Glass recycler is star of Profit 100

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Glass Recycling UK is the highest ranked business in Yorkshire in an annual survey of companies with the fastest growing profits in Britain.

The Barnsley firm is an impressive eighth in this year’s Sunday Times BDO Profit Track 100 table.

The company processes up to 250,000 bottles an hour at its main depot in Barnsley, collected from 7,000 bottle banks across Britain. Under joint managing directors Michael Durr, aged 51, and Arran Sykes, 32, profits increased an average of 111 per cent a year to hit £6.3m in 2013.

Sheffield’s Abbey Forged Products was ranked 15 in the table - up from 89th last year. It reported 91 per cent annual profit growth over the three years up October 2013, to reach £17.2m.

Strata Homes in Doncaster is 51st on the list with 59 per cent profits growth up to £9.4m in the year to December 2013.

Just under half of the companies on the league table are headquartered in London, 26, and the Southeast, 19. Of the remainder, 11 are based in the North West, 11 in Scotland, 10 in Yorkshire, 6 in the South West, 6 in the West Midlands, 3 in the East of England, 3 in Northern Ireland, 3 in Wales, 1 in the East Midlands, and 1 in the North East.

The 100 companies on this year’s league table grew profits over the last three years by an average of 68 per cent a year to combined profits of £1.4bn.

Terry Jones, of accountants BDO, said: “Yorkshire’s most profitable companies have remained focused on sustainable growth by making intelligent investment decisions in innovation and overseas expansion.

“Our newly-named ‘Brittelstand’ has outgrown the German ‘Mittelstand’ of mid-market businesses.