Boots, the Nottingham-headquartered health and beauty giant, has topped the ‘East Midlands Top 500 Companies Index’ after registering a turnover of £6.837 billion in the year to August 2017 (when its latest publicly-available accounts were published).
It was also the region’s second largest employer, with more than 40,000 members of staff registered in that year.
Top of the list by workforce headcount was clothing retailer Next, which employed 43,970 people in the year to January 2018, and registered a turnover of just over £4 billion.
Next came in at number five of the index, with the Sytner Group, Barratt Developments and Pendragon respectively occupying the positions between second and fourth.
The East Midlands Top 500 Companies Index – run as a partnership between the Chamber, Reach, De Montfort University, the University of Derby and Nottingham Business School – is a new index that celebrates the business success of the East Midlands as a region with a remarkably strong, diverse and resilient range of firms.
For the first time, the index enables us to see the range and strength of the leading businesses across the three countries of Derbyshire, Leicestershire and Nottinghamshire covered by the Chamber.
“It’s long been recognised that the East Midlands is the engine room of the UK’s economy,” said East Midlands Chamber Chief Executive Scott Knowles.
“We are a manufacturing powerhouse, a hotbed of innovation and advanced technology, and a logistics hub through which trade flows in all directions, over borders and into the global marketplace.
“Sometimes, though, we don’t shout about what we’ve got here loud enough, or with a united voice. We should. The East Midlands has got an amazing story to tell, of which everyone living or working here should be proud.
“The East Midlands Top 500 sets this out, in vivid detail, showing the contribution our businesses make to UK plc.
“This new index includes an impressive roster of organisations big and small. It highlights the strength in depth of the regional business community, with many of the UK’s best-known employers calling the East Midlands home.
“When you look down the list, it becomes clear that it’s not just the bigger, more high-profile businesses that make our economy tick.
“There are a myriad smaller, but no less important, firms that provide much of the employment, skills and innovation that this region is famed for.”
The Top 500 is based on historic data from Companies House accounts submitted between July 2017 and June 2018. It will be updated yearly.