July 30 2014 Latest news:
Duncan Brodie, business editor
Friday, July 11, 2014
Three Suffolk businesses are included in a new listing of privately-owned British companies with the fastest-growing overseas sales.
Precision engineering company JEB Engingeering Design, based in Mildenhall, is ranked 36th in the fifth annual Sunday Times HSBC International Track 200.
Packaging manufacturer Erben, from Hadleigh, is in 54th place and valve distributor RPV, also based in Mildenhall, is 59th.
JEB, which employs 174 people and exports to 45 countries, has increased its annual international sales by 73% over the past two years to £31.49million, out of total sales of £33.43m.
Erben, which has a workforce of around 40 and includes North America , South Africa and Ireland among its key international markets, has incresed its overseas sales by 58% over the past two years to £7.21m, out of total revenue of £28.86m.
RPV, which exports valves to customers in the oil and gas sectors across six continents and employs 41 people, has increased its exports by 54% in the past two years to £37.69m, out of total sales of £49.11m.
The highest ranked firm in the survey from East Anglia is Norwich-based marketing agency OMG which is in seventh place with two-year international sales growth of 144%. The opening of offices in developing markets such as India, Poland and Brazil has helped its overseas sales grow to £3.97m, out of total revenue of £28.87m.
Also in the listing is subsea cable manufacturer JDR from Littleport in Cambridgeshire, which is ranked 75th, with its overseas sales having grown by 49% to £115.79m out of a total of £129.89m, and audio-visual products distributor Midwich, based at Diss, which is 76th with growth of 49% in international sales to £47.87m, out of a total of £233.74m.
The International Track 200 is sponsored by banking group HSBC and research companyFast Track.
Ian Stuart, head of HSBC UK Commercial Banking, said: “The Sunday Times HSBC International Track 200 continues to provide an interesting insight into the important contribution privately-owned mid-market companies make to the UK economy, and this year’s league table symbolises the dynamism and innovation this group of companies with international ambitions are famed for.”