LOCAL AREA SUMARY:

Wales

Total number of scaleups

No. by employee growth

No. by turnover growth

No. by employee and turnover growth

Total employees

Total turnover

Top 5 Visible Scaleups by Employee Growth

Smart Solutions Recruitment
Smart Solutions Recruitment operates a recruitment agency.

Laings Jewellers
Laings Jewellers sells high-end watches and jewellery.

George Williams Insurance Services
George Williams Insurance Services provides insurance brokerage services to commercial and business clients.

RMS
RMS offers a range of retail merchandising services.

Edenstone Homes
Edenstone Homes operates a home development company which takes care of the whole process from surveying land, planning and design, and building.

Top 5 Visible Scaleups by Turnover Growth

Teme Valley Tractors
Teme Valley Tractors sells and services tractors and other agricultural machinery.

Laings Jewellers
Laings Jewellers sells high-end watches and jewellery.

CyDen
CyDen develops and manufactures hair removal devices including their product  SmoothSkin .

George Williams Insurance Services
George Williams Insurance Services provides insurance brokerage services to commercial and business clients.

GLJ Recycling
GLJ Recycling provides waste management and recycling services.

Local ScaleUp Programmes

The Development Bank of Wales was initially established as Finance Wales in 2001 by the Welsh Assembly Government. In October 2017, it was renamed and strengthened as a national financial institution with greater scope to provide commercial funding to businesses in Wales. It is a wholly-owned subsidiary of the Welsh Government, providing Welsh businesses with capital to start up, strengthen and grow, and directing public funds to where they can have most impact. The Bank co-invests alongside other banks, VCs, angel investors, crowdfunding platforms and grant funders. It has a network of dedicated, local account managers. Referrals are made to Business Wales for business advice and support. Angels Invest Wales provides businesses access to more than 100 angel investors and syndicates through an online platform.

Scaleup Views

The key barriers to growth are access to UK markets, access to talent, access to external support and advice and access to infrastructure/premises and broadband. They are looking for a range of support, including peer networks and local professional services, as well as from general business support from government.

Top barriers to growth

  • Access to talent
  • Access to external support and advice
  • Access to UK markets
  • Access to infrastructure/premises and broadband

want TO SEE more of:

  • Peer networks
  • Local professional services e.g. accountants and lawyers
  • Banks and other financial suppliers
  • General business support from government

The Welsh Government and its agencies are currently developing their scaleup plans for 2020.