We recently launched a new series detailing the fastest-growing companies in every country in the UK.
The UK is a major player in the business world, renowned for its vibrant and diverse economy, and each country —England, Scotland, Wales, and Northern Ireland—boasts its own unique economic strengths.
Based on our analysis, England had the highest total turnover at £794b. Whereas, Scotland’s heavy equipment and machinery, and civil engineering industries were particularly strong.
Northern Ireland had a higher total turnover (£22b) than Wales but Wales showed great strength in its repair, maintenance and servicing and manufacturing sectors.
Overall, each country brings something different but equally important to the UK business space.
Let’s take a look at the UKs high-growth landscape.
How we created our lists
To identify the fastest-growing companies in each country of the UK, we’ve calculated turnover growth between each company’s two most recent financial statements.
To be included in the analysis, a company must have had comparable statements for the last two financial years, reported at least £100k in turnover in their base financial statement, and hit one of our Growth Signals.
What are Growth Signals and how do we calculate them?
We know that just having data isn’t the answer — you also need to be able to interpret it.
That’s why we created Signals as a way to make our data easier to understand. Beauhurst Signals mean that our clients don’t need to be data analysts to do sophisticated work, they just need to hit a few buttons.
To determine Scotland’s fastest growing companies, we utilised Growth Signals. These are:
- Equity fundraising
- Debt fundraising
- MBO/MBI (Management buy out/buy in)
- Accelerators
- 10% scaleup
- 20% scaleup
- High growth lists
If a company is associated with any of these indicators, it will be assigned a Growth Signal.
