THE performance of recently floated Yorkshire companies has far exceeded the rest of the UK, according to new research by wealth manager Brewin Dolphin.
At a time when numerous big names have seen their shares plummet on flotation, five of the seven Yorkshire IPOs over the past year have risen well above their float price.
Bradford-based double-glazing firm Safestyle is leading the pack with a massive 87 per cent increase in share price since floating last November.
Sheffield-based software specialist Servelec came in second with an impressive 44 per cent increase since floating in October and Clipper Logistics, the firm that distributes goods for blue chip retailers such as Asda, Morrisons, John Lewis and ASOS, came in third with a 38 per cent rise since floating earlier this month.
Wakefield-based value fashion chain Bonmarche was fourth with a 37 per cent increase and Doncaster-based Polypipe, one of Europe’s biggest manufacturers of plastic pipe systems, was fifth with an eight per cent increase since its float in March.
Only two Yorkshire firms have seen their share price fall below the float price. Wakefield-based greeting cards retailer Card Factory has seen its shares fall seven per cent and Rotherham-based environmentally friendly washing machine company Xeros has fallen 38 per cent.