Napp debuts in profits of boom table
Napp Pharmaceuticals in Cambridge makes its debut this weekend in The Sunday Times BDO Profit Track 100 league table.
It is one of a quartet of East of England businesses to hit the UK’s hot 100, which ranks Britain’s private companies with the fastest-growing profits over the last three years.
The four companies headquartered in the East – compared to one last year –have made a strong contribution to the local economy, together achieving combined profits of £83 million and employing 1,680 staff, having added 130 jobs in the last three years.
All four companies are appearing on the league table for the first time. The region’s highest-ranked company at No 26 is Mildenhall-headquartered JEB Engineering Design, a precision engineer which specialises in mouldings, components and multi-piece assemblies for the electrical, medical and munitions industries. Under chairman Barry Littlewood, profits rose 70 per cent a year to £3m in 2012.
Napp Pharmaceutical Holdings, which develops drugs used in the treatment of severe pain has increased profits 52 per cent a year to £65 million in 2012 under managing director Dietmar Lietner.
Ideal Shopping, based in Peterborough, and Fork Rent in Ipswich also feature on the league table alongside companies from around the UK, including well-known brands such as restaurant operator Jamie’s Italian, shirtmaker Charles Tyrwhitt, biscuit and cake maker Tunnock’s and sandwich shop operator Pret A Manger.
The Profit Track 100 is sponsored by BDO, Lloyds Bank Commercial Banking and UBS Wealth Management and compiled by Fast Track, the Oxford-based research and networking events company, and this is the 15th annual appraisal.