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Five South West firms named in list of UK’s richest companies

Written by admin July 4, 2019 0 comment

Ovo Energy,The Range, Specsavers, Clarks and Dyson feature in Sunday Times HSBC Top Track 100 league table.

Four South West and Channel Isles companies have made it into the list of the UK’s biggest private sector firms – with a combined profit of about £1.3billion.

The five – Ovo Energy, The Range, Specsavers, Clarks and Dyson – feature in the 18th annual Sunday Times HSBC Top Track 100 league table, which ranks Britain’s 100 private companies with the biggest sales.

The five companies headquartered in the South West and Guernsey have made a significant contribution to the regional economy.

Together they achieved sales of £10.4billion and profits of £1.3billion in their latest financial year, and employ more than 69,000 people. The region’s top-ranked company is bag-less vacuum cleaner maker Dyson, at number seven in the UK in total, up two places on 2018. it is technically still based in Malmesbury, Wiltshire, but moved its headquarters to Singapore earlier this year and stressed it is continuing to invest in its UK sites, including a £200million expansion of its Wiltshire research hub to accommodate 2,000 workers and vehicle testing tracks. Sales grew 24% to £4.4billion in 2018, and the firm, owned 100% by Sir James Dyson and family, has announced a profit of £1.1billion.