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Inside Business Magazine

➤ Employment also grew by an impressive 8.2% from 16,226 to 17,555. David Newstead, Assurance Partner at Grant Thornton’s Milton Keynes office, commented on the report findings: “These results paint an encouraging picture of an extremely robust county emerging from recession. EBITDA has significantly increased which appears to have been used to support investment, with fixed assets growing by 8.5% and a similar rise in employment. “This demonstrates the strength of our county’s economy and that Buckinghamshire businesses are well placed to make the most of growth opportunities as they arise. We’ve conducted similar reports for several of the surrounding counties and Buckinghamshire is outperforming its neighbours in several key areas. It will be interesting to see if this remains the case in the coming years.” Trading summary Buckinghamshire Limited is the first ever in-depth survey into the performance of the county’s top 100 privately owned companies. The report launched by financial and business advisers, Grant Thornton, will run annually, providing consistent year-on-year analysis of Buckinghamshire’s business landscape. The survey uses the most recently available accounts (as at June 2013) to analyse the financial performance of the county’s top 100 privately owned companies based on turnover and principal trading address. Using the metaphor of Buckinghamshire as a Limited company enables detailed results to be produced to provide a snapshot of the health of the county’s economy and act as a yardstick against which the county can assess its economic performance. The report also provides a detailed analysis broken down into nine industry sectors allowing businesses to benchmark themselves against their peers. The results show that the county's largest privately owned companies are, in the main, recovering strongly following a period of extremely challenging trading conditions. Key findings ➤ Combined annual turnover of Buckinghamshire’s top 100 businesses increased significantly by 12.9% from £3.1 billion to £3.5 billion over the previous year. ➤ Earnings before Interest, Depreciation and Tax (EBITDA) rose even faster (13.8%) from £237 million to £270 million. ➤ Fixed assets grew by 8.5%. Buckinghamshire Limited is a new report providing a unique insight into the performance of the local business community and highlights several signs of positive profitable growth for the county. Buckinghamshire shows signs of profitable growth Bucks Nhants Herts Cambs Beds Report date Oct 2013 May 2013 Nov 2013 Nov 2013 Jun 2013 Turnover growth 12.9% 11.3% 8.3% 10.4% 3.0% EBITDA growth 13.8% 10.0% 11.1% 0.0% (13.3%) Employment growth 8.2% 6.1% 5% 6.3% (1.7%) Gearing 69% 115% 272% 30.0% 150% INSIDE BUSINESS MAGAZINE 29


Inside Business Magazine
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