EnerMech, Global Energy among top 250 UK companies for growth

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Six north and north-east businesses have been listed among the top 250 companies for growth in the UK.

Aberdeen-based EnerMech, Stewart Milne Homes, Dingbro, Global Energy, Baxters and Gray and Adams will all feature in the Sunday Times’ Grant Thornton Top Track 250 table this weekend.

The league ranks Britain’s private mid-market growth companies with the biggest sales.

The figures show the 20 companies headquartered in Scotland (compared to 22 last year) have made a strong contribution to the local economy as the firms’ increased combined sales rose 16% to £4.5 billion and operating profits 27% to £400m.

The businesses collectively employ more than 27,000 people across Scotland.

The table showed the biggest mid-market growth company in Scotland is housebuilder Miller Homes.

The Edinburgh-based group plans to build 4,000 homes a year by 2021, up from the 2,775 it completed last year, helping sales grow 19% to £675.2m, with profits up 27% to £130.7m.

There are 11 entrants in Scotland that were not on the league table last year, including engineering services provider EnerMech, which was founded by five colleagues in 2008 using £20m of seed capital from management and private-equity group Lime Rock Partners; and clothing and homeware retailer M&Co, based in Strathclyde, which has nearly 300 outlets worldwide and plans to open at least 60 new stores by 2022.

The companies in Scotland appear with businesses from around the UK, including Travelodge, Trainline, PureGym and The White Company.

The Top Track 250 is sponsored by Grant Thornton and Lloyds Banking Group, and compiled by Fast Track, the Oxford-based research and networking events firm.

Andrew Howie, partner at Grant Thornton UK, praised the companies for their performance.

He said: “Advances in robotics and artificial intelligence, the pervasive challenge of cybercrime, and the uncertain impacts of Brexit are among the significant issues facing Britain today.

“If we are to continue turning innovative ideas into businesses with international scale, we all need to play our part in shaping a vibrant economy that thrives.

“In this, the role of the mid-market is crucial. Resilient despite the headwinds, the Top Track 250 are innovating, winning business and adapting to generate value. There is much to learn from them.”