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McLaren race into elite business table
Published October 10, 2016, in Other News, Woking Business
WOKING sports car maker McLaren Automotive featured high in the The Sunday Times Grant Thornton Top Track 250 as one of Britain's biggest private companies.
The league table, published in the national newspaper's Sunday edition, ranks the 250 biggest mid-market private growth companies by sales – provided they meet the growth and profitability criteria – and complements the Top Track 100 published in July.
The 250 companies grew combined sales by 14% to £58.1 billion, operating profits by 26% to £4.9bn, and staff by 11% to 354,000.
McLaren, which employs 1,492 staff, is one of 29 entrants in the South East that were not on the league table last year, which now total 47 in the region.
Norman Armstrong, Partner at Grant Thornton UK LLP, title sponsor of the league table, praised the companies for their performance.
He said: "In the wake of the EU referendum it is more important than ever that businesses, the public and the third sectors work together to help the UK to build on its strengths and ensure that the economy continues to grow.
"I am heartened to see how these businesses are embracing a collaborative approach to drive prosperity throughout the UK and wider society."
The full league table was published in the business section of The Sunday Times on 2 October, both in print and in the digital edition at www.fasttrack.co.uk.
Credit 'The Sunday Times Grant Thornton Top Track 250'.
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