Manufacturers across the south feature in The Business Magazine’s, the Southern Manufacturing 100. The list provides an interesting insight into the wealth of manufacturing and engineering companies in the south.
Sponsored by Lloyds Bank, advisory firm MHA MacIntyre Hudson, global insurance broker JLT, and technology solutions provider Taylor Made, the Southern Manufacturing 100 helps shine the spotlight on this key sector.
Manufacturing, engineering and electronics – now established as one of the key sectors in the south – is under intense focus post-Brexit.
But, as our Southern Manufacturing 100 list shows, the region’s manufacturing businesses are well placed to deal with the uncertainties ahead, not least because a significant number of them have grown their sales in the past 12 months.
Order books are a different story – with, as we went to press, a CBI survey showing that manufacturing order books had fallen to a four-year low after Brexit.
Our list, however, reflects the turnover of businesses prior to the Referendum vote and it’s clear that many companies had a good year.
Sponsored by law firm Shoosmiths, NatWest bank, advisory firm MHA MacIntyre Hudson, global insurance broker JLT, and technology provider Taylor Made Computer Solutions, the Southern Manufacturing 100 helps shine the spotlight on some key employers.
Companies in the list have annual sales ranging from just over £4 million to AWE at the top, with just under £1 billion turnover.
The combined turnover for the complete list is more than £6.5b and together the companies employ some 45,000 people.
Last year, the total topped £7b sales but the list included TI Automotive at number one. Oxford-based TI was acquired by Bain Capital last year and moved into new corporate offices in Michigan, USA a few months ago.
As part of the Southern Manufacturing 100 campaign, companies will be invited to participate in a Roundtable discussion at Lainston House, near Winchester, on October 4 about the key issues affecting the sector, now and in the future.
The manufacturers’ organisation, EEF, stresses that UK manufacturers are globally focused and that many are forging ahead with sales outside Europe, although it points out that ‘non-EU markets are not an easy substitute for EU ones’.
Productivity remains a key issue. UK productivity lags the G7 average, although innovative technology has recently led to important gains.