BUSINESS leaders are being given an ‘amber light’ warning for the region’s economy as a definitive list of the Top 500 Companies in the South is published.
The Taylor Made Computer Solutions Top 500 Companies in the South report, which includes 24 businesses in Portsmouth and the surrounding area and was published today, paints a picture of cautious optimism tempered with uncertainty.
The report shows that the listed companies in Portsmouth, Fareham, Havant, Waterlooville and Denmead pulled in a combined turnover of £9.5bn during 2015.
That figure is slightly down on the previous year’s total of £9.8bn with the top company, Portsmouth-based IBM, reporting sales of £3.6bn – down on the previous year’s £3.9bn.
Taylor Made Computer Solutions managing director Tim Walker, said: ‘These results make fascinating reading, and show a very uncertain pattern across the region.
‘I’d still describe the mood in the south as one of cautious optimism, and there is evidence that the recovery is continuing, but the pattern of growth is more inconsistent than we would prefer.
‘These results are an amber rather than red light for the economy. That said, it is almost impossible to overestimate the impact that these huge companies have on the region.
‘They provide thousands of jobs and contribute billions of pounds to the region each year, ensuring the south continues to be rightly seen as a great place to live, work and do business.’
THIS AREA’S BIG HITTERS
Company Area 2015 turnover 2014 turnover
IBM United Kingdom Portsmouth £3,672,200,000 £3,954,300,000
NATS Holdings Fareham £922,400,000 £917,600,000
Matchtech Group Fareham £502,293,000 £451,591,000
Estee Lauder Cosmetics Fareham £491,423,000 £446,298,000
Specsavers Optical Superstores Fareham £433,826,000 £392,606,000
GBRE GWS Ltd W’ville £357,771,000 £512,230,000
The Southern Co-operative Portsmouth £350,505,000 £326,716,000
Eaton Aerospace Ltd Fareham £317,370,000 £163,729,000
Kenwood Ltd Havant £307,431,000 £232,421,000
The Innovation Group Fareham £209,772,000 £204,431,000
Fat Face Group Havant £205,401,000 £200,151,000
Seagate Systems (UK) Havant £185,683,000 £534,500,000
Wiggle Portsmouth £179,212,000 £167,914,000
Covidien Commercial Fareham £156,731,000 £159,060,000
CooperVision Manufacturing Fareham £153,860,000 £156,242,000
Colt Investments Havant £146,012,000 £151,982,000
Fusion People Fareham £141,012,000 £124,730,000
Pall Europe Portsmouth £134,080,000 £122,658,000
Gemalto UK Fareham £133,377,000 £114,854,000
Serocor Holdings Havant £120,251,000 £109,369,000
CRI/Criterion Catalyst Company Fareham £119,724,000 £130,548,000
Wartsila UK Ltd Havant £108,252,000 £105,758,000
SMR Automotive Mirrors UK Fareham £105,255,000 £101,868,000
Lens On-line Fareham £103,281,000 £95,014,000