Clarkson Evans wins place on league table of Britain's fastest-growing profit stars
PUBLISHED: 11:44 06 April 2017 | UPDATED: 11:44 06 April 2017
Electrical contractor Clarkson Evans is a new entry at number 32 in the latest annual Sunday Times BDO Profit Track 100 league table, which ranks Britain's private companies with the fastest-growing profits over three years
Clarkson Evans, headquartered in Gloucestershire, was one of only seven companies based in the south west of England, and the only electrical contractor nationally, who made it onto this year’s list.
The fact that Clarkson Evans wired one in 10 new homes in 2016 was highlighted as part of the league table report.
All the companies included in the list were acknowledged to have made a strong contribution to the local economy.
“Our business philosophy has always been to ensure that profit does not end up being the tail that wags the dog, not to look at the figures first but to look at what is right and try to do that. Over 90% of our profits are retained and reinvested into growing the business and training the next generation of electricians as we strive to become the electrical contractor of choice for the house building industry,” said Chairman Steve Evans, who established the business 36 years ago.
“Our inclusion in the Sunday Times BDO Profit Track 100 league table proves that a business can be profitable whilst doing the right thing for its staff, customers and local communities,” continued Steve.
As the company’s profitability has grown so has its investment in apprenticeship recruitment – with vacancies currently being advertised at many of its 17 branches.
The league table and awards programme is sponsored by BDO and UBS Wealth Management, and is compiled by Fast Track, the Oxford-based research and networking events firm.
Andrea Bishop, partner and head of the southwest at BDO, the title sponsor of the league table, commented: “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’.”
The national picture
This year’s profit Track 100 companies achieved, on average, profit growth of 83% a year over three years, to a total of £1bn in 2015/16. Together they employ 47,700 staff, having added 17,300 employees to their combined workforce over the period, some as a result of acquisitions.
London is the most popular location for company HQs with 25, followed by the southeast (15).
Of the remainder, 13 are based in the northwest, eight in Scotland, seven in the West Midlands, seven in Yorkshire, seven in the southwest, five in Wales, four in the East Midlands, four in the East, four in Northern Ireland, and one in the northeast.
The full league table was published as a six-page broadsheet supplement with the business section of The Sunday Times on April 2, both in print and in the digital edition, and on www.fasttrack.co.uk.