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Black Country Strategic Companies Barometer

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Black Country Strategic Companies Barometer Black Country Strategic Companies Barometer November 2013 1 Introduction A Business survey conducted in Sandwell identified that businesses with a turnover of £1m and over are significantly more likely to grow. 622 companies in the Black Country with a turnover of over £1m have been selected on this basis1. A significant proportion of these companies are based across our five transformational sectors – Advanced Manufacturing, Building Technologies, Transport Technologies including Aerospace, Business Services and Environmental Technologies. These sectors are vital to the reduction of our £6.2bn output gap with the national economy. Value to the Black Country Economy2 Gross Value Added GVA Number of These firms generate approximately £5.1bn (GBP) Companies of the Black Country’s Gross Value Added > £500m 1 (GVA) with 4 of these companies (Carillion Plc, RAC Limited, Homeserve and Azzurri £100-499m 8 Holdings Limited) generating £1.5 billion. £50-99m 5 The total GVA in the Black Country equates £20-49m 21 to £17.4 billion. £10-19m 32 Ensuring these companies remain in the Black Country and continue to grow is £5-9m 86 fundamental to the Sub-Region’s economy £1-4m 385 and addressing the £6.2 billion output gap. Unknown 84 Turnover Turnover Number of (GDP) Companies These 622 companies have a combined > £500m 6 turnover of approximately £23bn. £250-499m 3 6% of these strategic companies had a £100-249m 26 turnover of £100m or more. £50-99m 46 44% of these companies have a turnover of £20-49m 97 less than £10m. £15-19m 60 £10-14m 98 £5-9m 135 £1-4m 140 1 These companies have been identified using the Bureau Van Dijk’s FAME database, which is based on information submitted to Companies House. This data has been cleansed to reduce duplicates and dormant companies. Only the holding company has been included. The search was based on companies with head quarters in the Black Country. 2 Please note data on these companies needs to be interpreted with caution as not all of the economic benefits will be to the Black Country economy. The data is based on the full company which may have branches outside of the Sub-Region. 2 | P a g e Jobs Number of Employees Number of Number of These 622 companies employ approximately Employees Companies 165,000 people. 500+ 42 68% employ between 10 and 250 people. 250-499 41 36% of these companies employ less than 50 100-249 141 people. 7% of these companies employ over 500 50-99 143 people. 10-49 139 There are currently 432,300 workforce jobs in 0-9 35 total in the Black Country. Unknown 81 Sectoral Analysis Number of Major Sector Companies 473 (75%) of all strategic companies Manufac- machinery, equipment, 100 are in one of the 5 transformational furniture, recycling sectors identified in the Black Country Manufac- metals & metal products 104 as shown below. Manufac- food, beverages, tobacco 11 Manufac- chemicals, rubber, 31 A significant proportion of these plastics, non-metallic products strategic companies are based in the Manufac- wood, cork, paper 10 advanced manufacturing sector Manufac- textiles, wearing apparel, 3 (43%) - 267 companies. Within this leather sector the manufacturing of metals Construction 55 and machinery, equipment, furniture Publishing, printing 3 and recycling are the dominant Remediation activities and other 1 activities, accounting for 33% of all waste management services strategic companies (204 companies). Repair and installation of machinery 3 and equipment The business services sector is also Transport 19 well represented amongst these Post and telecommunications 3 companies, accounting for 15% of all Hotels & restaurants 12 companies. Wholesale & retail trade 134 Banks 3 Insurance 2 Other Services 128 Total 622 Priority Sectors3 Priority Sectors No of Companies 2013 Advanced Manufacturing 267 Building Technologies 54 Business Services 95 Transport Technologies 51 Total 467 3 Environmental Technologies companies are cross cutting and based across sectors. 3 | P a g e The Black Country also shows strength in High Value Manufacturing4, with 50% (316) strategic companies belonging to the sector. Employment within the sector is also high at 90,000, which translate to a Location Quotient of 1.57, higher than any other Local Enterprise Partnership area in the country. 4 This is a combination of the advanced manufacturing, environmental technologies and transport technologies sectors. 4 | P a g e Location There is a relatively even split of strategic companies across the four Black Country local authorities. Dudley and Sandwell have a higher proportion of these companies (27% and 31% respectively) than Walsall and Wolverhampton (20% and 22% respectively). Local Authority Number of High Growth Companies Dudley 171 Sandwell 192 Walsall 122 Wolverhampton 137 5 | P a g e Appendix A- Strategic Company List Company name Cluster Local Authority A & J Mucklow Group P L C Business Services Dudley A C Steels Ltd Advanced Manufacturing Walsall A P B Painting Services Limited Building Technologies Dudley A&H Construction & Developments (Holdings) Limited Building Technologies Dudley A. Hingley Transport (Brierley Hill) Limited Transport Technologies Dudley A. MIR & CO. Limited Wholesale & Retail Trade Sandwell A.Clarke & Co.(Smethwick)Limited Transport Technologies Sandwell A.F.Blakemore And Son Limited Wholesale & Retail Trade Walsall A.K. International (Imports & Exports) Limited Wholesale & Retail Trade Dudley A.K.Hughes Limited Advanced Manufacturing Dudley A.Perry & Co.(Hinges)Limited Advanced Manufacturing Sandwell Abbey Spuncast Limited Advanced Manufacturing Walsall ACB U.K. Limited Transport Technologies Wolverhampton Accura Group Limited Advanced Manufacturing Wolverhampton Acenta Steel Realisations Limited Advanced Manufacturing Wolverhampton Acerinox (U.K.) Limited Wholesale & Retail Trade Walsall ACL (2002) Limited Advanced Manufacturing Sandwell Acorn Venture Limited Other Services Dudley Adam Jones Investments Limited Transport Technologies Dudley Adas Group Limited Business Services Wolverhampton Adepto Group Limited Business Services Dudley ADI Treatments Limited Advanced Manufacturing Sandwell Aeroplas (U.K.) Limited Advanced Manufacturing Sandwell Aerotech Inspection & NDT Limited Business Services Sandwell Agir Haddecilik International LLP Wholesale & Retail Trade Dudley AIP Catering Limited Hotels & Restaurants Dudley AL Building Systems Limited Advanced Manufacturing Sandwell Albert Jagger Holdings Limited Transport Technologies Walsall ALF Bushell & CO. Ltd Wholesale & Retail Trade Wolverhampton Allied Maxcut Engineering CO. Limited Business Services Dudley Alloy Wire International Limited Advanced Manufacturing Dudley Alucast Limited Advanced Manufacturing Walsall Alutrade Can Recycling Limited Advanced Manufacturing Sandwell Amber Shearing Limited Advanced Manufacturing Sandwell AMG Industries PLC Business Services Dudley Ancol Pet Products Limited Advanced Manufacturing Walsall Andrews Sykes Group PLC Business Services Wolverhampton 6 Angle Ring Holdings Limited Advanced Manufacturing Sandwell Anglo-Holt Group Limited Business Services Sandwell Anker Homes Limited Building Technologies Sandwell Anochrome Group Limited Advanced Manufacturing Wolverhampton AP Lifting Gear Company Ltd. Wholesale & Retail Trade Dudley Apic UK Limited Advanced Manufacturing Sandwell Apollo Chemicals Group Limited Advanced Manufacturing Dudley Aqualux Products Holdings Limited Wholesale & Retail Trade Walsall Aquila Truck Centres Limited Transport Technologies Walsall Arbour Lodge Limited Other Services Wolverhampton Arcelormittal Distribution Solutions UK Limited Transport Technologies Wolverhampton Arcelormittal Tailored Blanks Birmingham Limited Advanced Manufacturing Sandwell Argus Fire Protection Company Limited Building Technologies Dudley Arthur M Griffiths & Son (Holdings) Limited Business Services Wolverhampton Asbestos Abatement Services Limited Building Technologies Walsall Ascom (UK) Ltd Wholesale & Retail Trade Walsall Aspire Defence Services Limited Business Services Wolverhampton Assa Abloy Limited Advanced Manufacturing Walsall Astec Europe Limited Advanced Manufacturing Dudley Astrad Limited Hotels & Restaurants Wolverhampton ATB Special Products Limited Advanced Manufacturing Sandwell Aurubis UK Ltd Advanced Manufacturing Sandwell Autorite Industries Willenhall Limited Transport Technologies Wolverhampton Autosales Limited Wholesale & Retail Trade Wolverhampton Avanti Fitted Kitchens (Holdings) Limited Advanced Manufacturing Dudley Azzurri Holdings Limited Other Services Walsall B & J Distribution Limited Wholesale & Retail Trade Walsall B & W Holdings Limited Other Services Walsall B. E. Barker Limited Building Technologies Wolverhampton B. Shakespeare & Company Limited Wholesale & Retail Trade Dudley B.B. Price Limited Advanced Manufacturing Dudley B.E. Wedge Holdings Limited Advanced Manufacturing Walsall B.E.S. Limited Wholesale & Retail Trade Wolverhampton B.G.N. Boards Company Limited Wholesale & Retail Trade Sandwell B.S.C. (Diecasting) Limited Advanced Manufacturing Walsall B.S.T. Supplies & CO Ltd Advanced Manufacturing Wolverhampton B.T.C. Activewear Limited Wholesale & Retail Trade Sandwell Bailey Employment Services Limited Other Services Dudley Baldwins Holdings Limited Business Services Walsall 7 | P a g e Bargain Foods Ltd Wholesale & Retail Trade Wolverhampton Barhale PLC Building Technologies Walsall Barlow Motors Limited Transport Technologies Wolverhampton Barnfather Wire (Midlands) Limited Advanced Manufacturing Walsall Baylis Automotive
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