696 409
alex.s.hyde@uk.gt.com
Dan Hartland
Private Tax
T
E
+44 (0)7971 084 385
daniel.hartland@uk.gt.com
Rachel Parker
Corporate Tax
T
E
+44 (0)7901 102 045
rachel.parker@uk.gt.com
Introduction
Top 100 at a glance
The top 100
50 most profitable
Industry snapshot
About Grant Thornton