Former Spice Girl Victoria Beckham has been ranked number one on a list of top British entrepreneurs that have seen considerable growth in revenue and an influx of job opportunities in their businesses.
Beckham’s own brand fashion house in particular has seen its revenues soar 2,900 per cent over the last five years to £30m last year. Her personal wealth has also soared to over £210m.
“Her Victoria Beckham operation, fresh from the triumphant opening of its first shop in London’s Mayfair, has grown from £1m turnover to £30m in the past five years, and staff numbers are up from three to 100 in the same period,” said Philip Beresford, who compiled the list for Management Today.
Fourteen other women joined Victoria Beckham on the MT list, including York based software entrepreneurs such as Suzanne Marshall-Forsyth (number 85) and Cathie Paver (number 93), founder of the fast-growing shoe chain. Yorkshire is home to 14 of the Top 100, second to London and the south-east with 32. Scotland shows it has a flourishing enterprise culture, with 11 of the MT 100.
Nearly a third of the entrepreneurs named came from niche manufacturing companies, with 14 working in tech. MIT also pointed out that the MT 100 demonstrated the burgeoning entrepreneurial talent of Britain’s Asian community, with nine members or families making it onto this year’s list.
The 100 entrepreneur’s identified in the last MIT list had increased their turnover from around £9.3bn to £16.7bn. This year’s crop have gone much higher: from £16.1bn to £30.2bn, which represents an 88 per cent rise.
In five years, these entrepreneurs have added more than 61,556 employees to their payrolls, taking their head count to 158,189, a 68 per cent rise.
While the MIT list is moving in the right direction, a sign of some economic recovery, its longevity depends on continued entrepreneurialism and the benefits and opportunities these figures can supply to others.
“They are the best hope for Britain to enjoy a sustained recovery, with more jobs to come, especially for the army of school and university leavers,” Beresford added,