Moorhouse, Oxford Policy and TORI named fast growing SME consultancies
Three consultancy firms – Oxford Policy, Moorhouse and TORI Global – have been recognised as among the fastest growing small and medium-sized enterprises (SMEs) in the UK. The firms were among 60 professional services companies listed by the London Stock Exchange.
According to the London Stock Exchange, small and medium-sized enterprises (SMEs) are at the heart of a strong economy. The dynamism and agility of such firms pushes larger firms to innovate, as well as to create high-quality jobs for the next generation, says the financial institution, and as such the London Stock Exchange Group has published its fifth annual edition of its report into the 1,000 Companies to Inspire Britain. The release identifies the UK’s fastest-growing SMEs and high-growth companies across multiple sectors and regions.
The service sector contributes about 80% of UK GDP, but the research paints an encouraging picture of diversity among the country’s fastest-growing SMEs. The top five industries represented, accounting for 40% of the list, includes Financial Services but the biggest industry by far is Engineering & Construction, followed by Information Technology. Of the 1,000 companies listed, more than 60 were professional services firms, and among those firms are three consultancies, marked out as being some of the fastest growing SMEs in Britain.
Established in London in 2004, Moorhouse Consulting is a transformation consultancy which works to deliver complex transformational projects in key areas including strategic design, change management, customer journey improvement, digital and technology transformations, post-merger & acquisition integration, programme management and performance improvement. Recently, the firm’s position in the sector was underlined when it was listed as one of the top 25 healthcare consultancies in the UK – as the NHS continues to engage the consulting industry in order to eke out potential savings. Moorhouse is currently listed by the London Stock Exchange as being in the £20 million – £30 million revenue band, but was recently the subject of a large merger between three firms, opening it up to a larger client base in coming years.
Oxford Policy Management, which first opened for business in 1979, is meanwhile listed in the £50 million – £75 million revenue band. The international development consulting firm, headquartered in Oxford, aims to help low and middle-income countries achieve growth and reduce poverty via public policy reform. Through the consultancy’s global network of offices, Oxford Policy Management works in partnership with national decision makers to research, design, implement, and evaluate impactful public policy in over 100 countries – including the UK, where the group manages Action on Climate Today, an initiative funded with UK aid from the UK government.
With a team of 140 advisors, TORI Global is a consulting firm which has provided strategy, organisation, controls and digital services to clients in the financial services sector since 2002. The firm is listed as being in the £30 million – £40 million revenue band, in part due to the popularity of its services supporting the business side of cloud transitions, as part of wider digital transformation agendas. In order to improve on this offering earlier in 2018, the London-based firm partnered up with Farnborough-based Fedr8 to develop an approach which uses deep-dive source code analytics to improve the speed and quality of application migration to the cloud compared with traditional migration processes. The firm’s proprietary tool – Green Rain – improves the effectiveness of not just the initial migration from legacy applications, but also with continuous delivery of new application functionality, making it easier to maintain applications in the cloud than has been the case up to now.
According to a recent study, SME consulting firms are set for a bright future vis a vis the large players in the market, such as the Big Four, as cost-weary clients are increasingly eyeing specialisation and focus for best value.
Related: The fastest growing consulting firms and companies of Europe.
