Here’s where you should base your business along the Tube map for the highest turnover
Got a feeling your business isn't living up to its potential?
Well perhaps a change of scenery might cure the malaise. According to data intelligence firm DueDil, firms based along the Bakerloo line have the highest annual turnover and average growth rate.
For specific stations, Waterloo had the highest average turnover of £2.53bn and is followed by Paddington (£783m), Victoria (£575m), Cannon Street (£447m) and St. Paul's (£283m).
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The high average turnover of businesses local to Waterloo was predominantly because of the presence of oil giant Royal Dutch Shell Group PLC and its subsidiary, Shell Trading International Limited. Both companies ranked in the top three for annual turnover among all firms included in the study.
HSBC was in the second spot, with its closest station being Tower Hill and Audible in fourth, with Barbican station nearby.
Bayswater had the highest average growth rate for businesses at 77.75 per cent, followed by Gloucester Road (66.72 per cent), Embankment (at 44.73 per cent), Warren Street (35 per cent) and Mansion House (33.84 per cent).
DueDil looked at companies with a reported annual turnover in excess of £5m with a registered trading address in central London. The 11,475 companies that fit the criteria were then mapped to their nearest Zone 1 Tube station. The Waterloo & City line was excluded as it only consists of two stations.
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Top 10 Tube lines on average annual turnover:
|
Tube line |
Average annual growth rate |
Average annual turnover |
|
Bakerloo |
22.14 per cent |
£286,296,440 |
|
Jubilee |
20.96 per cent |
£284,694,426 |
|
Victoria |
20.24 per cent |
£222,234,973 |
|
Central |
19.92 per cent |
£160,804,167 |
|
District |
19.61 per cent |
£195,400,550 |
|
Piccadilly |
19.22 per cent |
£151,464,664 |
|
Northern |
18.08 per cent |
£236,620,467 |
|
Circle |
17.43 per cent |
£175,930,727 |
|
Hammersmith & City |
15.81 per cent |
£151,951,931 |
|
Metropolitan |
15.71 per cent |
£149,739,703
|
Top 10 stations on average annual turnover:
|
London Tube station |
Average annual turnover |
Average annual growth rate |
|
Waterloo |
£2,647,903,496 |
19.63 per cent |
|
Paddington |
£802,683,733 |
16.59 per cent |
|
Cannon Street |
£471,020,077 |
21.05 per cent |
|
Victoria |
£414,670,193 |
17.18 per cent |
|
St. Pauls |
£302,938,326 |
18.53 per cent |
|
Warren Street |
£297,364,303 |
35.00 per cent |
|
St. James's Park |
£291,774,931 |
20.09 per cent |
|
Charing Cross |
£275,336,090 |
22.67 per cent |
|
Barbican |
£264,484,093 |
14.29 per cent |
|
Pimlico |
£262,488,052 |
11.80 per cent
|