Commercial property investor and developer Barberry Group has been recognised as the second fastest-growing business in the Midlands and East of England.
This is part of the Fast Growth 50 index for 2023, which identifies the 50 fastest-growing companies across six nations and regions, including the Midlands and East of England. This achievement underlines Barberry Group’s significant impact on the Midlands and East of England’s economy and its capacity for growth and innovation.
The Fast Growth 50 is an annual index that identifies the top 50 fastest-growing companies in six nations and regions, including the Midlands and East of England. This year’s index for the Midlands and East of England has highlighted businesses from multiple sectors that together generated a turnover of £3.2 billion, at an average growth rate of 202 percent, with the creation of over 5,267 jobs last year.
Being part of the Fast Growth 50, Barberry Group has shown strong performance and made a positive contribution to the Midlands and East of England’s business community.
Barberry Group managing director Henry Bellfield said: “As we celebrate Barberry’s 40th anniversary, it is enormously satisfying to be recognised as one of the leading fast-growing companies in the region. Our investment and development strategy, with a focus on sectors with strong long-term growth drivers, has been highly successful and we are looking to the future with confidence.”
Barberry Group recently posted record turnover and pre-tax profits as it celebrates 40 years in business. In the Group’s most successful year to date it generated a turnover of £73.3 million (2021: £31.7m) and profits before tax of £17.1 million (2021: £3.7m), its financial statement for the year ended June 30, 2022, shows.
Professor Dylan Jones-Evans OBE, founder of Fast Growth 50, said: “The UK Fast Growth 50 Index demonstrates that a small number of fast growth firms such as Barberry Group make a substantial contribution to the UK’s economic landscape, providing real examples of how innovation, enterprise and sheer hard work can make a real difference in all sectors from construction to financial services to technology.
“Their incredible growth during difficult times shows that through generating wealth and jobs in their local communities, entrepreneurship is the cornerstone of regional and national prosperity. Most important of all, their success stories demonstrate the impact of ambition and adaptability, providing a blueprint for sustainable growth that will hopefully inspire others to follow a similar journey.”
This year’s Fast Growth 50 Midlands and East of England list is in partnership with UBS, the world’s leading and truly global wealth manager.
Mark Goddard, head of UK Regions at UBS Global Wealth Management, said: “Business owners and entrepreneurs are the engine of our economy, and UBS has a long history advising and connecting them on each stage of their wealth journey, helping them to unlock their potential. Led by entrepreneurial spirit and often solving some of the UK’s biggest issues, the level of talent and innovation uncovered through this year’s list shows that more needs to be done to support small businesses to strengthen local economies and give back to the local community. As the lead sponsor of this year’s Fast Growth 50, UBS is looking forward to following and supporting these businesses as they go from strength to strength.”