Several South West businesses have featured in a new list of 100 fastest-growing firms in the UK. Cornwall's Origin Coffee and clothing brand Finisterre, plus Devon's Redpost Equestrian all made it on the list.
The inaugural Growth 100 recognises and ranks UK private businesses whose founder or founders are still actively involved. Companies are ranked by compound annual growth rate (CAGR) in sales over the last three financial years.
To be on the list, businesses must have sales between £3m and £200m, been trading for at least three years and have turned an operating profit in the latest financial year.
Read more: Thatchers Cider reports strong year with £155.5m turnover
Porthleven-based Origin Coffee ranked 89 in the list and was the only coffee roastery to feature. Launched in 2004 by owner and founder, Tom Sobey, the B Corp accredited business has six coffee shops and hundreds of wholesale customers across the UK and Europe. In 2022, Origin was awarded the Queen’s Award for Enterprise in Sustainable Development.
Mr Sobey said: “From a sales perspective, the last 12 months at Origin have been incredible.
“No small feat, considering the challenges we’re all facing on a global scale. The knock-on effects of a global pandemic, the war in Ukraine, and numerous other issues affecting producer partners in their own countries have made the last year one of the toughest to navigate since starting Origin. I am incredibly proud of the way that every single person at Origin has adapted to the challenges we face, and I look forward to continuing to grow.”
Origin Coffee will be adding to its growing UK presence, with a dedicated coffee shop space confirmed to open on Victoria Street, Bristol, this August. This will be first of the group's franchise to open outside of London and Cornwall, bringing its total portfolio to seven retail spaces.
The Bristol space will include a training room, technical room, and meeting room alongside a café.. The café focus will see the Bristol space serving up drinks, cakes, and pastries.
South West businesses featured on FEBE Growth 100 List 2023:
38. Powersystems, Bristol-based electrical engineering services
48. Muc-Off, Poole-based bike care and maintenance brand
55. Redpost Equestrian, Devon-based equestrian products retailer
67. LeMieux, Southampton equestrian products retailer
87. Finisterre, Cornwall-based outdoor clothing brand
89. Origin Coffee, Cornwall coffee roastery
100. Vanilla Underground, Tamworth-based online merchandise retailer
Why not sign up to get the latest South West business news straight to your inbox.
