Member Article

Companies on the Bakerloo line top turnover and growth performance

Businesses in Zone 1 located on the Bakerloo line have been identified as some of the capital’s best performing businesses in comparison to businesses on adjacent Tube lines.

According to a study by DueDil, companies located on the Bakerloo line topped both annual turnover and growth figures, with higher averages than other lines.

The figures from the data intelligence company show that businesses on the line averaged over £286m, followed by an average of £284m for businesses on the Jubilee line and around £236m for those on the Northern line.

The figures also revealed that business growth across every Tube line averaged at least 15%, with an overall average growth rate of 18.69%, outstripping the UK average of 13.64%.

In terms of stations, Waterloo far outstripped the competition, averaging an annual turnover of over £2.53bn, although its figures are significantly skewed by the presence of Royal Dutch Shell Group PLC, which had revenues of £183bn.

Waterloo was followed by Paddington (£783m), Victoria (£575m), Cannon Street (£447m) and St. Paul’s (£283m) in terms of the most successful stations for business performance.

Data included turnover and growth information from 11,475 companies who reported annual turnover in excess of £5m and with a registered trading address in central London.