Great British Boom
So Britain’s manufacturing, technology, construction and creative industries are thriving. Economic growth is generating and helping the great British Boom. Likewise, trends are showing more high-growth companies are now found outside London, with Scotland leading the way in terms of revenue growth, with its top firms driving up revenues by 80%. Similarly IT, telecommunications and the creative industries are also top performers this year. “There is a business revolution brewing in Britain,” said LSE chief executive Xavier Rolet. “A generation from now, we may look back and say this was the moment that business in Britain changed forever.” UK’s most successful firms are in the manufacturing, construction or engineering industries.
To summarize, Britain is now home to record numbers of new businesses, with more than 600,000 created last year alone. However, these firms need more financial support and guidance to survive.</>
The North Sea oil and gas sector has created hundreds of Aberdeen-based companies providing all kinds of support services to the industry. ROVOP, an underwater robotics company, launched four years ago to carry out tasks on the sea bed. Fortunately, the oil price slump hit many companies in the industry but not ROVOP. It has a turnover of £17m year on year. Aberdeen is a centre of engineering excellence and they sell that expertise all over the world. “Around 75% of our projects are outside the UK, and we work in Brazil, Africa and the Gulf of Mexico, creating real economic value for the UK because these are high-skill roles that are well paid.” explained Co-founder Steven Gray. Advanced technology is used underwater to carry out complex tasks, deploy sensors to check pipes, cut items, and see in zero visibility using complex sonar technology.
Fancy a Pint?
Continuum Group, which runs the Coronation Street tour which includes visiting the famous Rovers Return Pub saw sales increase to £18m. The 30-year-old business, which operates seven attractions across the UK, has benefited from the rise of social media . In addition, Pictures and posts about its tour have helped drive sales. A new trend is setting, where young people are spending money on experiences rather than material items. Continuum is looking to add more attractions to its portfolio in 2017. Directors of the York-based group said: ‘The tourism and visitor attraction industry demonstrated a strong year with the economy and consumer confidence picking up.In brief, driving higher spending, and the weather being favourable at key times.’
World’s Most Expensive Car
Tom Hartley’s luxury car business has featured in the 1,000 list third year running. The business runs from a 40-acre estate in Overseal, Derbyshire. Helping the world’s wealthiest find high-end performance cars. Achieving the sale of the most expensive vehicle ever sold from a showroom . A classic 1957 Ferrari 250, which went for $40m (£28.3m) in 2014. Apparently, customer service is key to their success, and catering for their customers on an individual level. Customers stay overnight, have hot meals and use spa facilities. Even a helipad is available. All things considered, Hartley’s group of companies turns over £200m and employs 100 people. The business even grew during the recession. Being entirely self relient in terms of funding, they buy at lower prices and then pass on to the customer. “We do well when the market’s good and better when it’s bad. The trick is never to get greedy.”said Hartley