Around 20 firms from Suffolk and north Essex have been named in a new report identifying the UK’s fastest-growing small to medium-sized companies.

The study, 1,000 Companies to Inspire Britain, has been compiled by the London Stock Exchange Group, using data from DueDil, and focuses on private companies with annual revenues of between £6million and £250m.

Writing for the report, Chancellor of the Exchequer George Osborne said: “UK high-growth businesses are leading the charge in rebuilding our economy. These companies are the backbone of the British economy.

“They create high-quality, well paid jobs, innovate and drive economic growth.”

Nikhil Rathi, chief executive of London Stock Exchange plc, said the 1,000 companies were growing at an average rate of 50% a year.

“Shining a light on the East of England, there are an impressive 90 companies represented from the region with an average turnover growth of 33%,” he added.

Larger companies from Suffolk and Essex included in the list include LED lighting products specialist Dialight from Newmarket (in the £150m to £200m turnover category), recruitment company Sanctuary Personnel from Ipswich (£75m to £100m) and wind farm support vessel builder CTruk from Colchester (£30 to £40m).

In the £20m to £30m revenue bracket are gasket and mouldings company 4BG Group from Sudbury, partitioning and cladding specialist Conneely Group from Stansted, golf trolley manufacturer Motocaddy from Great Hallingbury, near Great Dunmow, park home and lodge builder Omar from Brandon, rail industry contractor TES 2000 from Colchester and medical products firm Unisurge from Newmarket.

The £10 to £20m turnover category includes housebuilder Bennett Homes from Nowton, near Bury St Edmunds, independent car dealer Big Cars from Chelmsford and Witham, franchised motor dealership firm Cecil & Larter from Bury St Edmunds, highwire forest adventure operator Go Ape from Bury St Edmunds, electricals contractor Laser Electrical from Chelmsford, the Maldon Crystal Salt Company from Maldon and civil engineering and construction contractor R&D Construction from Walsham-le-Willows, near Bury St Edmunds.

Finally, the £6m to £10m revenue category includes funeral directors and monumental masons Daniel Robinson & Sons, which operates from eight sites in Essex and Hertfordshire, including Braintree, Halstead and Great Dunmow, and temporary electrical services provider Multitech Site Services from Great Dunmow.

Also in the £6m to £10m bracket is Bristol-based Curtis Banks, which recently acquired Ipswich-based self-invested personal pensions specialist Suffolk Life.