British Steel earns a place in the list of the UK’s top 100 profitable companies

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British Steel is on the Sunday Times HSBC Top Track 100 league table which ranks Britain’s 100 private companies with the biggest sales.

The Scunthorpe-based company is 49th in the table, and one of four businesses in the Yorkshire and Humber region to appear in the rankings based on 2017 performance. 

The full table features other high profile national brands including Aston Martin, Dyson, JCB and Specsavers.

It was published at the weekend in a six-page supplement with the business section of The Sunday Times, both in print and in the digital edition, and on www.fasttrack.co.uk

British Steel’s Chief Financial Officer Gerald Reichmann said: “We’re proud to have been named in the Sunday Times HSBC Top Track 100 league table alongside some extremely prestigious and successful companies.

“This ranking demonstrates how far we’ve come since our launch in 2016 and I’d like to thank everyone who has contributed to this, particularly our employees, customers, suppliers and other stakeholders.”

This is the 17th annual Sunday Times HSBC Top Track 100 league table, and includes 100 companies whose total combined sales reached a record £205bn, up an average of 16% on the previous year, with record total profits of £23.5bn, up by 10%. The league table is sponsored by HSBC, Linklaters and PwC and compiled by Fast Track, the Oxford-based research and networking events company.

Amanda Murphy, Head of Commercial Banking at HSBC UK, said: “Once again, Britain’s most ambitious private enterprises have shown their mettle by shrugging off uncertainty to grow at an even faster rate than the year before.

“The businesses in the Top Track 100 are an inspiration to all, showing just what can be achieved with entrepreneurial spirit and a determination to succeed. The four companies in Yorkshire and Humberside are the kinds of firms that provide the backbone of our economy, and we at HSBC UK are thrilled to see them thrive.”