For the fifth year running Sandwell Council has published details of the borough’s 50 fastest growing businesses. In the report four companies reveal how they grew their turnover, even through a time of political and economic uncertainty.
The Top 50 Fastest Growing Companies Index 2019 was released (Thursday 13 July) by Think Sandwell – Sandwell Council’s initiative to boost local businesses.
The report was launched at the Sandwell Business Awards, presented by actor, singer and weather presenter Des Coleman at Sandwell College in West Bromwich.
Celebrating the achievements of Sandwell’s rising stars, the index lists the 50 top-ranked companies in Sandwell in terms of rate of growth in turnover.
Sandwell’s stars for 2019 have a combined revenue of £2.44bn. Collectively they employ over 11,400 people.
Every one of the 50 companies featured demonstrated 10% or greater growth in turnover over the past year. Eleven of them showed growth of more 30%.
Direct Corporate Clothing Plc in Oldbury – the company topping the index – had grown by staggering 70%. According to DCC’s head of business development Graham Dobson, this was down to the company’s ‘super product portfolio’, innovation and excellent customer service.
“Our manufacturing capability in Sri Lanka sets us apart from our competition, offering flexibility, expertise and full control over our costings,” he explained. “We also have an amazing supply chain partner portfolio with whom we are continually bringing new streams of innovative products to market”.
In the report three further businesses reveal what boosted their turnover this year, citing investments in premises and people, new product launches, a change in strategy and, in the case of manufacturers Ash & Lacy, a commitment to exceeding regulatory requirements.
Councillor Yvonne Davies, Leader of Sandwell Council, congratulated all businesses listed in the Top 50.
“It is wonderful to see businesses thriving and creating jobs for local people in Sandwell, which continues to be an ideal place to set up, run and grow any enterprise, large or small. Located at the centre of England with excellent access to major motorway networks, and close to the UK’s second city, our borough is a gateway to the rest of the world. We are blessed with a skilled workforce,” she said.
“Something I find particularly remarkable is that 46 of the Top 50 this year are categorised as small to medium sized enterprises. SMEs are the lifeblood of our UK economy; one of the many reasons Sandwell Council works hard throughout the year to nurture them”.
You can download the Top 50 index, which contains a full table of statistics and four case studies, at http://www.thinksandwell.com/top-50-fastest-growing-companies-index/.
