Total profits recorded by the region’s leading Small and Medium Sized Enterprises are higher than at any time in the last eight years.
After falling last year to around £105 million, total profits have climbed to almost £128 million - £25 million higher than after the recession struck in 2008.
However, the number of people employed by companies in this year’s Star Business/Barber Harrison & Platt Top 100 SMEs rankings are down on last year’s figure of 8,570 to 8,253, compared with a peak employment figure of 9,200 in 2007 which fell to 7,400 in 2009.
Meanwhile, the list of companies in the Top 100 has become more stable this year, with three out of five companies that reached the rankings last year still in the table, compared with only half the year before.
Two-thirds of the companies leaving the rankings have done so because profits have fallen, while four companies – Bawtry Carbon International, Abbey Forged Products, Asmet and Kiveton Park Holdings, are now too large to be included.
Four newcomers – Melett, Moorhen Holdings, Benchmark Holdings and EMSc – have gone straight in at the top of this year’s table, while Dransfield Properties and Glass Recycling (UK) have both risen more than 50 places up the table to join them among the top 10 profit makers.
This year sees a Barnsley company – newcomer Melett – top the table for the first time since 2007, when regeneration specialist St Paul’s Developments held the honours. Melett supplies replacement turbo charger parts to the motor trade and is a double Queen’s Award winner which supplies clients in more than 100 countries and last month opened a centre in Memphis, Tennessee to serve the US and Canadian markets and ship parts to customers in Mexico or South America.
Sheffield continues to dominate the Top 100 SMEs table, with 40 companies – slightly down on last year.
Doncaster has increased its representation by almost 50 per cent to equal North Derbyshire with 17 companies. Barnsley and Rotherham have 14 and 12 companies in the rankings respectively.