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

Wales & West Utilities
Wales & West Utilities operates a gas distribution network in Wales and South West England.

Watkin Jones Group
Watkin Jones Group provides a range of construction and development services, including residential, commercial and industrial developments.

Mon Motors
Mon Motors operates multiple car dealerships, selling a range of new and used cars, and providing vehicle repair and customisation services.

The Trade Centre Wales
The Trade Centre Wales operates a number of car dealership ‘superstores’ that sell used cars.

SPTS Technologies
SPTS Technologies provides a range of micro manufacturing systems to the electronics manufacturing industry.

Top 5 Visible Scaleups by Turnover Growth

Expert Group
Expert Group provides recruitment and training services for driver related jobs.

SIPHON Networks
SIPHON Networks provides technology for cloud based voice and unified communications technology.

Acquis Insurance Management
Acquis Insurance Management provides insurance brokerage services.

Jehu Group
Jehu Group offers a range of construction services.

Crusader Medical Care
Crusader Medical Care provides a range of nursing and care services.

Local LEP ScaleUp Programmes

The Development Bank of Wales – a wholly-owned subsidiary of the Welsh Government – provides Welsh businesses with capital to start upl strengthen and grow. In the financial year ending 31 March 2020 it made 402 investments worth £105.6 million directly into Welsh businesses, including completing co-investments in 2 visible scaleups. It also raised £60 million of additional investment from banks and other private-sector funders. In the same year the bank created or safeguarded 3316 jobs. There are currently more than 100 companies in the Bank’s equity portfolios. Notable recent scaleup exits from their portfolio include SIPHON Networks with a 2.11 return on investment and they have also supported six companies through initial public offering (IPO) on AIM.
The Bank has a network of network of local account managers who also make referrals to Business Wales for business advice and support. Business Wales delivers an Accelerated Growth Programme via a team of highly experienced and proven high growth entrepreneurs targeted at high growth businesses who want to enter their next phase of growth. Participants receive access to professional advisers, 1:1 coaching and mentoring and masterclasses in management development.

Scaleup Views

The key barriers to growth are Markets, Talent and Finance. They are looking for support through Procurement contracts, DIT, Public sector funding for innovation/R&D and Innovate UK.

Top barriers to growth

  1. Markets
  2. Talent
  3. Finance

want TO SEE more of:

  • Procurement contracts
  • DIT
  • Public sector funding for innovation/R&D
  • Innovate UK

Look out for developing scaleup activities in 2022.