Fast growing Scottish companies to inspire Britain

Left to right: McLaren Packaging directors and brothers Michael and Donald McLaren – the company plans to continue growing and reinvesting. Photo: Paul Hampton.

Scotland was in the top three areas to show the biggest increase in the number of companies from the 2019 report – at 58 – according to the latest edition of the list published by the London Stock Exchange Group (LSEG).

He identified the UK’s “most dynamic and fastest growing” small and medium-sized enterprises (SMEs), and said they show regional and sectoral diversity as well as strong innovation.

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In total, the 1,000 companies recorded an average annual revenue growth rate of 41.2% and generated more than 42,000 jobs in the two years to December 2019.

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More than a quarter come from across Scotland and the north of England, and the companies north of the border selected in the featured business spotlight include telecommunications company Commsworld and Smart Metering Systems, known as of text messages.

Ricky Nicol, chief executive of Commsworld, told The Scotsman the company was delighted with the accolade. “Our inclusion as a Featured Business recognizes Commsworld’s incredible journey from Edinburgh-based disruptor to one of the UK’s largest telecommunications network providers, delivering cloud, security and voice solutions, and operating the nation’s largest privately funded optical core network.”

It added that it provides “innovative and highly complex” digital infrastructure and unified communications to large organizations in the UK, driving “significant” revenue growth. “We now look forward to continuing this upward growth trajectory and unlocking exciting new opportunities for Commsworld in the months and years to come.”

Glasgow-based SMS chief executive Alan Foy said being recognized on the list is “a testament to the energy, commitment and hard work of everyone at SMS”. He added: “We are fully focused on delivering the smart metering agenda while accelerating the uptake of carbon-reducing assets, which are key to achieving the UK government’s zero-carbon ambition.

Troubled background

And as he noted, the achievements of the companies included come amid the unprecedented challenges of 2020. LSEG Managing Director David Schwimmer said, “This report highlights the vital role of SMEs in driving economic growth. , innovation and job creation across the UK.

He also said it is more important than ever to shine a light on these stories of resilience and entrepreneurship. “The success of UK SMEs is crucial as we rebuild a post-Covid-19 economy.”

One Scottish company on the list that has been classified as an essential business after the coronavirus outbreak due to its role in the food and drink supply chain is Inverclyde-based McLaren Packaging.

It was set up by James McLaren, the father of the current directors, to supply corrugated cases to the whiskey industry, and has achieved a turnover of over £30 million, with over 230 employees. and five sites in central Scotland.

He added that over the past five years, 100% of profits have been reinvested in the business to make it sustainable, and that it is “here for the long term with our focus firmly on continued growth and reinvestment”.

Ideagen, the software group cited by Aim with a major presence in East Kilbride, also highlights its bullish outlook. Managing Director Ben Dorks said the company was “proud and honoured” to be on the LSEG list, and was able to adapt and continue to grow. “Our inclusion in this report is a fantastic recognition of our hard work and an endorsement of our belief that our business is well positioned to face the future with confidence.”

The report states that the full list of Scottish companies and their respective sectors is as follows:

AC Whyte & Co – engineering and construction

A&D logistics – logistics

Adarma – professional services

Agritrac Exports – agriculture

Algo – engineering and construction

Astrak – services to industry

Bennett Group – automotive

BrewDog – food and drink

Bruce Taverns – hospitality

Campion Homes – engineering and construction

Ceramic import and manufacturing company – wholesale

City technical services – energy

Commsworld – telecommunications

Community wind – energy

Cyclops electronics – wholesale

DR Collin (Fish) – food and drink

Dem-Master – engineering and construction

Edwin James Holdings – engineering and construction

Emergency One – manufacturing

Empteezy – manufacturing

Gordon & Macphail – food and drink

Greig Engineering – engineering and construction

Ian Macleod – food and drink

Innis & Gunn – food and drink

J & S Montgomery – farming

Kiltane Retail – retail

Lindemann Healthcare – health care

Loch Duart – food and drink

Lorimer nursing homes – health care

McLaren packaging – packaging

Morris Leslie – engineering and construction

Motive Offshore Group – manufacturing

MV Commercial – transportation services

NWH Group – waste management

Odfjell Drilling Shetland – oil and gas

RAM Tubulars Scotland – engineering and construction

Richard Austin Alloys – wholesale

Richmond Group – financial services

Scotia double glazing – manufacturing

Groupe Scott – services to industry

Smart metering systems – energy

Startline Motor Finance – automotive services

Sulaire – food and drink

Summit platforms – engineering and construction

TP Niven – transportation services

Tarak International (Clothing Quiz) – retail

The Artisanal Spirits Company – food and drink

The Signature Pub Group – hospitality

Thomas Sherriff & Co – agriculture

Robust construction – engineering and construction

Weir & Mcquiston (Scotland) – engineering and construction

West Coast Motors – transportation services

WGM Engineering – engineering and construction

Windhoist – engineering and construction

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