TOP 100: Big guns pile on jobs and profits

They account for 112,000 jobs in Sheffield City Region and made profits of almost £500million last year - the figures show that business is booming for our 100 biggest companies.

Wednesday, 18th May 2016, 10:42 am
Updated Wednesday, 18th May 2016, 10:46 am
John Sutcliffe, Henry Boot chief executive

The Star’s annual analysis of the Top 100 companies by turnover reveals the big players are making money and making jobs.

Published in association with accountants and financial advisers Shorts, the most recently filed accounts show total turnover is £17.6billion, pre-tax profits are £454million and they boast 112,682 employees.

It marks a significant improvement in fortunes on 2013 when the Top 100 slipped to a £291m loss and employed 82,086.

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In Sheffield, the 15 most profitable companies have grown profits by 43.57 per cent in the last year to £197m.

It is a similar story in Barnsley and Rotherham where pre-tax profits are up more than 50 per cent.

Only Doncaster has gone backwards - profits at its 10 leading firms fell 10 per cent to £59m this year.

Sheffield City Region’s biggest building firm is in the vanguard of growth.

Henry Boot reported a 14 per cent increase in profit before tax to £32.4m in the year ended December 31 2015.

The firm is expecting to start £500m of commercial activity in 2016, concluding over the next four years, mostly pre-sold and almost all pre-let. Henry Boot companies are involved in a string of high profile developments across the region including a £42m scheme in Stocksbridge, the £100m Better Barnsley town centre project and Markham Vale business park in Chesterfield. The firm is busy right across the country with jobs in Aberdeen (£300m) York, Epsom,Hampshire and Devon.

The firm has three divisions, land development, property development and construction.

Chief executive John Sutcliffe, said: “An economy that is confident and feels like it’s on the up is a great place for a property developer.”

But fears over the Brexit vote were knocking confidence.

He added: “There will be muted growth for a period of time.

“Personally, I think we should stay in Europe. But I’m not a believer in the euro.

“I think the immigration question is flawed – the majority of migrants contributed massively to the economy.”

The firm was established in 1886 and employs 459. Turnover is set to hit £170m this year.