The companies comprising Cambridgeshire Limited have yet again produced a strong set of financial results, though growth is slowing and a note of caution seems to be creeping in.
Compiled annually, our survey analyses the financial performance of Cambridgeshire’s 100 largest companies. It provides a yardstick against which the county can assess its economic performance and businesses can benchmark themselves against their peers.
How Cambridgeshire Limited is compiled
Cambridgeshire Limited 2019 was compiled using the most recent publicly available accounts (as at October 2019) of the county’s 100 largest companies (based on turnover) which have their principal place of business and management in Cambridgeshire.
The research excludes companies that are owned by overseas companies or where management and strategic decision makers are based outside the county. This approach provides a more accurate picture of the wealth creation and importantly, the retention and re-investment of profits in Cambridgeshire.
This year the report also showcases a number of 'Ones to Watch' - businesses that are just breaking into or look likely to feature in the Top 100 in future years.
It is clear that business in Cambridgeshire is continuing its growth story with further year-on-year increases in both turnover and profit. However the growth rates have slowed since 2018 and this, coupled with a reduction in borrowing and a strengthening balance sheet, suggests a feeling of caution among many.
There is no need for despondency, though, rather it is encouraging to see that business leaders are planning for uncertain times and sustainable growth, while avoiding complacency.
Discover key information regarding regional trends and learn more about our Cambridgeshire Limited report.