Plastics manufacturer Polypipe has moulded out another year of success after being named Doncaster’s most profitable company for the second year running.
The country’s largest manufacturer of plastic pipes and fittings made an annual pre-tax profit of £24.6m - more than any other firm in the borough - according to the latest accounts.
This achievement eclipses last year’s results of £6.2m, which also put the firm top of the profits table.
Polypipe also held its position as being one of the largest firms in the Sheffield City Region in terms of turnover.
It is 11th on a list of the top 100, the same position as last year. The latest accounts show turnover in year one was just over £300m, compared with £282m in year two. Founded in 1980 and based in Edlington, the firm employs around 2,000 people. It is one of Europe’s largest manufacturers of plastic piping systems, producing about 20,000 product lines at 16 facilities across the UK, Europe and Middle East.
The company’s specialist Silavent Green Line axial fans were recently installed in the bathrooms at the luxury Blue Waters Resort in Antigua. Closer to home, the firm was selected to provide its Permavoid products to Newcastle City Council for a Defra-funded flood alleviation scheme.
Lakeside 1 Limited, a holding company of house builder Keepmoat, was a new entry at second in the profits table with £16.222m. Another new comer was fellow house builder, Strata Homes Limited, which was third with £8.788m. Profits table mainstay Ballyvesey Holdings Limited - owner of European trailer manufacturer Montracon - was fourth, posting profits of £4.262m. This was down on last year’s results of £5.360m, which earned the firm second place.
There are three Doncaster firms in the top 10 for the Sheffield City Region based on turnover. Lakeside 1 Limited is placed fourth, down from third last year, with turnover of £930.6m in year one and £886.4m in year two.
DFS Furniture is sixth, down from fifth, posting £658.8m for year one and £670.8m for year two. Ballyvesey Holdings is seventh, the same as last year, with £498.2 for year one and £469.2 for year two.