Daisy Group Ranked Second of Britain’s Private Mid-Market Growth Companies

Daisy makes the top three in the latest Sunday Times Top Track 250.

Daisy Group, along with twenty-four other companies in the North West are featured in 2018’s league table of Britain’s leading private mid-market growth companies. 

Published this weekend, the 14th annual Sunday Times Grant Thornton Top Track 250 league table ranks Britain’s private mid-market growth companies with the biggest sales.

The 25 companies headquartered in the North West (compared to 21 last year) have each made a strong contribution to the local economy. The companies’ increased combined sales 17% to £6.7bn and operating profits 27% to £913m, and they employ almost 38,000 people.

Featuring for the first time this year and ranking second place overall, Daisy Group is the biggest mid-market growth company in the region. After floating in 2009 and delisting in 2015 in a £494m buyout backed by private equity firm Toscafund, sales grew 14% to reach £684m in 2018.

Speaking on their top three positioning in the league, Executive Chairman Matthew Riley, said:

“It is fantastic news for Daisy that we have ranked so highly in the Sunday Times Grant Thornton Top Track 250 league table.  As a local boy, I am especially proud that we are the highest ranked company in the North West. The growth in our sales reflects the hard work of our employees across the country. They are committed to delivering world-class customer service  and high-quality products in what is a growing, but also a very competitive market.”

There are 11 other entrants in the North West that were not on the league table last year, including Village Hotels, the Warrington-based hotel operator; and Everton Football Club, which benefitted from the first year of the £5bn TV rights deal last year to post a 41% rise in turnover to £171m and almost fivefold increase in profits to £25m.

The companies within the North West appear with businesses from around the UK, including Travelodge, Trainline, PureGym and The White Company.

The Top Track 250 is sponsored by Grant Thornton and Lloyds Banking Group, and compiled by Fast Track, the Oxford-based research and networking events firm.

Karen Campbell-Williams, Partner at Grant Thornton UK LLP, the title sponsor of the league table, praised the companies for their performance:

“Advances in robotics and artificial intelligence, the pervasive challenge of cybercrime, and the uncertain impacts of Brexit are among the significant issues facing Britain today. If we are to continue turning innovative ideas into businesses with international scale, we all need to play our part in shaping a vibrant economy that thrives. In this, the role of the mid-market is crucial. Resilient despite the headwinds, the Top Track 250 are innovating, winning business and adapting to generate value. There is much to learn from them.”