Published last weekend, the 19th Annual Sunday Times BDO Profit Track 100 league table ranks Britain’s private companies with the fastest-growing profits over three years.
With profit growth averaging 58% over the last three years to £3.7m in 2016, Alba Power, the Netherley based gas and power turbine service company, have become a new entrant on this prestigious list at number 84. Last year Alba opened a further site in Ontario, Canada to handle increased demand across north America and now employ over 70 people across their Netherley head office in Scotland and their Houston and Ontario service centres.
Terry Alderton, Managing Director, said “We are delighted to have received this level of recognition by being named one of only eight Scottish companies in the Sunday Times BDO Profit Track top 100. This reflects our performance over the last three years and is a testament to our growth strategy which has seen us continue to invest in our people and facilities despite some challenging trading conditions across the globe. Last year saw us open our new £1million workshop extension in Netherley and open our service centre in Ontario, Canada while have started 2018 with a number of key appointments that have grown our commercial and operational teams both here in the UK and abroad. With 2018 starting in the same vein as 2017 with 37% growth in Q1 we look forward to featuring regularly on the Profit Track Top 100 in the coming years.”
Martin Gill, partner and head of Scotland at BDO, the title sponsor of the league table, commented:
“These high-growth, high-energy and highly-entrepreneurial companies will be the difference between success and failure in our post-Brexit economic future. These businesses are playing their part by recording strong levels of revenue and profit growth and by creating jobs. We’d like to see the Government do more to help them by focusing on skills, infrastructure investment and tax simplification.”