THAMES VALLEY 250
®
Celebrating the Thames Valley’s top 250
One of the UK’s top economists, Mark Berrisford-Smith from HSBC, was guest of honour as the 2012 listing of the Thames Valley 250 was revealed for the first time on July 9 at a special launch event at Stoke Park
“The big public companies and multinationals get most of the headlines, but it’s the wealth of independent businesses in the Thames Valley that continues to impress us in this downturn,” he continued.
Highlighting the figures which showed total turnover for the 250 companies featured in the 2012 list had increased by nearly £1 billion over the previous year, Murray said results indicated that businesses are growing despite the stagnant economy.
And there was more positive news from HSBC’s Berrisford-Smith as he provided an insightful overview of the economy and told the audience he had “severe doubts” about the financial statistics which show the UK is in recession.
“All the business tracking surveys do not show an economy in recession and they haven’t at any point in the last nine months,” he said. “The economy continues to create jobs and economies that create jobs tend not to be the ones that are in recession.”
Recognising however that recovery was “slow and tortuous”, he said the biggest thing which will help boost the economy would be a drop in the inflation rate, to give confidence back to consumers and get them spending money again.
Mark Berrisford-Smith addresses the audience
Now in its third year, the TV250 has become well established as the key ranking of the most successful privately-owned businesses with their headquarters in the Thames Valley.
Sponsored by HSBC, business advisers Grant Thornton and law firm Blandy & Blandy, the TV250 is compiled by The Business Magazine based on accounts at Companies House, plus financial data sources such as Experian and OneSource.
Senior executives from some of the best-known names in business attended the event, which also saw special awards handed out to four of the most outstanding companies.
Opening proceedings, David Murray, publisher of The Business Magazine, called the evening “an annual celebration of the great private companies that make this region such a powerful part of the UK economy”.
Continued overleaf ...
With some encouraging signs already, he said inflation may edge closer to 2% by the fourth quarter of 2012, but warned it could be 2017 before the economy returns to “normal”.
THE BUSINESS MAGAZINE – THAMES VALLEY –SEPTEMBER 2012
www.businessmag.co.uk
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