The UK’s economy passed through the tumultuous 2018 registering the slower than the expected growth; at the same time, people came across huge jolt of an interest rate hike by Bank of England. Pays were not raised according to inflation that put barriers to a shopping spree of households. The projected UK’ growth rate for 2018 was around 1.3% and 1.6% for 2019. When the UK is facing uncertainties about leaving the EU in 2019, almost all the top ranking businesses in the UK are facing more complex challenges to keep the growth rate on the track. Most of the economists seem pessimistic about the business environment in 2019, but few companies succeeded to record good performance during the past couple of years. Following are the top eleven companies, according to my opinion, that can be taken as the benchmark for sustaining growth amid unfavourable conditions:
It is one of the world’s oil and gas ‘supermajors’. BP stands large organisations the list of good doing businesses. The company with headquarter in London suffered in recent times because of many unexpected developments like the 2010 oil ring explosion case that proved costly for financial stability and trade repute both. The company recovered from the set back by the remarkable management and business policies, today, it was back on the right track with £141 billion turnovers in 2017.
Royal Dutch Shell is widely known oil and gas giant. It registered a remarkable turnover of £187 billion in 2017. The company acquired ‘First Utility’ also in 2017; so, it is all set to supply the energy to move over 825,000 UK households. Although the cost of the deal was kept a secret, it is expected to be around £200-£300 million. The company entered into new business niches also.
It is the undisputed supermarket giant. It celebrated its centenary with £56 billion turnovers in 2017; it was a decent figure for a retail outlet that started its journey just from a few local market stalls. Moreover, 6,800 retail stores and 400,000 colleagues are powering their growth engine. It is committed to serving its client better than the previous day. The first supermarket was started in 1950.
Legal and General Assurance:
It is a pension management specialist agency in the UK. The leading insurance provider enjoyed a whopping turnover of £55 billion in 2017. The company remained the largest pension fund assets investment management company in the UK; it is also the largest provider of auto-enrolled pensions with more over 2.2 million clients.
It is one of the giant insurance providers in the UK with more than £55 billion turnovers in 2017. It has more than 33 million customers in 16 countries. It offers the broadest range of insurances including personal, vehicle, life cover and accidental. Over £34 billion were paid out to the customers in claims in 2017 alone. The establishment in 1696 makes it a class apart insurance business company.
Lloyds Banking Group:
Also owning Halifax and HBOS, it is the UK’s largest retail banking agency. It registered significant growth in 2017 in comparison to 2016 achieving a revenue target of £48 billion in 2017. Lloyds Bank is one of the oldest banks tracing its startup in 1765 in Birmingham. Lloyds Banking Group provides financial and banking services under Lloyds Bank, Halifax, Bank of Scotland brands. It operates in three segments: commercial banking, insurance & wealth and retail. The retail sector provides a wide range of financial service solutions.
It has been serving the UK community for over a century with a well-defined mission to meet everyone’s needs for affordable nutrition, personal care and home hygiene and with that help, the people feeling good and look good to lead a better life. As of today, 16 of 40 brands including Persil, Dove, Magnum, Marmite, Lynx etc. are the well-accepted market leaders. Revenue in 2017 was registered £44.4 billion. The agency is respected for contributing around £8 million to several projects in the UK pioneering initiatives in education, arts, nutrition, health and sustainable development.
Glencore Energy UK Ltd, a subsidiary of Glencore UK Ltd., is engaged in selling physical oil commodities. The company with headquarter in London registered a turnover of £39.6 billion in 2016 with a gross profit of £143,299,207. The company was founded in 2002.
Despite a substantial fall in profit in the August – September months in 2016, it emerged as the second biggest UK energy supplier with a turnover of £29 billion in 2017. SELF EMPLOYED is committed to providing a wide range of energy-related services for current and future needs. It the leading provider of in low-carbon energy services in the world. SSE played an essential role in Scotland’s strategic much needed hydro revolution began in 1943. As of today, it is the UK’s largest renewable energy producer.
It is a public limited company in Brentford, United Kingdom. It employs 23 people. The company started a business in the British market in 1999-12-06. As on 2016-12-31, the company’s turnover was £27,889,000,000, while the gross profit was £18,599,000,000. Better known as GSK, it is engaged in pharmaceutical products. Established in 2000 by the merger of Glaxo Wellcome and SmithKline Beecham, it was the world’s 6th largest pharmaceutical business in 2015 ranked after Pfizer, Hoffmann-La Roche, Novartis and Merck.
It is the leading company that suffered a heavy loss because of adverse weather conditions. Still, it emerged as the winner in the UK with a turnover of £25.1 billion in 2017. The company was initiated in 1873. As of today, it has a noticeable presence in 35 countries across the six continents. Its ‘mine of the future’ program brought glory to its cap. The company partners with organisations like the International Council on Mining & Metals also for the better health peaceful future.
All the top-ranked companies in the UK are doing well despite facing certain odds. Most of above the referred companies are operating in multiple countries with performance. Ranking a company merely by profit or revenue is indeed not a good idea to scale its professionalism showcased in adverse conditions.