Logistex has once again placed in the County’s Top 100 Companies. The report, prepared by financial and business advisers Grant Thornton, gives a unique insight into the performance of the Northamptonshire business community.
Mike Hughes, who leads the Advisory team at Grant Thornton’s Northampton office said: “Businesses in the county are known for their strength and resilience, but the lingering uncertainties over Brexit and current economic challenges seem to be taking their toll. That said, there are businesses which have performed incredibly well. Meanwhile, an increase in the number of employees and a 4.5% average salary increase will help the local economy. Ongoing investment in assets such as plant, equipment and vehicles is also evidence that businesses have confidence in future growth.”
The report finds that for the first time in seven years, profits have decreased by 7% from £344m to £311m. However, there are also promising signs as the report finds that turnover has increased by 6% from £5.34bn to £5.65bn, and there are also strong signs of an appetite for future growth with a net increase in fixed assets of 6.2% to £1.4bn.
Mark Nicholson, Finance Director at Logistex, said; “To be included as one of the Top 100 Companies in Northamptonshire for the sixth successive year is a great recognition for the company. This award could not have been achieved without the hard work, determination and support of all the Logistex team in Northamptonshire and throughout the rest of the country.”