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High Growth Businesses

High-growth firms are defined by the OECD as those with ten or more employees that have recorded average annual growth rates of 20 % or more (in employment or sales) over a three-year period. Another similar measure, used by Eurostat, sets the threshold growth rate at 10 %.

The past 20 years have seen a myriad of global, economic, political and social uncertainties affect the UK. They include the bursting of the dotcom bubble, the 2008 financial crisis and most recently, Britain’s decision to leave the EU. Yet, these macro challenges have not interrupted the growth of several high growth companies in the UK. SMEs make up 99.9% of all businesses, at least 24% of them employ one or more other staff, with five percent classed as high-growth.

In the UK, all sectors have a share of their high growth businesses, with a total of 12,000 across all regions of the country. In fact, the North East has the highest proportion of high-growth enterprises of all regions, relative to the total number of businesses. Although, high-growth enterprises are also concentrated in London and the South East, taking into account the size of the local adult and business populations reduces the degree of concentration.

Using the higher threshold of 20 per cent, the UK had 12,495 high-growth enterprises in 2013, equivalent to just over 5 per cent of the business population with more than 10 employees, and just 0.2 per cent of the total business population (ONS 2015a and BEIS 2016a). Utilising the lower growth threshold, the UK had 23,685 high-growth enterprises in 2013, employing 2.6 million people. Separating this out into the economy’s three main sector categories – production, services and construction –suggests that high-growth businesses are relatively well-distributed across types of economic activity: 13 per cent of businesses in production are high-growth, 12 per cent of services businesses and 11 per cent of construction firms (OECD 2016).

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The Benefits of 3D to Business

With advances in technology has come a growth in the utilisation of 3 dimensional service applications. These applications have become increasingly beneficial for use within business, aiding the streamlining of the sales and marketing process. Such solutions would include the implementation of in-store or web based configuration platforms that allow consumers to design products to their specifications. 3D has additionally increasingly been utilised in the marketing sector for the purpose of more engaging and high quality advertisements. Some of the benefits a business would encounter through the adoption of 3D facilities into their business would include:

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Asset Management Industry

As reported by the FCA, as of November 2016, there was 1,840 asset management firms authorised within the vicinity of the UK. Within this sector in the UK there is around £6.9 trillion of assets under management (AUM). The retail sector accounts for around £1tn of these assets and around £3tn of this is managed on behalf of pension funds and various other institutional investors, such as hedge funds, REITs, and insurance companies. It can be estimated that the final sum of around £2.7tn managed within the UK is on behalf of overseas clients. 

Within the UK it is now seen that the large majority of adults have assets under management in one form or another. With pension schemes now a legal requirement for businesses to offer employees, it is now found that over three-quarters of adults within the UK today have some form of occupational or private pension fund. In addition to this, it has been evidenced through FCA statistics, around 14% of adults within the UK also hold stocks and shares ISA’s.

Unlike some market sectors, the asset management sector is not overly concentrated. The top 10 managing companies within the UK, although taking majorityshare, account for around 47% of the total market share. These top 10 consist of companies such as Black Rock, Standard Life Investments, M&G, and many more as listed within the bar chart below.

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The Food Supplement Market

The study of Euromonitor International shows that the food supplement market within Europe should be growing approximately at a rate of 9.5% in the next years. Statistics have gone to illustrate that the current European market value for food supplements stands at €7.2bn in 2015 and is expected to reach a value of €7.9bn by 2020.

Looking more specifically at the UK, 46 per cent of Britons are using supplements regularly in efforts to boost their health. If this is the case, with a rough current population of 65.14 million, the UK estimates would suggest that 29,964,400 people within the UK currently utilise some form of food supplements to maintain a healthy lifestyle.

As presented in the chart below, vitamins and minerals and skin care treatments feature among some of the largest over-the-counter (OTC) sold products within the generic health products market in the UK. 

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