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PRIVACY
Economic Development

Perfect placing for retailer as seven make Fast Track countdown

Coleshill-based Perfect Home and JCB among º£½ÇÊÓÆµ's fastest-growing companies according to new report.

Anthony Bamford of JCB, one of seven West Midlands companies to feature in the latest Fast Track countdown of the º£½ÇÊÓÆµ's fastest-growing companies

Coleshill household goods retailer Perfect Home is one of seven businesses across the region to feature in an annual countdown of the country's fastest-growing companies.

The company is a new entrant and placed 25th in the Sunday Times BDO Profit Track 100 which ranks businesses by profit growth over the past three years.

Perfect Home, which sold a minority stake to US firm Aaron's in 2011, posted profit of £8.32 million in its latest annual results, representing growth of 72.5 per cent.

Other West Midlands new entrants in the 2014 countdown are Coventry component manufacturer Nasmyth (35th, 62.3 per cent growth); Stoke-based energy product supplier Benx (49th, 56 per cent); Dudley office furniture maker Boss Design (50th, 55 per cent) and West Bromwich truck dealer Keltruck (73rd, 49 per cent).

The highest-ranked company from the region is Staffordshire excavator manufacturer JCB which placed in the top three with profit growth of 169 per cent to £288.4 million.

It has appeared in the countdown for the third time and in 2013 sold its one millionth machine, ending the year by announcing a £150m investment to expand its Staffordshire operations, adding 2,500 jobs by 2018.

Making up the seven is Shrewsbury vehicle rental firm Burnt Tree, ranked in 14th spot with growth of 94 per cent and profit of £10.2 million.

The seven West Midlands companies featured in the 15th annual countdown achieved combined profits of £323 million and employ 11,100 staff, having added 3,200 jobs in the last three years.