SIG has lost its place as the region’s most profitable company for the first time since 2005 after recording losses of £55 million.
Last year, the Sheffield-based supplier of insulating, roofing and commercial interiors products retained its place as the region’s top company in the listing published by Star Business and leading independent accountancy firm Barber Harrison & Platt, despite a four-fold fall in profits.
The group still has the highest turnover and by far and away the most employees, but its place as the region’s most profitable company has been taken by Danaher UK Industries, part of the Washington-based Danaher Corporation, which makes products ranging from hi-tech instruments used in healthcare, environmental monitoring and industry to Allen keys and other mechanics’ and engineers’ tools.
After two years topping the Chesterfield table, Danaher UK Industries’ registered office relocated to Sheffield in 2009 and now the company has almost doubled its profits to become Sheffield and the region’s most profitable company.
Second and third place is taken by two Sheffield companies who first secured places in the Top 100 in 2008, but are among the top profit makers for the first time.
GRI Group, run by chairman and chief executive Graham Royle, sold a 70 per cent stake in its Hallam Beauty subsidiary to Swiss competitor Mibelle for more than £18 million last year and then acquired Manchester-based Libra Chemicals, which makes a range of chemicals used in industrial, personal care and household care applications.
GRI also owns TensaChem, which supplies ingredients used by manufacturers of products for the personal care, household care and industrial sectors, and Matrix Chemie, which specialises in the global sourcing and distribution of chemicals for the personal care, household care and industrial sectors.
Woodseats Close-based GRI retains a stake in Hallam Beauty, which makes a range of hair, skin and sun care, bath, body and grooming products for customers who include multi-national corporations and independent niche brand owners.
Westfield Health is a multiple award winning group which has increased its turnover from £21.1 million in 1996 to more than £53 million. The group, founded 90 years ago, provides health insurance for more than a third of a million policy holders through personal and corporate health plans and via intermediaries.
The company was named Best Healthcare Cash Plan Provider in the Health Insurance Awards in 2004, 2005, 2006, 2007 and 2010, when it also won the Customer Service Excellence Award, presented by the British Quality Foundation for Excellence and the 2010 North of England Excellence Award.