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Thursday, July 4, 2019 1 Annual Business Guide 2019 ABG PARTNERS ASSOCIATE SPONSORS Thursday, July 4, 2019 ANNUAL BUSINESS GUIDE 2019 31 Analysis TOP 150 COMpaNIES IN PKF FRANCIS DEVON AND CORNWALL CLARK MARKET BY SECTOR SHARE REVEALED THE Top 150 companies list gives a fascinating view of the business landscape in Devon and Cornwall. PKF Francis Clark have a number of reasons to celebrate their contribution to the region including: ■ Fee growth of 8% moves them up a place to 81st position ■ An even better showing when listed by number of employees (27th), with now over 600 people ■ Largest market share of audit services It is this last point that is perhaps the most revealing. PKF Francis Clark audited 36 of the top 150, three times more than the next regional firm. Whilst the scale of PKF Francis Clark is a significant growth story in itself, the main benefits to the region include: ■ Availability of local expertise Turnover band across a wider range of disciplines, delivered locally £250m and above £250m and above 12 ■ A business model that is £250m and above £100m - £249m 14 sustainable with fees reflecting local market rates £250m and above £60m - £99m 16 ■ Investment in core services £250m and above £50m - £59m 12 TOP 150 COMpaNIES IN DEVON AND and the systems to deliver them CORNWALL BY TURNOVER in a modern way, across all £250m and above £40m - £49m 33 markets £250m and above £30m - £39m 33 ■ Providing high-quality, £250m and above £20m - £29m 30 high-value employment across the South West £250m and above 150 ■ The benefit of the well- £250m and above respected PKF international network, enabling smooth £250m and above delivery of services worldwide £250m and above Being the largest regional firm by far is impressive, as is the £250m and above important contribution to the £100m - £249m region and the businesses £100m - £249m advised by PKF Francis Clark. £100m - £249m £100m - £249m £100m - £249m £100m - £249m £14bn –£100m -despite £249m Brexit worries £100m - £249m £100m - £249m he top 150 have generated a Over the last 12 months, the UK economy has been really put to the test, due to the storage and communication (4%) collective £14 billion in turno- £100m - £249m and agriculture, fishing, hunting and Tver in 2019, a 6% increase on impact£100m and - £249m uncertainty of the ongoing Brexit political debate. With the outcome forestry (3%). last year with revenues ranging from There is a trend between the £1.4 billion (2018: £1.35 billion) to still £100muncertain, - £249m it is encouraging that the top 150 Devon and Cornwall companies amount of revenue generated per £23 million (2018: £20 million). En- £100m - £249m employee and the sector. Wholesale couragingly 47% of the top 150 have have been remarkably resilient, showing strong and steady growth, writes and retail, manufacturing and prop- seen increases in their turnover by £100m - £249m erty and construction generally have 10% or more on the prior year. Duncan£60m Leslie,- £99m partner at PKF Francis Clark the highest revenue generated per Pennon Group plc (South West employee, with health and social Water and Viridor) tops the list and £60m - £99m work, and leisure and tourism hav- remains a clear leader in terms of companies£60m -from £99m the manufacturing more than 500 employees across 12 cessful businesses in Devon and ing the least. turnover, followed by Norton Group sector making up half of these being key industry sectors, the diversity Cornwall. As always, the top 150 analysis Holdings Limited (CDS Superstores Burts£60m Potato - £99m Chips Limited, Cmos- and stability of employment in the Wholesale and retail has the most provides a good summary of the International Limited – The Range) tores.com£60m Limited - £99m and Centek Hold- region is readily evident. significant contribution at 41%, with leading companies in our growing with Flybe Group plc making up the ings Limited. Pen Y Cymoedd Wind Based on the companies regis- The Range, Helston Garages Group region, but it does not give a full top 3. Farm Limited has had the biggest tered office, the top 150 are divided Limited and Mole Valley Farmers reflection on business and employ- Total employment by the top 150 impact out of the new entries, surg- Devon (77%) and Cornwall (23%) Limited leading the sector. ment. The list does not consider the stands at 75,000 (2018: 73,000) with ing up to 65th in its first year. which is an identical split to 2018. Manufacturing accounts for 24% impact of businesses that employ the top 20 contributing over half of The Range continue to show that Devon’s contribution to total turno- of the top 150, including Devonport large numbers locally but are based this with 39,000 employees. There they are the largest employer in ver for the current year is £11.4 bil- Royal Dockyard Limited, Dunbia (registered office address) outside of has been some movement in the top Devon and Cornwall, with a lion, a 5% increase on last year whilst (UK) and Norbord Europe Limited. Devon and Cornwall. We have also 20 with Norbord Europe Limited, 4,000-employee lead on the next Cornwall’s total turnover contribu- The third biggest sector is property not considered the significant influ- RNO Limited (Princess Yachts) and largest employer. Their latesttion for 2019 is £2.6 billion, which and construction at 9%, with Midas ence the public sector and not-for- Midas Group Limited all climbing accounts show employee numbers has increased by 7% on last year. Group Limited and Corserv Limited profit organisations have on employ- two places, but there have been no at 9,524, followed by Devonport There are 17 different key industry leading the way. ment in the region which are new entries. Royal Dockyard Limited with 5,515. sectors included in the top 150 Other key industry sectors include themselves cornerstones of life in There are eight new entries with With 20% of the top 150 employing which displays the variety of suc- business services (5%), transport, the South West. FP685-2019 Exp. 25.06.2020 Pavey Group is now Gallagher. T: 01392 880000 Insurance. Risk Management. Consulting. E: [email protected] 32 ANNUAL BUSINESS GUIDE 2019 Thursday, July 4, 2019 Top 150 Companies in Devon and Cornwall Latest Turnover Last Number of Employees 2018 Company Name County Accounts Date available year Last available year Sector 1 1 PENNON GROUP PLC Devon 31 Mar 2018 £1,396,199,936.00 5,014 Electricity, Gas or Water Supply 2 2 NORTON GROUP HOLDINGS LIMITED (CDS Superstores Int’l Ltd) Devon 28 Jan 2018 £869,276,992.00 9,524 Wholesale & Retail 3 3 FLYBE GROUP PLC Devon 31 Mar 2018 £752,600,000.00 2,159 Transport, Storage & Communication 4 4 DEVONPORT ROYAL DOCKYARD LIMITED Devon 31 Mar 2018 £734,204,992.00 5,515 Manufacturing 5 6 HELSTON GARAGES GROUP LIMITED Cornwall 31 Dec 2017 £608,667,008.00 1,093 Wholesale & Retail 6 8 MOLE VALLEY FARMERS LIMITED Devon 30 Sep 2017 £461,815,008.00 1,939 Wholesale & Retail 7 9 DUNBIA (UK) Devon 31 Dec 2017 £406,636,900.00 1,531 Manufacturing 8 11 NORBORD EUROPE LIMITED Devon 31 Dec 2017 £333,588,000.00 754 Manufacturing 9 10 CWC (UK HOLDINGS) LIMITED Devon 31 Dec 2017 £305,144,000.00 470 Wholesale & Retail 10 7 ACCORD-UK LTD Devon 31 Mar 2018 £278,144,992.00 658 Manufacturing 11 14 RNO LIMITED (Princess Yachts Ltd) Devon 31 Dec 2017 £274,446,016.00 2,407 Manufacturing 12 15 MIDAS GROUP LIMITED Devon 30 Apr 2018 £267,404,992.00 482 Property & Construction 13 12 WRIGLEY COMPANY LIMITED(THE) Devon 30 Dec 2017 £241,224,992.00 502 Manufacturing 14 13 VOSPERS OF PLYMOUTH LIMITED Devon 31 Dec 2017 £236,887,488.00 645 Wholesale & Retail 15 16 IMERYS MINERALS LIMITED Cornwall 31 Dec 2017 £193,106,000.00 1,033 Mining & Quarrying 16 18 ST.AUSTELL BREWERY COMPANY LIMITED Cornwall 30 Dec 2017 £169,307,008.00 1,553 Manufacturing 17 17 GREGORY DISTRIBUTION (HOLDINGS) LIMITED Devon 30 Sep 2017 £159,884,000.00 1,725 Transport, Storage & Communication 18 19 CORSERV LIMITED Cornwall 31 Mar 2018 £157,714,000.00 1,994 Property & Construction 19 20 CAMBIUM NETWORKS, LTD Devon 31 Dec 2017 £151,276,720.00 100 Telecommunications 20 21 APPLEBY WESTWARD GROUP LIMITED (Spar SW Distribution) Cornwall 30 Sep 2017 £131,968,129.00 164 Wholesale & Retail / Transport, Storage & Communication 21 22 DE VAN AUTOMOTIVE LIMITED (Grevan Cars Ltd) Devon 31 Dec 2017 £124,714,040.00 259 Wholesale & Retail 22 23 LIVEWELL SOUTHWEST CIC Devon 31 Mar 2018 £118,416,460.00 2,314 Health & Social Work 23 24 NEWCROSS HEALTHCARE SOLUTIONS LIMITED Devon 30 Apr 2018 £116,171,670.00 3,131 Health & Social Work 24 25 SCOT GROUP LIMITED Devon 31 Mar 2018 £116,062,000.00 1,437 Wholesale & Retail 25 29 TROY (UK) LIMITED Devon 31 Dec 2017 £105,059,552.00 61 Wholesale & Retail 26 27 PRO - DIRECT GROUP LIMITED Devon 31 Dec 2017 £101,940,467.00 421 Wholesale & Retail 27 28 WAINHOMES (SOUTH WEST) HOLDINGS LIMITED Devon 30 Jun 2018 £81,992,000.00 118 Property & Construction 28 30 HAWKINS HOLDINGS LIMITED Cornwall 30 Jun 2018 £81,736,370.00 236 Wholesale & Retail 29 31 TOSHIBA CARRIER UK LTD. Devon 30 Nov 2017 £80,454,000.00 248 Transport, Storage & Communication 30 26 CENTRAX HOLDINGS LIMITED Devon 31 Dec 2018 £74,379,974.00 304 Manufacturing 31 32 CHARLES ROBERTSON (HOLDINGS) LIMITED (Trago Mills) Cornwall 31 Dec 2017 £72,268,535.00 850 Wholesale & Retail 32 5 PENCARRIE GROUP LIMITED Devon 29 Dec 2017 £72,009,531.00 209 Wholesale & Retail 33 39 STILL MATERIALS HANDLING LIMITED Devon 31 Dec 2017 £69,016,000.00 213 Wholesale & Retail 34 51 GALPHARM INTERNATIONAL LIMITED Devon 31 Dec 2017 £68,753,000.00 70 Wholesale & Retail 35 34 CREDITON