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 The Top 100

 TIMPSON LTD

1: Microsoft
2: Richer Sounds
3: Flight Centre
4: PeopleSoft
5: Bromford Housing Group
6: Timpson
7: Asda
8: Bacardi-Martini
9: Electronic Arts
10: Hiscox
11: SAS UK
12: Ulster Carpets
13: Volkswagen Group UK
14: Cisco Systems
15: HSA Healthcare
16: DLA
17: SAP
18: Honda UK
19: Benfield
20: Bettys & Taylors
21: Interior
22: Nationwide
23: Computer Associates
24: Mondial
25: Lush
26: Carat
27: Morgan Stanley
28: Lyreco UK
29: Arup
30: MediaCom
31: St James’s Place
32: SC Johnson
33: Boehringer Ingelheim
34: Wragge & Co
35: Eli Lilly and Company
36: First Direct
37: Majestic Wine
38: Dickinson Dees
39: Standard Life Assurance

40: Churchill Insurance
41: MBNA
42: Glenmorangie
43: Deloitte Consulting
44: Diageo
45: Universal Music
46: Admiral Insurance
47: ClinPhone Group
48: Capital One
49: Keoghs

50: Mace
51: WCI
52: TGI Friday’s
53: BMG
54: QAS
55: Redwood
56: FaberMaunsell
57: Office Depot International
58: TBWA
59: CMS Cameron McKenna
60: Ceridian Centrefile
61: Kraft Foods
62: Denplan
63: Pinnacle Housing
64: The Edrington Group
65: COI Communications
66: Tesco
67: London & Quadrant
68: Unilever
69 West Bromwich Building Society
70: Loop Customer Management
71: Watson Wyatt
72: Kier Group
73: Eversheds
74: Kwik-Fit Insurance
75: Reed Executive
76: Marks & Spencer
77: British Waterways
78: Sun Microsystems
79: Booths
80: Abbott Mead Vickers
81: Simmons & Simmons
82: PA Consulting
83: Kimberly-Clark
84: Avon Cosmetics
85: American Express
86: Mott MacDonald
87: Fred Olsen
88: Jones Lang LaSalle
89: Black & Veatch
90: Invitrogen
91: Travel Inn
92: Kent Messenger
93: Yorkshire Building Society
94: UBS Warburg
95: Countryside Properties
96: Parkman Group
97: 3663
98: Home Service (GB)
99: Greggs
100: Tyco Healthcare

March 2nd, 2003

6th: Timpson

Shoe repair and key cutting

Annual sales: £55m
Staff numbers:979
Male:female ratio: 82:18
Under 35s/over 55s: 58%/5%
Staff turnover: 38%
Earning £30,000: +2%
Typical job: Shoe repairer/engraver

Maternity - at least 16 weeks' maternity leave on full pay (compared to statutory minimum of six weeks at 90% pay) and/or at least four weeks' leave above the statutory minimum of 40 weeks. Long service - at least 40% of the staff have worked there for more than five years
Gym - either an on-site gym or offering subsidised membership for a nearby gym

Just as every key they cut is different, every worker at Timpson has space to be an individual. There are 315 branches — which also provide shoe and watch repairs, engraving, dry cleaning and associated merchandise — but staff still feel closely connected to their chairman. An impressive 90% of workers have faith in John Timpson’s leadership; 85% say that the chairman is full of positive energy, and 79% see him as an inspiration.

The company was originally a shoe-making business, started by John Timpson’s great-grandfather in 1865. It went public in the 1920s, and was taken over by United Drapery Stores in 1972, but Timpson led a management buyout in 1983, buying back a majority share. The manufacturing side was sold and he started to develop the services the branches now focus on.

Both he and his son James, the company’s new managing director, take a hands-on approach. The chairman regularly invites employees to lunch to discuss new initiatives or give their perspective on the business. He has an open-door policy, and holds briefings for everyone in the company. Once a year, he and the managing director go on the road, visiting every branch in the country.

Although Timpson does have an equal opportunities policy, there are only 172 women within the 979-strong workforce, which may illustrate the difficulty of recruiting women to the shoe repair industry. Those that do decide to join the company find that it offers generous and flexible maternity leave, as well as help with childcare and flexible work patterns.

The company believes in praising 10 times more than criticising, and area managers issue so many prizes that many carry a permanent stock in the boot of their cars.

A high 86% of employees surveyed feel that workplace benefits are fair. “While no company is perfect in all things,” says one, “I feel that Timpson tries day by day to further the business through positive encouragement given to the staff.”

The vast majority of employees (82%) are proud to work at Timpson; they feel supported, listened to and know that they will be cared for financially. Despite a high turnover of staff (38%), four-fifths say that they would miss the company if they left.

 

 
 
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