Yorkshire Report 2017 reveals how many of county's top companies are in East Yorkshire

By Hull Daily Mail | Posted: 19 May 2017

Our region is home to 31 of Yorkshire's top 250 companies, according to a new report.

The BDO Yorkshire Report 2017 found large businesses headquartered in the area brought back sales of £9bn last year – an increase of 7 per cent on 2015.

Their operating profits totalled £500m, providing jobs for more than 44,100 people.

Large corporates in the region include chemicals manufacturing giant Croda International plc, pork producer Cranswick plc, payroll firm Hudson Contract and polymer technology specialist Fenner plc.

Read more: Croda announces start of £27m investment project in Hull

Telecommunications company KCOM, safety specialist Arco and building supplies firm MKM were among mid-tier companies on the list.

Jason Whitworth, mergers and acquisitions partner at BDO, said: "Hull is enjoying a national renaissance thanks to its UK City of Culture status and major European investment in renewable energy.

"The Humberside region has a strong and multi-generational family business base and is home to many corporates which are playing strategically vital roles for UK plc.

"Last year, they contributed sales of £9bn to GDP, provided employment for thousands of households and paid many millions of pounds in tax to pay for things that are easily taken for granted, like roads, railways, hospitals and schools.

"They have shrugged off the political and economy uncertainty that has dominated headlines over the last year to make a significant contribution to regional and national wellbeing."

The Yorkshire Report is the annual bellwether for corporate Yorkshire and highlights the contribution made by big businesses towards wealth and prosperity in the region. It is BDO's longest-running publication.

The 250 index increased international sales by six per cent – an encouraging sign as Britain prepares to exit the European Union, suggesting Yorkshire's manufacturing base is in fine fettle as industry dominates the index with more than twice as many representatives than any other sector.

BDO said that with the right kind of support from Government, Yorkshire's mid-market companies "have the potential to create greater wealth and prosperity and help put the UK at the centre stage of the post-Brexit international economy".

Mr Whitworth said: "Our New Economy campaign is calling for a streamlining of regulations, particularly around tax, investment, training, exports and access to finance, smarter infrastructure investment and the strengthening of local enterprise partnerships in areas where devolution talks have stalled.

"Greater partnership working between the great cities of the North will help to overcome the tribal rivalries that have dogged efforts to devolve power to Yorkshire.

"If adopted, these measures can help to rebalance the UK economy and harness the talent, skills and entrepreneurial spirit that are illustrated so clearly here in the Yorkshire Report 2017.

"In the meantime, business leaders will continue to do what they do best and carry on regardless. But as Britain's exit from the European Union looms, the economic stakes edge higher."

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