Five firms praised for strong profit growth

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FIVE Portsmouth and West Sussex companies feature in a list of top 20 companies demonstrating sustained and impressive profit growth.

The firms are Portsmouth-based Wiggle, Chinatool UK Limited, Portsmouth Aviation Holdings, Fareham-based Cobweb Solutions, and W Stirland Holdings.

The list was put together by accountancy and business advisory firm BDO.

Partner Jane Mulholland said: ‘Interestingly, some of the most successful companies don’t come from the dynamic sectors that might be expected to bring significant profit growth, but from more traditional industries such as civil engineering, manufacturing and logistics.

‘In my experience, profitable growth is delivered by strong management teams who plan for all eventualities.

‘Speed of reaction, efficiencies, diversification and bold business model restructuring, can all help to change and control a company’s destiny.’

Fellow partner Steve Le Bas said: ‘We have discovered that the really successful companies have gone back to the basics of business.’