Report shows brighter futures for firms in south

Mutiny Festival brought over �2m to the local economy Picture: Paul Windsor

Mutiny Festival brings £2.7m into Portsmouth economy

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THE future is looking brighter for businesses as a list of the south’s top companies reveals increased sales, higher profits and a rise in staff numbers.

The Top 500 Companies in the South report, commissioned by Fareham-based IT specialists Taylor Made Computer Solutions, includes 28 firms from the area covered by The News – with IBM showing the highest turnover, reporting almost £4bn in sales. It came 27th overall on the report.

IBM is followed by Fareham-based Nats Holdings Ltd (£917.6m) and Waterlooville firm Johnson Controls (£566.1m).

Other firms in the top 10 of the list include Rolls Royce, in Chichester, which made £376.8m and Havant-based Seagate Systems which made £502.1m.

Tim Walker, managing director of Taylor Made Computer Solutions, said: ‘The overall picture is positive – it shows a slow but steady rise in turnover and profit as the economy continues to pick up.

‘What’s also striking is how much the south’s largest companies contribute – not just in pure financial terms but also in the phenomenal number of people they employ and their contributions to charity and communities.

‘It’s also a reminder of just how many of the country’s largest companies choose to base themselves in the Portsmouth area, a fact which the business community here justifiably takes a great deal of pride in.’

The list looks at financial details of businesses across Hampshire, Sussex, Surrey, Berkshire, and parts of Greater London. It shows that the south’s overall top company is BP International Ltd, based in Surrey, with an overall turnover of £63.6bn.