Thirty six Lincolnshire businesses have been named in the top 200 for profit growth in the East Midlands, with two of them in the top three.
Lincolnshire’s fastest growing business is Bourne-based Ballast Phoenix, which is ranked in second place. It is the UK’s leading service provider to the energy waste industry and specialises in recycling waste into useable ash material for the construction industry.
Lincoln Protein, the animal rendering plant in Skellingthorpe, closely follows in third place, with Lincolnshire’s CGI Managed Services Group (IT outsourcing) ranked 13th in the list.
Derbyshire-based UKCG Group were ranked in first place. The firm produces, distributes and services Carbon, Graphite and Magnesium products to global industrial sectors including aerospace, defence and steel.
This is according to The East Midlands Top 200 Report 2019, which was published on September 17 by the regional office of business and financial advisers Grant Thornton UK LLP in association with the CBI, HSBC and Macildowie.
The 200 businesses in the report are based across Derbyshire, Nottinghamshire, Leicestershire and Lincolnshire. They have grown profits by an average of 30% and employment by 8.2%, and together provide more than 68,000 jobs across the East Midlands.
Lincolnshire companies taking up 36 places in the list shows a 32% average adjusted profit growth rate and a 10% rise in employment, totalling 7,352 people.
The top market sectors for the county are agriculture, food & drink (7 companies), property &construction (7 firms) and retail & leisure (7 businesses).
The average salary at the companies is £25,200 according to the study, with a 3.4% average pay increase.
The full list of Lincolnshire companies and their ranking is:
Ranking
Company name
Sector
2
Ballast Phoenix
Property & construction
3
Lincoln Protein Holdings Ltd
Agricultural food and beverage
13
GCI Managed Services Group Limited
Services
19
Acorn Partitions & Storage Systems
Services
20
Brayford Plastics
Manufacturing
22
Parkacre Holdings Limited
Manufacturing
29
Internet Fusion Limited
Services
43
Freshlinc Group Limited
Transport and logistics
57
Lincolnshire Herbs Ltd
Agricultural food and beverage
63
Belvoir Lettings PLC
Property & construction
64
Mortons of Horncastle Limited
Manufacturing
69
Lindum Group Limited
Property & construction
73
Broadgate Builders (Spalding) Limited
Property & construction
73
Sharmans Agricultural Limited
Agricultural food and beverage
80
The Bay Group/Freshtime UK Limited
Agricultural food and beverage
86
B.A.Bush & Son Limited
Retail and leisure
87
Chandlers (Farm Equipment) Limited
Retail and leisure
93
Taylor Lindsey Limited
Property & construction
98
Tanglewood Care Homes Limited
Services
105
Game Engineering
Manufacturing
111
Teen Spirit Limited
Retail and leisure
112
Mark Harris (Lincoln) Limited
Retail and leisure
114
Turnbull & Company
Property & construction
118
Hawkes Farms
Agricultural food and beverage
136
Staples (Vegetables) Limited
Agricultural food and beverage
149
Direct Leisure Supplies Limited
Manufacturing
154
Hexadex Limited
Manufacturing
158
Pennell’s Garden Centres
Retail and leisure
163
L.J. Fairburn And Son Limited
Agricultural food and beverage
173
Doubleday Group
Agricultural food and beverage
176
Ruskington Garden Centre Limited
Retail and leisure
179
Elsoms (Spalding) Limited
Agricultural food and beverage
184
Daubney (Holdings) Limited
Property & construction
187
Kiowa Holdings Limited
Manufacturing
188
Ambitions Personnel Limited
Services
192
Majestic Bingo Limited
Retail and leisure
Ballast Phoenix, Lincolnshire’s fastest-growing business
The firm turns ashes from energy to waste incinerators into materials for the construction industry
Based in Bourne, Ballast Phoenix is owned by a Dutch parent company and specialises in recycling ash. The company takes the residue from incinerated household waste and processes it to create Incinerator Bottom Ash Aggregate (IBAA), a useful product used in the construction industry.
This process also recovers residual metals which are eventually reused in various manufacturing industries such as the car industry.
Matthew Turner, Director at Ballast Phoenix, said: “There is great demand for our services as UK waste companies need our specialist approach to reduce their contribution to landfill, and the skills and expertise within the business mean we are well primed to quickly take advantage of opportunities in the market.
“By buying into the reuse and recycle concept, we have tapped into growing residual markets, helping us to achieve a profit growth of 134% compounded over the three years under review.
“Since the beginning, we have invested to improve the quality of our products and technology, sourcing funds through a combination of bank and group funding and R&D claims, and this is what will continue to drive our growth.
“By investing in technology to find alternative ways of doing things, we are well positioned to manage the unpredictable nature of the materials we handle, as well as changes in consumer habits and legislation.”
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Lincoln’s pre-fab housing which has stood since the Second World War should be pulled down when the opportunity arises, a councillor has said.
Roughly 100 homes from the 1940s are still standing around the Outer Circle Drive area.
They were built to last around 20 years during the post-war housing shortage using pre-fabricated steel.
The planning committee voted this week to demolish one which had become “unfit for habitation”, and Councillor Edmund Strengiel called for others to follow when possible.
“It’s long overdue for prefab houses to be knocked down. These houses should only have lasted 20 years, although some may still be comfortable and liveable,” he told the meeting.
One pre-fab is deemed to be ‘unfit for habitation’ | Image: City of Lincoln Council
“In my hometown, many of these were demolished in the 1970s, and something much better was put in their place. We could have lovely bungalows here.”
He added: “I have no doubt people still want to live in them, and I’m not suggesting that anyone should be forced to move out if they don’t want to.
“To be fair to the council, money isn’t readily available. It would probably be a case of taking them down and replacing them one by one.
“But if the funds are there and the residents are happy, it is time for the council’s housing team to make that decision.”
Around 157,000 homes were constructed around the country after the war, although not many are still standing.
There are around 100 pre-fabs from the 1940s around Outer Circle Drive in Lincoln | Photo: City of Lincoln Council
The bungalow on Outer Circle Drive had fallen into disrepair after the tenant refused improvement works on several occasions.
It was declared void in March 2020 following a survey.
‘Raunchy mini-golf action’ is coming to Lincoln as GloryHoles Golf prepares to open its third bar later this summer.
GloryHoles Golf will open in the unit formerly occupied by Interpsort on Lincoln High Street, initially for drinks by the end of July.
It is expected to open with a full 18 holes of raunchy mini-golf action, including 13 lucky dip holes, before the end of September.
GloryHoles was set up by business partners Dan Brown, Drew Hewitt and Dave Hood of Curious Venues, who have so far opened venues with their ‘unique adult mini-golf experience’ in Nottingham and Sheffield.
The bar area is expected to include arcade machines, pool and beer pong, and there is also expected to be an upstairs room for private hire with games and screens. The 18 holes will each have their own unique themes and challenges.
There are also plans for a terrace area, as well as outdoor seating in front of the building. The former occupiers of the building Intersport closed in January 2021 before reopening for a weekend in June last year to dispose of its remaining stock.
GloryHoles Golf will open on Lincoln High Street in the unit formerly occupied by Intersport. | Photo: The Lincolnite
It is understood that prices will be £10 per head from Monday to Thursday, and then £12 Friday to Sunday. Opening hours are expected to be 4pm-11pm on Mondays, 12pm-11pm Tuesdays to Thursdays, 12pm-1am Fridays and Saturdays, and 12pm-10pm on Sundays.
If Lincoln matches its Nottingham bar, then customers could be urged to “grab your club and take it to the jungle, ride the wave and take on extraterrestrials across 18 uniquely themed holes to fill”.
GloryHoles provides ‘adult themed crazy golf’. | Photo: The Lincolnite
In terms of the bar and lounge, its Nottingham venue says “even the best need to take a break after getting balls deep in our holes.”
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