Fastest growing businesses highlighted in new report

Dr Martens features in the top 25 fastest growing business in the East Midlands
Dr Martens features in the top 25 fastest growing business in the East Midlands

Businesses from Corby, Wellingborough and Kettering are among the fasest-growing in the East Midlands.

A report that highlights the top 200 firms for growth in the region features 36 from Northamptonshire.

Wellingborough-based Ray Mallock Ltd, a specialist motor racing car manufacturer, takes sixth place in the whole region - registering a 81 per cent growth per year.

In the top 25 are National Accident Helpline Group, based in Kettering Parkway, at 19th place. They registered 52 per cent annual growth.

Corby’ CRP Packaging was 24th, with growth of 45 per cent.

Dr Marten’s, based in Wollaston, also had growth of 45 per cent and was 25th on the list.

The report was compiled by business and financial advisers Grant Thornton, in partnership with the Confederation of British Industry.

The East Midlands Top 200 report provides a detailed financial analysis of the region’s 200 fastest growing companies which are managed and run from the East Midlands.

Northamptonshire comes out on top in turnover and profit contribution, but is only second as a top employer with 37,500 people employed. The county’s employers have increased workforces during the period, by a net 33 percent, and awarded average pay rises of over four percent.

Presenting the East Midlands Top 200 findings was Phil Sayers, partner in Grant Thornton’s Leicester office. He said: “The survey carries out a detailed analysis of the financial performance of the region’s 200 fastest growing companies providing a snapshot of the health of the East Midlands economy.

“The top 200 focuses on the companies run and managed from the East Midlands, ranking them based on profit growth over a three year period commencing 2009/2010. In this period, the East Midlands Top 200 increased profits at a rate of 25.7 percent per year to approximately £3.5 million, no mean feat especially in a period when UK GDP fell an average three percent per annum.

“These businesses have done really well to outperform the market and deliver strong sustained growth, which is a testament to the East Midlands’ economy.

Also in the top 50 were IM Kelly, which manufactures interior car trim, at Kettering Business Park. They were 31st on the list.