Swift Group climbs Sunday Times Top Track 250 after profits rise

Swift Group climbs Sunday Times Top Track 250 after profits rise

Swift Group has been named among the leading UK companies in the influential Sunday Times Grant Thornton Top Track 250 league table after almost doubling its annual profits.

The league table ranks Britain’s private mid-market growth companies with the biggest sales.

Cottingham-based Swift made significant gains on its previous position – rising to 85th place this year from 107th in 2016.

The announcement comes after Swift reported profits of £17 million in the year to August 2016. This was a tremendous 92% rise on the figure for 2015.

The profits came from sales of £252 million.

Yorkshire stamped its mark all over the league table, with 29 companies headquartered in God’s Own Country making the list – employing almost 34,000 people. A Grant Thornton spokesperson said the firms “think locally and act globally”.

Swift is a major employer in the East Riding of Yorkshire, with 1,250 employees and a well-established academy, which has seen over 100 people studying for business and management qualifications through the company.

The improved Top Track 250 ranking is the latest success in what has been a good year for Swift.

In June it was the only East Yorkshire-based firm to be named in the Sunday Times HSBC International Track 200 which ranks Britain's mid-market private companies with the fastest-growing international sales.

Then in September, Swift scooped a handful of awards at prestigious industry show, the Practical Caravan and Practical Motorhome Awards 2018.

It picked up the biggest prizes on the night, winning Tourer of the Year for the Sprite Major 6 and Motorhome of the Year for its Escape 604.

Managing Director James Turner hailed the Sunday Times placing as recognition of hard work across all sides of the business.

He said: “It has been a year of domestic and international success, with a significant rise in annual profits. Swift has risen from 107th to 85th in the Sunday Times Top Track 250 while also becoming the only East Yorkshire firm to appear in the International Track 200.

“We have invested in our academy and training, and continue to pioneer new technologies and methods. This company-wide effort is perhaps best summed up in our completely redesigned Sprite
winning Tourer of the Year. This involved all areas of the business from design and production to marketing and sales working collaboratively.”

Andy Wood, Partner at Grant Thornton UK LLP, outlined the contribution made by the companies to each of their own local areas.

He said: “The UK may be at a pivotal point in its history, but the Top Track 250 clearly demonstrates what can be achieved by exciting dynamic businesses. These companies think locally and act globally, they innovate to grow and embrace an entrepreneurial spirit that this country needs to secure a positive post-Brexit future.”

Read More

Cottingham-based Swift made significant gains on its previous position – rising to 85th place in this year's Top Track 250 from 107th in 2016.

Back to top