20/11/2001

LEDU reveal Top 100 winners in small business sector

A Lisburn firm has been named as LEDU’s fastest-growing client company following the publication of the agency’s list of the hundred best performing small businesses in the province.

Engineering firm Power Action scooped the top slot after the company saw their turnover grew by four-fold in just three years. In second place was Newry firm Hill Engineering with a growth rate of 351 per cent, while Bangor-based Yates TR took third place.

Commenting on the results, LEDU Acting Chief Executive, Alan Neville, said: “These small businesses are pointing the way ahead for the rest of the small business sector. It is worthy to note that 62 per cent of the Top 100 winners are new to the list.

“The partnership between LEDU and these growing small businesses is a vital one for the Northern Ireland economy as a whole and, as the results clearly demonstrate, small businesses continue to exploit niche market opportunities with considerable success.”

The LEDU Top 100 league table rated businesses according to their rate of growth over the period 1997-2000 and showed that companies from throughout the province have been performing well, with businesses from Lisburn right through to Londonderry exhibiting strong expansion.

Most successes were seen in the general manufacturing sector, followed by tradeable services and engineering. (CL)

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