Full list of Kent's 50 fastest growing businesses revealed
The MegaGrowth 50 list has been unveiled - revealing the fastest growing businesses in the county.
The annual list - now in its 20th year - provides a performance table based on the average turnover growth of privately-owned businesses in Kent and Medway which have a minimum turnover of £1million as stipulated in full accounts registered at Companies House across the last four years.
MegaGrowth 50 is brought to you by Kreston Reeves and Brachers in partnership with Kent Invicta Chamber of Commerce. Those making the list were the first to hear the run down at a special breakfast presentation at the Tudor Park Marriott Hotel, near Maidstone on Wednesday 20th March 2024.
Meet Kent’s 50 fastest growing businesses...
1. Primech Building Services Ltd
Turnover increase: 738.9%
Rochester
Sector: Building Services
Founded by Declan Ausher, IHS Gas & Plumbing Ltd steadily built a strong reputation for providing quality services and in depth expertise.
Many loyal clients started to encourage Declan to expand the company and to provide more diverse services, which he did.
In 2019, Declan decided to re-brand the business to Primech Building Services to reflect the now wider range of services it had developed. It offers full design, installation, distribution, maintenance, testing and commissioning of all mechanical and electrical services.
The last five years has seen the business achieve rapid and outstanding organic growth and this has culminated in Primech Building Services achieving the top spot in the this year’s MegaGrowth 50 ranking.
This fast growing mechanical and electrical contractor prides itself on providing first class expertise and outstanding management to complete projects to a high standard.
Based in Rochester, the business serves clients mainly based in London and the South East, and has established an outstanding reputation across a wide range of sectors. It has successfully completed a wide range of projects including a state-of-the-art school, a prestigious new head office, a refurbished hospital wing, system updates to an airport along with an outstanding high end residential new build development worth circa £50 million.
On receiving his top spot award, Declan, Managing Director of Primech said:
“The organic growth we have achieved since Primech launched has come from bringing the best people together. Building a team with the right ethos and commitment to doing the best job possible for our clients.
“We have attracted clients quickly, quite simply, because we do a good job not just an OK one. We constantly ask for feedback from our clients and we make improvements off the back of this all the time.
“We have just opened a satellite branch in Luton and hope to open another one very soon. We are delighted to be recognised by the MegaGrowth 50 and can’t wait to share the news with our team.”
2. Drakemoor Ltd
Turnover increase: 319.6%
Sutton Valence
Sector: Construction and Refurbishment
Drakemoor was established in 2018 and is a building and refurbishment company specialising in the commercial, education, healthcare, and residential sectors.
It prides itself on a professional, friendly approach and aims to exceed expectations.
The focus on quality work and customer service has attracted a wide range of clients from across the South East. It has achieved significant growth over recent years.
In the last year alone Drakemoor has completed some outstanding projects which include the complete refurbishment of Court Regis Care Home in Sittingbourne, total refurbishment and renovation of a substantial residential dwelling in Sevenoaks and the refurbishment of a 38,000 sq. ft CAT A office in the City of London. One project of particular note is the creation of the Reflection Garden at Medway Hospital.
Working in the middle of a busy hospital during the recent pandemic Drakemoor removed and replaced circa 60 tonnes of material to create a new space for staff, patients and visitors to relax and reflect – all achieved in seven weeks.
Spenser Mills, Managing Director of Drakemoor said:
"Our growth has come from delivering high quality work and exceptional client care to very loyal blue-chip clients with sizable contracts.
"Having such a high level of repeat business gives us a healthy foundation of income to build on every year with new clients. All our profit is reinvested into the business and that includes our staff.
"We are strong believers that a happy team is a productive team."
3. Kingsheath Construction Ltd
Turnover increase: 241.9%
Bredhurst
Sector: Building Services
Kingsheath Construction, established in 2018, is a leading groundworks, civil engineering and reinforced concrete frame contractor to the construction industry.
It takes pride in exceeding expectations using the latest technology, combined with solid construction principles and an outstanding health and safety team.
The business offers demolition services for commercial, industrial, and residential projects as well as the continuation of works post demolition in regard to site clearance and remediation. Also on offer is a full range of ground work and earthwork services.
Kingsheath has a specialist division focused on the construction of reinforced concrete sub-structures and superstructures to a wide variety of specifications and finishes.
In addition, they have a broad experience of delivering complex highways and civil engineering projects.
Matt Berry, Director of Kingsheath Construction said:
"Our growth over such a short period of time is all down to our team - their hard work and dedication to our clients. We are a new business in a very traditional sector and we take a fresh approach which our clients welcome."
Jamie Pike, Director of Kingsheath Construction, concluded:
"Our reputation has spread very quickly and this has contributed to us attracting new projects that are ever increasing in value. We really appreciate being recognised for our success so early in our business journey."
The 50 fastest growing, privately owned companies
Ranked by percentage of growth
KEY: Last available year of accounts, all prior years are from that date. Calculated by measuring growth in revenues over the last four financial years. Companies must have a minimum turnover of £1m. Figures are taken from accounts filed at Companies House as of 21st June 2023, and those submitted to Kent Invicta Chamber of Commerce by firms themselves.
MegaGrowth 50 is licenced from the KM Media Group, part of Iliffe Media
