Nine Scottish companies placed on fastest-growing international sales league table

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Nine companies headquartered in Scotland (compared to 11 last year) have grown their international sales by an average of 42% a year over the last two years to a total of £464m, and together they now employ more than 4,100 people.

The eighth annual Sunday Times HSBC International Track 200 league table ranks Britain’s mid-market private companies with the fastest-growing international sales.

Perthshire-based GLD Group appears on the league table for the first time. The group licenses or owns the rights to design and distribute fashion and sportswear brands, including Umbro, and it also supplies Italian shoe line Superga and French rain jacket brand K-Way. Demand from Germany, Benelux and Switzerland helped exports reach £12.3m in 2016.

Scotland’s largest independent brewery, BrewDog, features for the third time this year. The Aberdeenshire firm exports to more than 60 countries and international sales reached £13.4m in 2016. It was valued at £1bn in April when it sold a 22% stake to American private-equity firm TSG Consumer Partners for £213m.

The companies in Scotland appear with businesses from around Britain, including jewellery designer Monica Vinader, premium cycling brand Rapha, appliance manufacturer Gtech, and sandwich shop chain Pret. Past stars range from drinks maker Fever-Tree to travel search engine Skyscanner.

The league table reflects the importance of Europe to Britain’s mid-market exporters ahead of the Brexit negotiations. Almost 85% of the companies (167) sell to the continent, the most popular market, followed by North America (112) and Asia (75).

It is sponsored by HSBC and DHL Express, and compiled by Fast Track, the Oxford-based research and networking events firm.

Amanda Murphy, UK head of commercial banking at HSBC, commented:

“This year’s Sunday Times HSBC International Track 200 is testament to the exciting opportunities available to ambitious Scottish businesses with appetite to grow their goods and services abroad. The nine companies in Scotland are putting the country firmly on the map as a thriving business hub. We work very closely with our business customers to help them achieve their goals, so it makes me immensely proud to see so many of them succeed.”

Private companies in Scotland with the fastest-growing int’l sales – ordered by location then rank

Private companies in Scotland with the fastest-growing int’l sales – ordered by location then rank

 

HQ location
Rank
[2016 rank]
Company
Activity
Annual int’l sales growth over 2 yrs
Int’l sales (£m)
Total sales (£m)
Staff
Year end
Comment
Aberdeen,
Aberdeenshire
113
[81]
Balmoral Group
Polymer engineer and manufacturer
37%
103.7
134.5
576
Mar 16
Demand from offshore oilfields in Brazil and West Africa are sustaining overseas sales
Westhill
Aberdeenshire
186
[43]
Entier
Facilities services provider
19%
16.6
44.9
411
Sep 16
Provides catering services to clients in 26 countries
Ellon
Aberdeenshire
193
[118]
BrewDog
Brewery
17%
*13.4
*71.9
650
Dec 16
Plans to open The DogHouse hotel in Columbia, Ohio, featuring beer spa treatments
Glasgow
Glasgow
111
[109]
Compello Staffing Group
Recruitment consultancy
37%
*20.2
*64.5
165
May 16
Has offices across America and the Middle East
Port Glasgow
Inverclyde
140
[113]
AMG Vango
Camping outdoor supplier
30%
3.7
35.2
92
Dec 15
Its Vango range is popular in Germany, Benelux, the Czech Republic and South Korea
Fochabers
Moray
34
[72]
Baxters
Food producer
84%
†198.6
†293.8
1,539
Apr 16
Manufactures in the UK, US, Canada, Australia and Poland, and sells to more than 30 countries
Blairgowrie
Perthshire
20
GLD Group
Clothing and footwear supplier
112%
12.3
32.7
83
Jan 16
Has strong sales in northwest Europe, especially the Benelux countries and Germany
Inchinnan
Renfrewshire
185
[151]
Peak Scientific
Gas generator manufacturer
19%
*40.3
*46.1
360
Sep 16
Makes a range of gas generators for labs on every continent
Bathgate,
West Lothian
167
[79]
Redeem
Electronic device recycler
24%
55.4
80.2
289
Mar 16
Its Macclesfield facility processes 200,000 handsets a month for European customers

 

* Supplied by the company                      † Annualised figure

 

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