36 Lincolnshire companies ranked fastest-growing in the East Midlands

Thirty six Lincolnshire businesses have been named in the top 200 for profit growth in the East Midlands, with two of them in the top three.

Lincolnshire’s fastest growing business is Bourne-based Ballast Phoenix, which is ranked in second place. It is the UK’s leading service provider to the energy waste industry and specialises in recycling waste into useable ash material for the construction industry.

Lincoln Protein, the animal rendering plant in Skellingthorpe, closely follows in third place, with Lincolnshire’s CGI Managed Services Group (IT outsourcing) ranked 13th in the list.

Derbyshire-based UKCG Group were ranked in first place. The firm produces, distributes and services Carbon, Graphite and Magnesium products to global industrial sectors including aerospace, defence and steel.

This is according to The East Midlands Top 200 Report 2019, which was published on September 17 by the regional office of business and financial advisers Grant Thornton UK LLP in association with the CBI, HSBC and Macildowie.

The 200 businesses in the report are based across Derbyshire, Nottinghamshire, Leicestershire and Lincolnshire. They have grown profits by an average of 30% and employment by 8.2%, and together provide more than 68,000 jobs across the East Midlands.

Lincolnshire companies taking up 36 places in the list shows a 32% average adjusted profit growth rate and a 10% rise in employment, totalling 7,352 people.

The top market sectors for the county are agriculture, food & drink (7 companies), property &construction (7 firms) and retail & leisure (7 businesses).

The average salary at the companies is £25,200 according to the study, with a 3.4% average pay increase.

The full list of Lincolnshire companies and their ranking is: