Manufacturing firms are expected to feature prominently in an influential list which celebrates the pace-setters in Yorkshire’s businesscommunity.
The Yorkshire Fastest 50, organised by the Yorkshire Post in association with law firm Ward Hadaway, has been highlighting and celebrating the fastest growing companies across the region since 2011.
In the build-up to the 2014 Yorkshire Fastest 50 awards, analysis of previous years has revealed the growing influence of manufacturers and engineers.
The inaugural awards in 2011 saw seven companies from the manufacturing and engineering sector make the list, which ranks profit-making businesses according to their rate of annual turnover growth. Those businesses accounted for a total of just over £140m in turnover in the 2011 rankings.
In 2012, there were eight manufacturing and engineering companies accounting for £176.7m of total turnover and last year, there were 10 companies from that sector in the final 50, producing a total turnover of £191.6m.
The sector also provided one of the three award winners in 2013 with Magma Ceramics and Catalysts named as the Fastest Growing Medium Sized Company.
The Dewsbury-based company makes ceramics and catalysts for a range of industrial applications and has customers across the world, as well as manufacturing operations in Brazil and Vietnam.
The full A to Z list of the 2014 Yorkshire Fastest 50, along with information on their activities, will be revealed in the Yorkshire Post next month.
Awards will then be handed out to the fastest growing small, medium and largebusinesses at an awards ceremony in March, with one of those three winners also being crowned Yorkshire’s overall fastest growing business.
[Yorkshire Post]