Two North-east companies have made it into the top 10 of a prestigious list of the UK’s fastest-growing firms.
Balmoral Group and BrewDog come in at number seven and number 10 respectively in the new Times BDO Profit Track 100.
The list ranks Britain’s private companies with the fastest-growing profits over three years and only eight firms in Scotland made the grade.
Aberdeen-based Balmoral Group had an annual profit growth over three years of 125% and made £31m profit in 2015.
Jim Milne, chairman and managing director of Balmoral, said he was pleased with his company’s performance and praised staff.
He said: “This listing acknowledges the huge investment in plant, processes and R&D, plus all the hard work that has taken place at Balmoral over many years.
“Last year saw the Group export some 68% of all manufactured goods while our offshore division, Balmoral Offshore Engineering, exported more than 76% of its products.
“This achievement has been hard fought and the aim is to sustain Balmoral’s position as a leading global exporter based in the North-east of Scotland”.
Ellon-based BrewDog – which this weekend is holding its annual AGM at the AECC in Aberdeen – saw profits grow 120% over three years and made £6m in 2015.
The craft beer maker, created by James Watt and Martin Dickie, has shipped 41 million bottles worldwide and opened 16 new bars in 2015 alone.
Other Scottish companies that appear on the list include The Edinburgh Woollen Mill (number 85), housebuilder The Muiller Group (28) and construction firm Robertson (83).
Martin Gill, partner and head of Scotland at BDO, the title sponsor of the league table, said: “Medium-sized businesses in the UK are thriving, creating one in four jobs and responsible for one third of the country’s total revenue.
“They are seizing the opportunities a recovering economy presents and the most profitable have remained focused on sustainable growth through investment in innovation, diversification and overseas expansion.”