47 Skin secures place in Sunday Times growth rankings

47 Skin, a business based in York, ranked fourth in Yorkshire and the Humber and 83rd nationally in The Sunday Times 100, a list of the UK’s fastest-growing private companies.

The ranking, now in its fifth year, recognises entrepreneurial businesses making significant growth outside the technology sector.

Jon Yeomans, business editor of The Sunday Times, said: “Celebrating five years of The Sunday Times 100 shows the amazing variety of British businesses, led this year by the media producer Goalhanger taking the number one spot.

“The biggest trend over the last five years is the rise of consumer brands, with food, drink, fashion, and beauty companies now making up nearly half the list.

“Several businesses who have featured in the past, such as Huel and Applied Nutrition, have continued to grow and find huge success, from launching on the stock market to being bought out by global giants.”

This year’s Yorkshire and the Humber entries also include health supplement brand Vidrate in West Yorkshire, which topped the regional list (28th nationally); Sheffield’s Blend Family (40th); Leeds-based Wilson Power Solutions (76th); and Slick Gorilla, another Leeds company (95th).

47 Skin, which recorded £12.8 million in sales and 62.7 per cent annual growth over three years, produces skincare products aimed at managing acne and other skin concerns.

The highest-ranking company in the region, Vidrate, achieved £5.7 million in sales with a 120.3 per cent average annual growth rate.

The Sunday Times 100 companies averaged 108 per cent annual sales growth over three years, generating a combined £4 billion in revenue and employing 13,700 people.

The ranking excludes companies selling their own technology, which are listed separately in The Sunday Times 100 Tech.

To be included on the list companies have to be registered in the UK and be independent, unquoted and ultimate holding companies.

They must also have recorded at least £5 million in sales in the most recent year and have been profitable in that period.

This year, 45 of the 100 companies are based in London, while five are from Yorkshire and the Humber.

Four businesses are headquartered in Wales, three in the South West, two in Scotland, and one in the North East.

The research for The Sunday Times 100 was conducted in partnership with Beauhurst, a source of private company data.