Special feature: The Fab 500

By Dean

15 Jan 2014

[quote-block][quote-content]

The phrase ‘turnover is vanity, profit is sanity’ is not lost on us!

Regardless of profit, the businesses in our Fab 500 are responsible for significant contributions to direct, indirect and supply-chain employment and to the general economic wellbeing of the county.

[/quote-content] [quote-author]Richard Slater, Publisher[/quote-author][/quote-block]

Mark Schofield, Haworths Chartered Accountants

With this survey we try to identify the economic drivers of Lancashire. We use the annual sales figure as the indicator and link the pre-tax profit and number of employees with that figure. We believe it is as important to know if a large business is struggling as it is to be reassured it is trading at a good profit. As you can see the number of employees whose own economic wellbeing is directly tied in with these companies is very large, to say nothing of all the people involved in the supply chain.

All that said we can see the Fab 500 are responsible for total sales of £27bn, (2012 £23bn), generate profit before tax of £1bn, (£1.1bn) and employ in the order of 150,000 people, (143,000). In other words sales seem to have increased by some £4bn, total profit before tax is similar and the number of employees is up by 7,000. We are told there is still an issue with productivity in the national economy and maybe these figures support that. We can see an increase in sales but total profits remain about the same despite an increase in the number of employees.

Sue Taylor, Accrington and Rossendale College

The Fab 500 is responsible for a turnover of almost £22bn and employs over 134,000 people throughout Lancashire, clearly displaying that they are economic drivers for the county despite the challenging climate.

Companies that invest in staff training and development and lead the way with apprenticeships and work-based learning, are the ones that have the flexibility and innovation to overcome and triumph through testing times.

We aim to reflect the needs of the community in the courses we offer to individuals and employers, and also build a strong future for our region by encouraging ambition, aspiration and achievement in all of our learners.

As principal of Accrington and Rossendale College, seeing the dedication of the businesses in the Fab 500 and our future workforce, I feel optimistic and enthusiastic about the future of Lancashire and its economy." [protected message="REGISTER FOR LBV HUB BELOW TO DOWNLOAD THE FAB 500"][cta link="http://www.lancashirebusinessview.co.uk/wp-content/uploads/2014/01/LBV-54-Fab-500-full-list.pdf"]DOWNLOAD THE FAB 500[/cta][/protected]

Enjoyed this? Read more from Dean

Latest news

1

Supermarket stays put in blow to town's £250m masterplan Blackburn Aerial

Supermarket stays put in blow to town's £250m masterplan

28 Mar 2024

2

Modern Milkman acquires American counterpart article placeholder listing image

Modern Milkman acquires American counterpart

28 Mar 2024

3

Tips for surviving Lancashire's pothole plague

Tips for surviving Lancashire's pothole plague

28 Mar 2024

4

The Pikes wines launched to support Lake District mountain rescue THE PIKES BLOG BANNER.jpg.jpg

The Pikes wines launched to support Lake District mountain rescue

28 Mar 2024

5

Fundraising success sees Stanley Women compete in Dallas Cup The Accrington Stanley Under 18s team which are currently in Dallas.jpg.jpg

Fundraising success sees Stanley Women compete in Dallas Cup

28 Mar 2024

Hwc 2024 Email Signature 980x120
Background image for hub sign up block

LBV Hub

Reach 50,000 members of the Lancashire business community

Post your news
Post your events
Post your offers
Company profile
Social reach
Magazine coverage
Sign-up
Events
Health and Wellbeing Conference 2024
Hwc 2024 Social Media 1200px 1
Networking
23 Apr 2024

Health and Wellbeing Conference 2024

Crow Wood Hotel, Burnley , BB12 0RT

08:30 - 13:00

Business Networking in Preston - BNI Brunch
EVENT LISTING SIZING Brunch .png.png
LBV Hub Networking
29 Mar 2024

Business Networking in Preston - BNI Brunch

Samlesbury Preston Hotel, Preston New Road, Preston, PR5 0UL

09:30 - 11:00

Business Networking in Blackburn - BNI Infinity
EVENT LISTING BNI Infinity.png.png
LBV Hub Networking
29 Mar 2024

Business Networking in Blackburn - BNI Infinity

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:30 - 08:30

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
02 Apr 2024

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Chorley, PR6 8SW

06:30 - 08:30

Business Networking in Blackburn - BNI Vista
EVENT LISTING SIZING Vista.png.png
LBV Hub Networking
02 Apr 2024

Business Networking in Blackburn - BNI Vista

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:45 - 08:30

Business Networking in Preston - BNI Diamond
EVENT LISTING BNI Diamond.png.png
LBV Hub Networking
03 Apr 2024

Business Networking in Preston - BNI Diamond

The Marriot Hotel, Garstang Road, Broughton, PR3 5JB

07:15 - 09:00

Business Networking in Lancaster - Eden Business Network
EVENT LISTING Eden Business Network.png.png
LBV Hub Networking
03 Apr 2024

Business Networking in Lancaster - Eden Business Network

The Borough, 3 Dalton Square, Lancaster, LA1 1PP

18:30 - 20:30

Business Networking in Accrington - BNI Zeus
EVENT LISTING SIZING Zeus.png.png
LBV Hub Networking
03 Apr 2024

Business Networking in Accrington - BNI Zeus

The Mill House, Corn Mill Yard, Accrington, BB5 5HX

06:45 - 08:30

Business Networking in Burnley - BNI Kudos
EVENT LISTING BNI Kudos.png.png
LBV Hub Networking
04 Apr 2024

Business Networking in Burnley - BNI Kudos

Prairie Sports Village, Windemere Avenue, Burnley, BB10 2FU

06:45 - 08:30

Business Networking in Lancaster - BNI Castle
EVENT LISTING BNI Castle.png.png
LBV Hub Networking
04 Apr 2024

Business Networking in Lancaster - BNI Castle

Vale of Lune RUFC, Powder House Lane, Lancaster, LA1 2TT

06:45 - 08:30

Business Networking in Blackburn - BNI Infinity
EVENT LISTING BNI Infinity.png.png
LBV Hub Networking
05 Apr 2024

Business Networking in Blackburn - BNI Infinity

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:30 - 08:30

Business Networking in Preston - BNI Brunch
EVENT LISTING SIZING Brunch .png.png
LBV Hub Networking
05 Apr 2024

Business Networking in Preston - BNI Brunch

Samlesbury Preston Hotel, Preston New Road, Preston, PR5 0UL

09:30 - 11:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more Lbv115 Online Graphic
Subscribe now

Weekly news bulletin