9 rapidly expanding Gloucestershire businesses

Despite the impact of the pandemic, some Gloucestershire businesses have expanded at an astonishing rate – with acquisitions, huge leaps in profit, new premises and new systems all notable achievements.

By Andrew Merrell  |  Published
Mark Stewart and Ash Hunt of Stewart Golf celebrate the firm's win in the SoGlos Gloucestershire Business Awards 2021 International Business of the year category.
Mark Stewart and Ash Hunt of Stewart Golf celebrate the firm's win in the SoGlos Gloucestershire Business Awards 2021 International Business of the year category.
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Whether they adapted, embraced digital, acquired other firms or simply forged ahead, some Gloucestershire businesses have managed to significantly grow despite the pandemic.

SoGlos reveals nine shining examples of rapidly expanding organisations, with substantial achievements during the most difficult of times.

Stewart Golf

When Mark Stewart first received feedback on his motorised remote control golf trolley he was advised it was not a ‘viable’ business idea.

How wrong his critics were. Pre-Covid-19 Stewart Golf was already a Queen’s Award winner for exporting and in the early pandemic sales to the US quadrupled to reach $2 million (£1.45 million) in the first half of 2020.
Staff numbers at the Quedgeley-based manufacturing business grew by 60 per cent to cope. Stewart Golf also won the International Business of the Year award at the SoGlos Gloucestershire Business Awards 2021.

Emma Willis

Slade School of Fine Art in London graduate, Emma Willis, was working to make a name for herself as a portrait painter and singer in the capital in the 1980s while selling shirts door-to-door in the City to pay her way.

That was until she landed an order for 100 shirts in one morning from stockbroker Kitcat & Aitken. Today her ‘Emma Willis’ luxury shirts sell from an exclusive Jermyn Street shop in London.

Sales have doubled through the pandemic and, in January 2022, she revealed the business had bought its headquarters, the 18th Century Bearlands House in Gloucester city centre.

CDS Defence & Security (CDS DS)

Cheltenham cyber defence specialist CDS DS is part of the significant Leeds-based Bailie Group. The end of 2021 saw the county firm unveiled an ‘ambitious growth strategy’ with its first takeover of specialist Worcestershire-based telecommunications training firm Ubi-Tech.

Bailie Group’s most recent accounts describe CDS DS as an engineering consultancy supporting the defence industry with contracts in the MOD giving it resilience through the pandemic.

It has also developed its work as a consultancy to all businesses and its ‘roster of capabilities’ now include support engineering, training and learning development, operational support and cyber security and information assurance services.

Off-Piste Wines

Business partners Ant Fairbank and Paul Letheren founded Off-Piste Wines in 2007 and continue to steer and grow the business alongside managing director Andy Talbot.

Sales were up 21 per cent in the year to February 2021 (from its last available financial report) with its Most Wanted wine brand seeing a rise 63 per cent over the same period.

It is a success which saw the Gloucestershire firm, which supplies the off-trade, become the fifth fastest growing top 50 still wine brand in the UK, up 10 places to 28.

Highfield Garden World

In possibly the most modest summary of a business’s performance you will find for the period covering the core of the pandemic, Highfield Garden World described its increase in turnover as ‘satisfactory’.

Despite the challenges of running a retail business and restaurant through a period hampered by lockdowns and social distancing rules, the Whitminster family firm increased taking from £6.25 million to £7.6 million.

It sited support from the government’s furlough scheme and ‘eat out to help out’ campaign in the summer of 2020. Profit before tax was up from £898,065 to £2,311,991.

ReformIT

Fast-growing Cheltenham firm managed IT firm, ReformIT announced in July 2021 it had acquired Grafx Digital Technologies, as it continued to grow its customer base in Gloucestershire and beyond.

Grafx, also based in Cheltenham, has been serving clients across the south west for 30 years, looking after businesses using both Microsoft Windows and Apple products.

ReformIT, 17 years its junior, has grown significantly over the last five years under managing director Neil Smith who said the business now boasted ‘a phenomenal set of skills and experience across both Apple and Microsoft based technologies’.

Blade Room

Paul Rogers designed industrial kitchens before coming up with what is credited with being ‘the world’s first air-cooled computer server room’.

It is this technology which saw the launch of Cheltenham-based Bladeroom, which makes high performance modular buildings for data centres, hospital theatres and pharmaceutical labs.

Turnover for the year ended March 2020 jumped ‘significantly’, from £41.6 million to £49.9 million. Operating profit for the year was £2.1 million, up from £1.8 million.

Portman Dental

Dental firm Portman Healthcare revealed its ambitious takeover strategy and annual turnover grow by £3.9 million – despite it being closed to patients for much of that time.

Its most recent accounts, for the year ending 30 September 2020 (its most recent available financial data) show the Cheltenham group managed to increase income to £116.9 million, up from £113.1m in 2019, with gross profit reaching £54.6 million (2019: £52.6m).

St James’s Place

Wealth management firm and arguably the county’s ‘biggest business’ on paper, St James’s Place revealed in January 2022 its funds under management hit a record £153.99 billion in its fourth quarter, as it brought in £2.91 billion pounds of net new money.

‘Total net inflows’ of funds during 2021 came to £11.04 billion, representing 8.5 per cent of opening funds under management.

Chief executive Andrew Croft said the firm ‘remained confident’ of reaching more than £200 billion pounds under management by end-2025.

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