Published this weekend, the 19th annual Sunday Times HSBC Top Track 100 league table ranks Britain’s 100 private companies with the biggest sales, and before COVID-19 struck.
Although some are planning to make substantial job cuts as a result of Coronavirus, it highlights their continuing contribution to the economy at this difficult time. It also gives
examples of how they have stepped up to support their communities and the NHS.
The three companies headquartered in Yorkshire have made together achieved sales of £3.3bn and profits of £628m in their last financial year, and collectively employed more than 8,700 people.
Examples of positive responses to the COVID-19 crisis include Stoneacre Motor Group (No 75), which closed its 51 dealerships during the lockdown but kept key vehicle workshops open to service NHS and emergency workers.
Yorkshire Water (No 65) prioritised emergency assistance to people with health issues. It provides water and waste services to 5m domestic customers across Yorkshire, operating more than 62,000 miles of pipework and reporting £1.1bn sales in 2019.
The region’s top-ranked company is Bradford car dealership JCT600 (No 52), which reported £1.3bn sales in 2018 and also prioritised NHS staff for repairs. It has reopened its 48 showrooms across the north of England with strict social distancing measures in place.
The companies in Yorkshire appear alongside well-known British names, including bet365, Dyson, Iceland, JCB, John Lewis Partnership, Nando’s and Specsavers.
This year, the 100 companies reached a record £237bn in total sales, up 8% on the prior year, with total profits of £28bn, up by 7%. Three in four companies (74) increased sales in their latest financial year.
The league table programme is sponsored by HSBC and Linklaters, and compiled by Fast Track, the Oxford-based research and networking events firm.
Amanda Murphy, Head of Commercial Banking, HSBC UK, said: “Uncertainty and volatility remain watchwords in the current climate but we at HSBC UK are confident that Britain’s business leaders, such as those at the helm of the Yorkshire companies on this year’s Top Track 100, will rise to the challenge. The country has found new reserves of energy in the
face of adversity and the businesses that can harness that energy and pace of change will thrive in the ‘new normal’.”