HOT 100 TABLE-TOPPER’S £2M INVESTMENT PLAN
Karen Morris
Development director and deputy CEO
ESG STRATEGY IS KEY TO EMPLOYEE
David Haythornthwaite
The number one business in Lancashire Business View’s new Hot 100 list of the county’s most profitable SMEs has announced a £2m investment in its manufacturing capabilities.
VetPlus, part of the Tangerine Group, which occupies top spot in this year’s list, says the investment in its Lytham facility will “revolutionise” the vet medicine manufacturer’s production capabilities.
The work will include a £1m state-of-the-art liquids mixing facility, representing the largest single project in the company’s history.
The company was founded in 1995 by Tangerine Group chairman David Haythornthwaite. He said: “Our commitment to innovation and excellence drives every decision we make.
“This significant investment forms part of our ambitious growth plans as we continue to expand both our product development capabilities and
our international distribution network.
“It not only underscores our dedication to developing world-class products, but also demonstrates our unwavering commitment to providing our customers with unparalleled quality and reliability.”
Joe Pierce, head of engineering at VetPlus, added: “This landmark investment will revolutionise our already industry-leading facility even further, allowing us to continue setting the bar for product innovation and development.”
In recent years VetPlus has expanded overseas with new distributors in South America and a new business unit manager in Lagos, Nigeria. The company also has a regional support operation in Buenos Aires, Argentina.
A new entry in the Hot 100, Tangerine Group reported over £7m profits on £33m revenues while employing a workforce of more than 180.
Hot 100 Page 41 GROWING AT PACE
Lancashire has “significant potential” as a powerhouse for growth, according to a major new report.
The ‘State of Growth in Lancashire’ report provides a comprehensive outlook on business growth potential in the county over the next year.
According to its authors, 15 per cent of Lancashire businesses are forecast to grow by more than 20 per cent in the next year.
That is significantly higher than the UK average of 13.1 per cent, according to the findings by national business growth specialist The Growth Company.
Its figures reveal that more than 75,000 businesses are active in Lancashire with 47 per cent forecast to grow in the next year and 11,467 to grow by 20 per cent.
The report also highlights variation in growth potential by sector as well as location.
While, in Lancashire, the highest number of businesses with high growth potential can be found in the professional, scientific and technical sectors, the county scores higher
than average in UK’s top three sectors: manufacturing, agriculture, forestry and fishing, as well as construction.
Report author Nathan Shoesmith said: “The data in this report looks at what is driving growth potential in Lancashire, as well as where there may be barriers or risks to growth being achieved.
“In changing times, being able to find growth potential is more important than ever and the analysis provided is designed to facilitate business support interventions in Lancashire’s local economies.”
Andrew Leeming, programme manager at Boost, Lancashire’s Business Growth Hub, said: “The analysis in the report is something for the Lancashire economy to be proud of and shows the strength of our county’s businesses.
“It also gives further insight into the habits of scaleup businesses in Lancashire.
“The Boost team will be using this data to connect with growth ambitious businesses across Lancashire to help them fast track and consolidate their growth plans.”
LANCASHIREBUSINES SV
IEW.CO.UK
ENGAGEMENT Now, more than ever, employees are looking to work with businesses who share their values.
By committing to the development of a robust ESG strategy, you’ll attract like-minded employees who will help the company embed its ESG practices, whilst enhancing recruitment and retention.
Research by TotalJobs shows that 28 per cent of employees check a company’s sustainability practices before applying for a job, rising to 39 per cent for millennials.
With businesses still struggling to hire and retain the right staff, as reported in the British Chamber of Commerce’s ‘Quarterly Recruitment Outlook’, employers wanting to create a more engaged and motivated workforce, and attract the best talent, need to ensure they have a strong ESG strategy in place that aligns with the values of its people.
The Community Foundation for Lancashire works with many businesses who hold charitable giving at their heart, helping them to develop and deliver their ESG strategy. With a particular focus on social and community impact, this ensures businesses are able to evidence the impact they are making to potential and existing employees and gain the edge needed to succeed in a competitive labour market.
Wherever you are on your philanthropic journey, we can provide bespoke support so that it reflects your business values. From the first crucial step of creating your social strategy to connecting you with grass roots community groups who are seeking funding.
By working with us, not only will you be making a real difference to those who need it most, you will also be benefitting your business. To find out more contact:
karen.morris@
cflm.org.uk 07973 409858
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