Latest Top Track 100 findings: record sales

5th July 2019

Our 18th annual Top Track 100 ranking shows that the UK’s private companies with the biggest sales are making a vital contribution to the British economy. Combined sales grew 14% to a record £220bn, while profits also hit a new high, increasing 15% to £24.6bn.

See below for an overview.  

For detailed findings, download our research report, or click the image below for the full supplement 

 

 

Top of the league 

From engineers and house builders, to whisky distillers and online retailers, Britain’s biggest private companies are thriving in an era of political uncertainty. The companies on our 18th annual Sunday Times HSBC Top Track 100 have achieved record sales and profits.

There were 13 new companies on the league table. Sales ranged from £747m to £26.9bn, with 78 companies increasing their annual turnover and 63 growing their profits year-on-year.  The 100 companies employed 959,100 people, having added 36,100 jobs in the past year. To find out more, view the full supplement.

 

Focus: Disruptive business models

(Pictured: The Hut Group founder Matt Moulding)

 

While many of the companies on this year’s Top Track 100 are well-established household names, we are also seeing examples of companies with disruptive business models – drawing on new technology solutions or methods of financing – posing a challenge to incumbents, with many finding overseas backers to help them expand.

Examples include The Hut Group (No 72), the online beauty retailer which now has more than 165 websites and recorded sales growth of 24.5% last year to £916m. Meanwhile, Ovo Energy (No 85) was founded in 2009 to challenge the Big Six energy firms with a focus on environmentally friendly power.  It now supplies 1.5m UK households and sold a 20% stake to Mitsubishi in a February deal which valued the Bristol company at £1bn.

 

Survey results

Fast Track conducted a survey between April and June this year asking the companies whether they intended to increase their UK workforce; whether they were investing in automation; and if trading conditions were stronger than a year ago.

  • 62% said they planned to increase their UK workforce
  • 83% said they were investing in automation
  • 51% said that trading conditions were stronger than a year ago, despite ongoing Brexit negotiations.

 

Detailed research findings 

Detailed research findings are covered in our 27-page research report — please click to download.

 

Directors’ networking events

We look forward to welcoming the founders and directors of the Top Track 100 companies to this year’s invitation-only networking events in October and November in London, when we will be holding three dinners and a lunch to celebrate the companies’ success.

(Pictured: INEOS co-owner and director Andy Currie and Fast Track’s founder Hamish Stevenson)

 

Our sponsors

Recognising the achievements of all these companies is made possible by our sponsors: HSBC, our title sponsor for a sixth year; and our main sponsors Linklaters and PwC.

To meet and build relationships with the founders and directors of the UK’s most successful private companies, from the fastest-growing to the biggest, see available sponsorship opportunities.

 

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