Wakefield district companies in Yorkshire Top 500

11/07/2019, PR-9115

Business newspaper

Thirty-two Wakefield companies have been named among the Top 500 in Yorkshire by Insider magazine. The companies, located in Castleford, Featherstone, Knottingley, Normanton, Ossett, Pontefract and Wakefield reported a combined gross turnover of £3.9 billion.

TEVA UK in Castleford topped the list of companies in the district for the highest turnover of £522.2million.

Card Factory in Wakefield topped the list for the highest pre-tax profit with £72.6million while Taurus 3, the confectionery company trading as Tangerine, had the highest profit margin in the district of 27.7%. Tangerine also came in the overall top 20 companies in Yorkshire for the best profit margins.

Cllr Peter Box CBE, Leader of Wakefield Council, said: "It is great to see that the Wakefield District is providing the right conditions for businesses to thrive and succeed. This news comes just 24 hours after the first annual review of the Wakefield District Economic Strategy, reporting the district's progress towards this five year plan. The findings from the review will help to shape and refine the programme of activities in the areas of business, innovation, inward investment, regeneration, housing, employment and skills in the coming years.

Cllr Peter Box CBE
Cllr Peter Box CBE, Leader of Wakefield Council

"The Top 500 report demonstrates that businesses in the district are continuing to grow despite declines elsewhere in the UK due to the uncertainties of Brexit. At the council, we pride ourselves in being 'open for business' and provide policies to help companies innovate and grow. Our relationship with businesses has changed recently as a result of our new strategy and we are generating more social value from employers to ensure our residents benefit from the growth of the amazing companies that call Wakefield district their home.  I'm delighted to see that as a result, the district continues to punch above its weight."

Of the 32 companies, 11 operate in Wakefield, seven in Pontefract, six in Castleford, one in Featherstone, two in Normanton, three in Ossett and two in Knottingley.