We were delighted to co-sponsor this year’s “The Woking Economy: Report & Accounts initiative” compiled by Decision Magazine. The Report demonstrates why Woking is a great place to do business; a hub of energy, ambition and growth.
Just how well are Woking companies performing?
Did the Woking economy grow over the last year? Were the companies headquartered in the borough more profitable than in the previous year?
The answer, as is often the case with statistics, is both yes and no.
Those Woking companies which file full accounts generated a combined turnover of £8.5 billion, but add in the town’s resident goliath, SAB Miller; and that figure rises to £23.1 billion. That represents either an increase of 6% or 1.6% without SABMiller compared to the previous year.
Profits before tax totalled £379 million, a fall of 11.8%, but with SAB Miller factored in, the figures were £3.6 billion and a slight reduction of 1%.
The results were announced at a reception for company directors which we hosted with our co-sponsors: Arcom IT; Hamlyns LLP; and Woking Borough Council;
• Gluco RX, picking up three awards (for increased turnover, profit and net assets)
• The Wandsworth Group (profitability)
• SAS and Company (increase in the number of staff)
• Innovate Services (research and development), and
• McLaren Automotive (combined sales and profits).
If you would like advice, information or support for your business, please contact Peter Savage on 01483 215 031 or Karen Lord on 01737 854597.
Although correct at the time of publication, the contents of this newsletter/blog are intended for general information purposes only and shall not be deemed to be, or constitute, legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article. Please contact us for the latest legal position.