NEWS


www.businessfi rstmagazine.co.uk Profit with honours


Times may be tough for many companies but there are more than a few demonstrating a sound ability to make money even in adverse conditions.


T 1 2 3 4 5 6 7 8 9 10 UPP University


accommodation provider


Fridays Food producer 22 // JULY/AUGUST 2011 123.76 6.5


he Sunday Times PwC Profit Track 100 recognises those businesses who demonstrate consistently rising profits over the last 3 years. (Judged on 3 years audited accounts, including operating profits and directors’ remuneration.) As PwC partner Suzi Woolfson told the awards dinner at the Savoy, fewer than 2,000 private companies in the UK make annual profits of over £3m.


London companies did well, taking four of the Top Ten slots. The top 10 winners were:


Rank Company Activity


R&R Ice Cream Ice cream manufacturer


powerPerfector Energy-saving device distributor


Moonpig.com Online greeting card retailer


McLaren Group Racing team and sports car maker


Supacat


All-terrain vehicle manufacturer


Liquid Capital Financial services provider


ADEY Heating Solutions Heating filter manufacturer


Ramsdens


Pawnbroker and jeweller


125.01 35.9 142.24 137.77 132.08 26.8 7.9 8.1


Profit growth % pa


210.22 157.45 149.79 146.09 144.66


Latest Profit (£m)


43.4 11.5 11.6 32.6 8.6


// PwC's South East Regional Leader John Minards presenting the Best Management Team award to Sukhpal Singh, founder and chief executive of Euro Car Parts


The profit growth stars were also honoured with a series of specialist awards.


The award for Best Brand, sponsored by The Sunday Times, was awarded to Ron Dennis, executive chairman of McLaren Group. The company’s brand is synonymous with Formula 1 success, and it has recently launched a new supercar.


The Best Management Team award, sponsored by PwC, was presented to Sukhpal Singh, founder and chief executive of Euro Car Parts. He and his team have transformed the business from a niche supplier to a major UK car parts distributor.


The Customer Service award, sponsored by Lloyds Bank Corporate Markets, was presented to Charles Tyrwhitt Shirts. The company offers a three-month no-quibble returns policy, ‘even if you have worn it or the family dog has chewed it’.


The award for Value Creation, sponsored by UBS Wealth Management, went to Republic, who last year sold a majority stake to TPG for £300m.


The Ones to Recognise special commendation award, sponsored by PwC, went to Dr Martens. The company has been turned around by rebuilding its brand and outsourcing production to generate profits of £19m.


Finally, the award for the Fastest Growing Company, sponsored by PwC, was awarded to James Lambert, chairman and chief executive of R&R Ice Cream. The company has become a major player in Europe with eight factories making more than 750m litres of ice cream a year, which it sells to supermarkets and under its own brands such as Skinny Cow and Lyons Maid. Through acquisitions and cost cutting, its profits in the past three years have soared 210% a year to £43m in 2009.


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