A TWENTY-FOUR per cent rise in profitability has been reported by North Yorkshire’s best performing SMEs as the Top 50 sees turnover grow by £11 million from 2015.
Once again The Press has teamed up with BHP Chartered Accountants to analyse data from thousands of small and medium sized enterprises in the area to compile a definitive Top 50 list for 2016, based on pre-tax profits.
The annual report is based on figures collected from SMEs registered across York and Yorkshire, covering the circulation area of The Press, which also encompasses outer lying areas in the East Riding.
With 4,000 SMEs in the region, the Top 50 list collectively employs 3,191 people directly, almost 1,000 less than last year’s list which stood at 4,121.
However while employment fell, revenue and profit have both soared since 2015 for the Top 50.
The newly released figures, published in The Press on Wednesday, show collective revenues rising from £574 million to £585 million, with pre-tax profits hitting £65.1 million, up from £52.5m.
Click here to see the Top 50 SME special eight-page supplement, including the full Top 50 list, analysis and regional breakdown.
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