Two mobility equipment companies have been named as among the top 250 largest privately owned mid-market growth businesses in the UK.
Acorn, which manufactures stairlifts, climbed 10 spots to 127th in the Sunday Times’ Top Track 250 league table after achieving £212m revenues and £22m operating profit in 2017, compared with £177m and £19m, respectively, in its previous accounting period.
Meanwhile, community equipment provider, Medequip, which owns online retailer Manage@Home, was placed 189th, after achieving £160m sales and £6m operating profit.
The Sunday Times Grant Thornton Top Track 250 league table is published every year and ranks Britain’s private mid-market growth companies with the biggest sales.
Acorn employed nearly 180 more staff compared to its previous accounting period and now has almost 1,500 employees.
Medequip took on around 70 new staff, bringing its total number of employees to 703.
The 250 companies achieved combined sales of nearly £67bn, an 18% increase year-on-year, record profits of £6.4bn, up 27%, and they employ a total of 435,000 people, up 10%.
More than half the table were not in the league table in 2017 and 64 firms feature for the first time.
Dave Munton, head of mid-market at Grant Thornton, which sponsors the league table, said: “Advances in robotics and artificial intelligence, the pervasive challenge of cybercrime and the uncertain impacts of Brexit are among the significant issues facing Britain today.
“If we are to continue turning innovative ideas into businesses with international scale, we all need to play our part in shaping a vibrant economy that thrives.
“In this, the role of the mid-market is crucial. Resilient despite the headwinds, the Top Track 250 are innovating, winning business and adapting to generate value. There is much to learn from them.”