There is a major shake-up in The Star Business/Barber Harrison & Platt Top 100 SMEs ranking – thanks largely due to the expansion of the geographical area coverage to include the whole of the Sheffield City region.
Of the 50 newcomers, a 22 were outside the geographical area used in 2012.
A further nine are in the table after having previously submitted abbreviated accounts and eight, led by Sheffield-based T W Ward CNC Machinery, have boosted their profits sufficiently to gain a place this year after previously missing out.
A total of 34 companies have dropped out because the geographical expansion has pushed up the cut-off point.
In 2012, making a £464,000 profit would have secured an SME a place in the listing, but this year, the figure has risen to £625,000.
Three companies – Pricecheck Toiletries, One Call Insurance Services and Clytha Holdings have outgrown the SME definition.
Sheffield-based Pricecheck is the UK’s leading health and beauty clearance wholesaler.
Doncaster-based One Call joined the rankings last year after profits rocket following a large increase in sales, resulting from targeted marketing and competitive pricing.
Clytha was another Doncaster-based new entrant last year. The company is the holding group for Senior Architectural Systems, which develops and makes aluminium window, door and curtain walling systems.
All three now have turnover and assets that exceed the criteria for SMEs and, in One Call’s case, the company has also exceeded the criteria for the number of employees, too.
One company has left the listing after opting to file abbreviated accounts – something a business can do if it meets two of the following three criteria – its turnover is less than £6.5 million, it has less than £3.26 million on its balance sheet and it has fewer than 50 employees.