RUSSELL Taylor Holdings Ltd continues its dynamic rise as a major force in the regional economy after being named as one of London Stock Exchange Group’s 1,000 Companies to Inspire Britain.
The report is an annual celebration of the UK’s fastest-growing and most dynamic small and medium-sized businesses. To be selected for the list, companies need to show consistent growth over a minimum of three years, significantly outperforming their industry peers.
Inclusion in the 1,000 Companies to Inspire Britain report for 2019 comes after the engineering, logistics, and construction recruiter earlier this year topped the FAST 500 list to become the UK’s fastest-growing privately-owned recruitment company.
Russell Taylor Holdings’ chief executive Ben Russell said: “To be included in this list of some of the most high-powered and innovative companies in the country is a huge honour for us, particularly after our recent achievement to head the national FAST 500 list.
“The past couple of years have been the most challenging in our history yet we have constantly stuck to our ideals centred on everything we believe in as a privately-owned business with our roots firmly in the North West.
“Our expansion has been remarkable and due in no small measure to our unrivalled service in an operation that’s staffed by a happy, passionate and fulfilled workforce, all of us committed to strong regional economic growth.”
Russell Taylor Holdings Ltd, whose national headquarters are at Burton Manor, Wirral, has subsidiary companies of Russell Taylor Group, Recruit Right, Nexus People, NMS Recruit, Assist Resourcing and Perpetual Partnerships, spanning employment sectors in engineering, construction, industrial, commercial, transport, logistics and distribution.
The group employs around 457 staff and in 2018 had revenue of more than £113 million.
London Stock Exchange Group’s 1,000 Companies to Inspire Britain 2019 report includes businesses representing more than 40 sectors and operating in every region across the UK. To build the list, the financial technology company duedil combined key financial performance indicators and sector benchmarks, resulting in a unique and varied list of the UK’s most dynamic companies.
Congratulating the companies named in the report, David Schwimmer, chief executive of London Stock Exchange Group, said: “Ensuring that dynamic growth companies can realise their potential is vital to the UK’s future prosperity. Small and medium-sized enterprises – accounting for 60 per cent of all private sector employment – drive growth, innovation and job creation and are the lifeblood of the British economy.
“In the context of wider macro-economic uncertainty, supporting these businesses is critical to economic success and the creation of a society that works for everyone.”
1,000 Companies to Inspire Britain 2019 features companies from a range of sectors and regions, reflecting the entrepreneurial drive seen across the UK. More than two-thirds of the companies – Russell Taylor Holdings among them - are newly identified in the report.
While services account for about 80 per cent of UK GDP, the report showcases the depth and breadth of high-growth British businesses across all sectors. The top five industries, accounting for 44 per cent of the list, are Engineering & Construction, Information Technology, Retail, Manufacturing and Healthcare. London and South East England continue to have the greatest number of companies, followed by North West England, East of England and the West Midlands.
Overall revenue growth of the companies featured in the report was 108 per cent, up significantly from 70 per cent last year.
David Schwimmer added: “This trend is a real cause for celebration and is a measure of the immense contribution that these companies make to the economy overall.
“Companies in this year’s report together created 95,827 jobs over the past two-year period, a 39 per cent increase compared to last year’s report. This is positive and the potential for further job creation is clear, with studies estimating that even just a 1 per cent increase in the number of high-growth companies would represent an additional 238,000 jobs.”