Future 50 members target further business growth in 2023

Despite the economic challenges of the past 12 months, many Future 50 businesses continued to thrive this year – and are now looking forward to a successful 2023.  

“We are really excited about 2023 and have some fantastic plans in mind,” said Rebecca Headden, director of R13 Recruitment.

“These include diversifying into new sectors and services through experienced hires, increasing our workforce by around 30%, expanding our office space, increasing turnover by 33%, launching our new-look brand and website and our 10th birthday campaign.”  

Estate agency Minors & Brady agreed sales on £678m worth of property in 2022 – a new record for the company – and was named a finalist for Growth Business of the Year at the Norfolk Business Awards.  

“We are aiming for significant growth in our lettings division in 2023, with increased staff, a goal of doubling our turnover and capacity to double the number of landlords we look after,” said managing director Jamie Minors.

Jamie Minors, managing director of Minors & Brady (Image: Minors & Brady)

Ed Purnell, managing director of Norwich Accountancy Services, said the company “has a strategic and robust business plan to increase revenue by 60pc year on year”, after doubling turnover this year.  

“This plan will be driven by growing and developing our team,” said Ed. “We have two new team members joining us in January and will continue to recruit one new team member each month throughout 2023.” 

Ed Purnell, managing director of Norwich Accountancy Services (Image: Norwich Accountancy Services)

Gravitilab Aerospace Services secured a £400k grant from the UK Space Agency (UKSA) earlier this month to support the development of its ISAAC suborbital rocket.  

“We aim for our LOUIS drop pod to be commercially operating in the second quarter of 2023, with launch testing of our ISAAC suborbital rocket taking place in the final months of 2023,” said Denise Wroe, chief of staff.

“We also intend to double the size of our team across engineering, launch operations and customer services within the next 12 months.” 

Gravitilab Aerospace Services is looking to expand its team next year (Image: Gravitilab)

After adding to its team in November, sports kit retailer Norfolk Football has another recruitment drive planned for next spring. It has also been nominated for Retailer of the Year at the Broadland and South Norfolk Business Awards 2023.  

Managing director Paul Suggitt said the company is projecting a 33% increase in revenue next year, with a 14% uplift in gross profit.  

“We are always looking at ways to secure our business in such a volatile market,” said Paul. “It is hard to know what is going to come next, but our ethos and work ethic has always been to offer the best service, go the extra mile as standard and really look after our customers.” 

Paul Suggitt, managing director of Norfolk Football (Image: Norfolk Football)

Human resources consultancy MAD-HR won the Customer Excellence Award at the Suffolk Business Awards 2022. The company is targeting further growth in 2023 – having more than doubled its workforce this year.  

“In the last year, we’ve expanded significantly, developing a far greater presence across the East of England, in particular with a larger team in the Norfolk region,” said director Charlotte Bate.

“We very much see this momentum continuing and are keen to also establish the MAD-HR brand in Cambridgeshire in 2023.”

Charlotte said the Future 50 programme “has been of great benefit” to MAD-HR throughout 2022.

“Not only has it helped expand our network of contacts and connections throughout the region, but it has given us the chance to collaborate or participate in events we might not have otherwise had the opportunity to.”

James Howells, managing director of Turning Factor, also announced two exclusive funding opportunities for Future 50 members at the event in Norwich.