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Birmingham Post
Birmingham Post
Business
Laura James

Revealed: The Midlands firms named in list of Britain's biggest private companies

A food producer, a betting company and a construction equipment manufacturer are among the Midlands companies recognised in a prestigious league table.

In total, 13 firms in the Midlands have made it into this year's Sunday Times HSBC Top Track 100 - which ranks Britain's 100 private companies with the biggest sales.

The region's top-ranked company is Staffordshire digger-maker JCB which boasts a 10,000-strong workforce.

Ranking at number 11, JCB enjoyed profits of £266 million and sales of more than £3.4bn for the year end December 2017.

Just behind JCB at number 12 is the Birmingham-based 2 Sisters Food Group, which boasts brands such as Fox's, Holland's and Matthew Walker.

The food producer employs more than 21,000 staff and up until July 2018, boasted sales of £3.3bn and profits of £115 million.

Other companies featured in the table include Stoke-on-Trent gambling-giant bet365 which was ranked at number 16.

The company - which employs more than 4,200 people - saw its turnover grow by 25 per cent to £2.9bn in 2018 as customers in more than 100 countries bet on 160,000 live sporting events.

Together, the Midlands firms in this year's league table achieved sales of £23.4bn and profits of £1.6bn in their latest financial year, and employ more than 83,000 people collectively.

Elsewhere, well-known British names such as Clarks, Iceland, John Lewis Partnership, Nando's and Specsavers also made this year's list.

In total, the 100 companies reached a record £220bn in sales - up 14 per cent on the prior year - and total profits of £24.6bn.

Amanda Murphy, head of commercial banking at HSBC UK, said: "Once again, Britain’s most ambitious private enterprises have shown their mettle by shrugging off uncertainty, growing their combined sales 14 per cent to a record £220bn.

"It's reassuring that UK businesses are navigating change so confidently and the companies in the Top Track 100 are an inspiration to all.

"The 13 companies in the Midlands are the kinds of firms that provide the backbone of our economy, and we at HSBC UK are thrilled to see them thrive.”

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