22 Scottish companies feature in Britain’s leading private mid-market growth companies table

Published this weekend, the 13th annual Sunday Times Grant Thornton Top Track 250 league table ranks Britain’s private mid-market growth companies with the biggest sales.

The 22 companies headquartered in Scotland (compared to 29 last year) have made a strong contribution to the local economy. The companies increased combined sales 15% to £5.7bn and operating profits 27% to £468m, and they employ more than 36,000 people.

The biggest mid-market growth company in Scotland is Glasgow-based City Facilities Management, which supplies air conditioning and refrigeration equipment to major UK retailers such as Asda. Sales have grown 33% to over £617m and operating profits have more than doubled to £15m due to key acquisitions and overseas expansion.

There are 8 entrants in Scotland that were not on the league table last year, including Scottish Leather Group, based in Bridge of Weir, whose leather is used on the seats of more than 160 airlines across the world; and Lasswade-based Dobbies Garden Centres, which was bought from Tesco last year for £217m by investors Midlothian Capital Partners and Hattington Capital.

Edinburgh-based housebuilder Miller Homes achieved the biggest profits in Scotland with £99m, up 31%. The company plans to build 4,000 homes a year by 2021 and in August, private equity house, Bridgepoint, bought a majority stake in the company in a £655m deal.

The companies in Scotland appear with businesses from around the UK, including Aston Martin, Holland & Barrett, Travelodge, Lush and PureGym.

The league table and awards programme is sponsored by Grant Thornton and Lloyds Banking Group, and compiled by Fast Track, the Oxford-based research and networking events company.

Vishal Chopra, Partner at Grant Thornton UK LLP, the title sponsor of the league table, praised the companies for their performance:

“The UK may be at a pivotal point in its history, but the Top Track 250 clearly demonstrates what can be achieved by exciting dynamic businesses. These companies think locally and act globally, they innovate to grow and embrace an entrepreneurial spirit that this country needs to secure a positive post-Brexit future. At Grant Thornton we are seeking to stimulate ideas and actions that can help shape a vibrant UK economy that thrives. We can all learn a lot from the Top Track 250.”

Ordered by county and rank: Mid-market private growth companies in Scotland

HQ locationCounty Rank

[2016 rank]

Company

Activity

Sales £m Profit £m^ Staff Year end Main shareholders
Fraserburgh

Aberdeenshire

230

[226]

Gray & Adams

Trailer & vehicle manufacturer

125 8 682 Apr 16 James Gray Jnr (43%), Peter Gray (43%), Marie Gray (14%)
Banffshire 197 Walkers Shortbread

Shortbread & biscuit maker

139 12 1,463 Dec 15 Walker family (100%)
Glenrothes

Fife

207

[220]

James Donaldson Group

Timber merchant

137 8 694 Mar 17 Donaldson family (85%), employees (15%)
Dunfermline

Fife

222

[246]

Scott Group

Industrial supplier

*128 *6 997 Dec 16 John Scott (76%), Norman Scott (24%)
Glasgow

Lanarkshire

Top 3 City Facilities Management

Facilities maintenance provider

618 15 11,844 Dec 16 Lord William, Lady Susan and Kenny Haughey (99%), other (1%)
Glasgow

Lanarkshire

142

[170]

GAP Group

Plant and tool hire

175 20 1,566 Mar 17 Douglas Anderson (37.5%), Iain Anderson (37.5%), Maureen Smith (20%), other family and management (5%)
Glasgow

Lanarkshire

155 RJ McLeod

Building contractor

166 17 459 Nov 16 Clarke family (48%), management (14%), other (38%)
Glasgow

Lanarkshire

216 Allied Vehicles

Adapted vehicle distributor

*131 *7 615 Apr 17 Facenna family (98%), other (2%)
Edinburgh

Midlothian

10

[15]

CALA Group

Housebuilder

587 84 810 Jun 16 Legal & General & Patron Haut LP (93%), management (7%)
Edinburgh

Midlothian

17

[13]

Miller Homes

Housebuilder

565 99 740 Dec 16 Bridgepoint (55%),  Shackleton Capital Partners (22%), Lloyds Banking Group (9%),  others (14%)
Edinburgh

Midlothian

157

[187]

Edinburgh Airport

Airport operator

164 62 602 Dec 16 Global Infrastructure Partners (>50%), management (<50%)
Lasswade

Midlothian

174 Dobbies Garden Centres

Garden centre operator

154 10 2,766 Mar 16 Midlothian Capital Partners & Hattington Capital (>50%), management (<50%)
Fochabers

Moray Firth

65

[93]

Baxters

Food producer

†294 †18 1,539 Apr 16 Audrey Baxter (38%), Andrew Baxter (25%), Baxter family trust (18%), Catherine Baxter (18%), James Baxter (1%)
Airdrie

North Lanarkshire

94

[106]

T.O.M. Vehicle Rental

Commercial vehicle hire

*235 *16 574 Mar 17 Equistone Partners Europe (>50%), Rafferty family and management (<50%)
Bellshill

North Lanarkshire

172

[209]

Advance Construction Group

Construction services provider

155 8 1,134 Mar 16 Seamus Shields (50%), Daniella Shields (50%)
Bridge of Weir

Renfrewshire

220 Scottish Leather Group

Leather manufacturer

129 8 599 Mar 16 Muirhead & Lang families (95%), employees (5%)
Selkirk

Scottish Borders

169

[244]

Spark Energy

Energy supplier

*158 *7 400 Jun 17 Limerston Capital (>50%), management (<50%)
East Kilbride

South Lanarkshire

139 Ethigen

Pharmaceuticals supplier

177 4 261 May 16 Andrea Kelly (50%), Nigel Kelly (50%)
Stirling

Stirlingshire

14

[21]

Robertson

Construction services provider

*579 *25 1,943 Mar 17 Robertson family (100%)
Stirling

Stirlingshire

203

[239]

Castle View

Leisure services manager

137 10 4,746 Mar 16 Martin Bell (95%), Caroline Bell (5%)
Broxburn

West Lothian

20 Eastern Western Motor Group

Car dealer

550 12 1,129 Dec 16 Douglas Brown (100%)
Bo'ness

West Lothian

156

[181]

James Walker

Timber merchant

*165 *14 640 Mar 17 Walker family (70%), John Campbell (24%), employees (6%)

^ Profit  = operating profit  * Supplied by the company  † Annualised figure

 

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