Wales’ Pharmaceuticals Stars Named in High-Growth Ranking
A trio of Wales’s most innovative and dynamic businesses have been named in a new ranking of the UK’s fastest-growing privately-owned pharmaceuticals companies. The Alantra Pharma Fast 50 Index, an annual ranking of non-listed companies in the sector, includes three fast-growing businesses based in the region.
The ranking, compiled by Alantra, the global investment banking and asset management firm, is based on the revenue growth achieved by privately-owned pharmaceuticals businesses in each of the past two years. The benchmark underlines the remarkable strength and depth of the UK’s pharmaceuticals sector, including a diverse range of privately-owned businesses that consistently deliver outstanding growth.
The leading Wales-based business in the ranking is the clinical research group Simbec-Orion. Based in Pentrebach, Glamorgan, Simbec-Orion has delivered annual sales growth averaging 28% a year over the past two years, and this track record saw it ranked as the 13th fastest-growing privately-owned pharmaceuticals business in the whole of the UK.
Other leading business in the region posting rapid sales increases include RSR, which is based in Cardiff, with average annual sales growth over the past two years of 25%. Not far behind, Cardiff-based R.K. Aggarwal has achieved average annual sales growth of 20% over the past two years.
Tom Cowap, a Director in Alantra’s UK advisory business, said: “Despite some challenging headwinds, including the spectre of Brexit now looming large, Britain’s privately-owned pharma businesses have delivered remarkable growth in recent years – these firms include some of Wales’s most dynamic growth companies.”
“Leveraging their intellectual property, global market leadership and their passion for innovation, these businesses are well-placed to continue flourishing.”
To qualify for inclusion to the Alantra Pharma Fast 50, companies must have achieved annual revenues of £2m or above in the first year of assessment, and to have filed three years of accounts at Companies House. These accounts should show two successive years of revenue growth. They must also be registered in the UK as private, independent and unquoted companies.