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    From Saturday, October 25, up to and including Monday, October 27, closures will affect rail travel between Reading and Wokingham. Picture: Great Western Railway

    ‘Crucial’ works to see rail lines closed between Reading and Wokingham this weekend

    Quizzers can enjoy The Great #Woky Pub Quiz, at Woosehill Community Hall, on Friday, February 16. Picture: Jeshoots.com via Unsplash

    Me2Club offers a tasty Reading quiz on Wednesday

    The award for The Ship Inn.

    Award for Wokingham pub

    Ed Davey with MP Clive Jones and Cllr Katrin Harding at DInton Pasrures. Pic: Anrdew Batt.

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    Members of Wargrave Local History Society learnt about Victorian Henley at their recent meeting. Picture: courtesy of WLHS

    History group discovers Victorian Henley

    Twyord Bonfire and Fireworks evening will entertain visitors with a spectacular display on Saturday, October 25. Picture: PublicDomainPictures via Pixabay

    Expect fun, fireworks and fundraising in Twyford

    Share Wokingham operates at locations across the borough, through the week, providing fresh groceries. Picture: courtesy of Share Wokingham.

    Struggling families can get help with groceries

    Woodley and Earley Lions Club will hold a fundraising quiz to raise money for borough good causes, on Saturday, September 28. Picture: free use via Pixabay

    Enjoy a Charvil quiz night for Understanding Dementia

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    Royston Drenthe Picture: Wikimedia Commons, Juan Fernandez

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    Quizzers can enjoy The Great #Woky Pub Quiz, at Woosehill Community Hall, on Friday, February 16. Picture: Jeshoots.com via Unsplash

    Me2Club offers a tasty Reading quiz on Wednesday

    Ed Davey with MP Clive Jones and Cllr Katrin Harding at DInton Pasrures. Pic: Anrdew Batt.

    Davey calls on “sinking ship” Thames Water to rule out increases

    Members of Wargrave Local History Society learnt about Victorian Henley at their recent meeting. Picture: courtesy of WLHS

    History group discovers Victorian Henley

    Twyord Bonfire and Fireworks evening will entertain visitors with a spectacular display on Saturday, October 25. Picture: PublicDomainPictures via Pixabay

    Expect fun, fireworks and fundraising in Twyford

    Share Wokingham operates at locations across the borough, through the week, providing fresh groceries. Picture: courtesy of Share Wokingham.

    Struggling families can get help with groceries

    Woodley and Earley Lions Club will hold a fundraising quiz to raise money for borough good causes, on Saturday, September 28. Picture: free use via Pixabay

    Enjoy a Charvil quiz night for Understanding Dementia

    Wokingham In Need presents a night of opera at Wokingham Town Hall. Picture: courtesy of WIN

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    The award for The Ship Inn.

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    Health and social care teams across Buckinghamshire, Oxfordshire and Berkshire West (BOB) are joining forces to prepare for the winter period. Picture: Nicolas Leclercq via Unsplash

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    Scouts battled for a place on the international Jamboree to take place in Poland in 2027. PIctures: Scouting organisation

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    Meetings at Wokingham Quaker Meeting House are on Sundays at 10.30am. PIcture: Michael Ford, Wikimedia Commons

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    Six million Covid-19 jabs administered in Berks, Bucks, Oxon since 2020

    Sandra's dogs. Pic: Guide Dogs.

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    An exhibition at the FBC Centre in Finchampstead will highlight the seriousness of domestic abuse. Picture: NoName 13 via Pixabay

    A free exhibition in Finchampstead will highlight domestic abuse

    Tense courtroom drama The Winslow Boy at Wokingham Theatre is based on a true story. PIctures: Simon Vail Photography

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    London's New Players' Theatre Company, with Tom carradine on pianoforte, will entertain at Wokingham's Whitty Theatre on Saturday, October 4. Picture: New Players Theatre Company

    My lords, ladies and gentlemen, for your delight and delectation, an old time music hall show

    A Fairytale for Christmas

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    CSI will perform for one night only at Wokingham Theatre, on . Picture: Jayda Fogel

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    Audiences can see Mozart's The Magic Flute, performed by Park Opera, at Wokingham's Whitty Theatre at the end of October. Picture: A Different Perspective via Pixabay

    Enjoy a night of opera in Wokingham

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Home Area Bracknell

Berkshire businesses bounce back

by Andrew Batt
March 30, 2024
in Bracknell, Business, News, Reading, Wokingham
The report highlighted the best Berkshire businesses.

The report highlighted the best Berkshire businesses.

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New research has revealed that Berkshire’s privately-owned businesses have gone from strength to strength, despite the recent economic challenges, to achieve a combined turnover of almost £8 billion last year.

The inaugural Berkshire Limited report published by Grant Thornton UK LLP, analysed private companies in the region and highlighted the county’s top 50 companies as measured by revenue growth and by average EBITDA (earnings before interest tax depreciation and amortisation) margin.

This analysis revealed a 23% year-on-year growth in revenue totalling £7,896 million, as well as a significant rise in last year’s total BITDA to £371 million, a 12% increase on 2022.

The county’s technology, media and telecoms sector contributed the highest proportion of overall revenue, at £4,749 million.

Notable Berkshire companies in this space include Westcoast Group Holdings Ltd, the Reading-based UK distributor of global IT brands, which recorded the sector’s largest turnover at £3.627 million.

Business software firm Iris Software Ltd, which has the third highest turnover in the sector, also achieved the highest reported EBITDA margin.

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The consumer market followed as the second largest sector by revenue in 2023, with a 59% increase in turnover from 2022 to £1,246 million.

The Slough based furniture retailer Furniture Village Holdings Ltd was the county’s number one consumer business by turnover last year, with Travel Up Group Plc second, having achieved 784% growth rate over the last three years.

When ranked by turnover over the past three years, Travel Up Group Plc was also identified as Berkshire’s top performing business.

Iris Software Ltd came out on top when the firms were arranged by average EBITDA margin for the same time period.

Multiple other sectors were found to have performed well, with healthcare, industrials, and real estate and construction all recording increases in turnover, EBITDA and employee headcount during the past year.

While a comparatively smaller section of Berkshire’s economy, healthcare recorded the largest EBITDA increase of any sector, growing by 55% in 2023 to reach a total of £19 million.

This performance was likely buoyed by Berkshire’s proximity to the Golden Triangle of leading universities as well as real estate activity in the sector.

Will Rose, Reading-based corporate finance director at Grant Thornton UK LLP, said: “The inaugural Berkshire Limited report provides a great snapshot of the county’s economy, how it’s dealt with recent challenges and where its strengths lie.

“The exceptionally strong growth in revenue is particularly impressive given the recent recession news and the profit results prove that Berkshire’s top businesses are in a robust position.

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