THREE firms with their headquarters in Worcestershire have made it to the list of companies with the fastest-growing profits over the last three years.
The 18th annual Sunday Times BDO profit track 100 league table and awards programme has been compiled by Fast Track, an Oxford-based research and networking events firm.
There are seven West Midlands companies in the list, employing 2,300 staff and achieving combined profits of £63 million.
For the second time, Worcester-based Gtech has made the list. The appliance manufacturer, based at Shire Business Park in Warndon, makes cordless vacuum cleaners, sweepers, garden tools and an electric bicycle.
The popularity of its flagship AirRam vacuum helped profits grow by an average of 106 per cent a year to £9m in 2016.
A new entrant to the list is Brintons Carpets, founded more than 230 years ago in Kidderminster.
The group ran into financial difficulties in 2011 but has returned to strength in its key markets of Britain, Australia and Poland, and won major commercial projects including with P&O Britannia.
Profits grew by an average of 72 per cent at Brintons Carpets, to £9 million in 2016.
Worcester housebuilder Lioncourt Homes, is also on the list. In 2016 it completed the sale of 190 home, double the amount sold in 2015, and helping to see its profits grow by 99 per cent.
Among the other companies in the West Midlands on the list are Numeric Futures in Birmingham, Premier Group in Coventry, and Green Frog Power in Coleshill.
The companies in the West Midlands appear with businesses from around the UK, including restaurant operator Bill’s, bottled drinks manufacturer Radnor Hills and gym operator PureGym.
Richard Rose, partner and head of the Midlands at BDO, sponsor of the league table, said: “High-growth, mid-sized businesses played a leading role in the UK economic recovery after the global financial crisis.
"With Brexit and more uncertainty looming, it is companies like these with their natural energy, ambition and entrepreneurial spirit that will help the UK economy thrive.
"By supporting their growth, government would also be helping to achieve a more regionally balanced economy that ‘works for all’.”
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