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18


HOT 100 RESILIENCE SHINES THROUGH


The resilience, innovation and determination of the county’s top SMEs was highlighted at Lancashire Business View’s Hot 100 breakfast.


The gathering at Mitton Hall, near Clitheroe, was held to celebrate the magazine’s 2022 Hot 100 list of the Lancashire’s most profitable SMEs.


It was attended by representatives from companies on the list and an invited audience from the worlds of academia, business support, local government and the media.


The well-attended event was sponsored by Woodcocks, Haworth and Nuttall Solicitors, Nelson and Colne College and PM+M and supported by Lexus Preston and Limitless Public Relations.


Acknowledge your strengths but admit your weaknesses. It is easy in business to think you should be able to do everything


Dean Rogers of PM+M accountants, who compiled the Hot 100, told the audience: “There is some serious resilience in the list.”


He said that despite most businesses being affected by the pandemic, the overall profit generated by the 100 had risen by £80m compared to the


previous year, with the construction sector proving particularly strong.


And he predicted that Lancashire’s resilience would again come to the fore over the next 12 months, whatever the difficulties ahead.


Nadeem Memon, group financial officer at textile group Panaz, number 64 in this year’s list, said it had continued to invest in digital technology and automation on its growth journey.


As well as its investments in processes, the group had also set up its own manufacturing operation in east Lancashire and had made acquisitions. Nadeem said: “Don’t hesitate to invest to try and accelerate your businesses.”


Victoria Last, marketing manager at Haslingden based Carvansons, number 55 in this year’s Hot 100, said the business had concentrated on exports and new products since moving into Lancashire from Greater Manchester.


And Tracy Clavell-Bate, head of development and acquisitions at Barnfield Construction, shared some of its business thinking and strategy. The company came in at number 15 in the Hot 100.


The event also heard from Sara Beaumont, director at Woodcocks, Haworth and Nuttall Solicitors and Morag Davis, assistant principal at Nelson and Colne College. Morag said it was important for businesses to have conversations and to get support, telling the audience: “Acknowledge your strengths but admit your weaknesses. It is easy in business to think you should be able to do everything.”


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