2002 Profit Track 100
Rank: 69 Peninsula Business Services
When Fred and Peter Done bought 10 bookmakers' shops in Manchester in 1983, one of the staff refused to work to the brothers' new timetable. They sacked her, but she took them to an employment tribunal and won £4,500 in compensation.
The Dones were so horrified by what they regarded as an injustice that they set up a consultancy offering employment-law advice to small-business owners. Today the brothers claim that 11,000 businesses consult Peninsula on questions ranging from setting up personnel procedures to advising on how to deal with accidents at work.
Peninsula claims to put its money where its mouth is, covering the costs of clients who wind up at an industrial tribunal, provided they have followed its advice. With record numbers of cases being taken to employment tribunals - Peninsula alone is overseeing 2,500 at any one time - profits of the Manchester company have grown 33% a year from £2.2m in 1998 to £5.1m in 2001, when it had 333 staff.
Copyright © 2012.
This profile reflects the company at time of publication (as identified in top left-hand corner) and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.
Peninsula Business Services
Employment law consultancy
|Profit growth||33.47% pa|
|Location of HQ||Manchester|
* = annualised figures
‡ = draft accounts