In partnership with The Journal, 海角视频 Top 100 law firm Ward Hadaway is today revealing the North East鈥檚 Fastest 50 companies in 2020. The awards, which have been running for 22 years, recognise and celebrate the fastest growing, privately owned businesses from across the region.
Based on financial data filed with Companies House which relates to the period before the pandemic hit, the 2020 Fastest 50 identifies some of the region鈥檚 most successful businesses which bring prosperity to the North East, providing employment opportunities for local people and attracting international investment too.
The 50 best performing companies which have consistently increased turnover whilst remaining profitable are ranked, with awards given to three different winner categories: small, medium, and large businesses. One of these winners is named as the overall fastest growing North East business for the year.
Damien Charlton, a partner at Ward Hadaway, said: 鈥淭he world has changed so much because of the Covid-19 pandemic, but we remain as passionate as ever about promoting and supporting the North East business community. We wanted to continue to recognise the success and entrepreneurial spirit of the region鈥檚 businesses, both large and small in this years鈥 Fastest 50 Awards.
鈥淭he characteristics we鈥檙e celebrating today are also qualities that every business needs to weather the current turbulent conditions we find ourselves in. Resilience, determination, optimism, innovation and energy 鈥 they are all vital to ensuring we overcome the continued challenges the pandemic presents.鈥
Real estate is a key sector that holds a strong presence in the Fastest 50 this year 鈥 housing and property management companies dominate both first and second place.
Affordable homes provider Hellens Residential has been named the overall fastest growing North East business for 2020, as well as winning the small business category. Property development company Adderstone 1993 Ltd takes the title for the fastest growing large North East business.
The third award winner is electrical building services contractor CD Engineering Services, which has won the medium North East business category.
Kate Hellens, managing director at overall winner Hellens Residential Limited, said: 鈥淲e are absolutely delighted to have won this award. Our mission has been to create a comfortable and secure home for our customers to live in, from which they can build a more stable life.
鈥淏y growing the business at pace, we feel we have been able to make a real difference to the quality and choice of affordable homes available across the region. We aim to provide excellent customer service and this award is a reflection of the hard work put in by our dedicated management team. We are very proud of the close relationship we have with our customers and are currently particularly focused on supporting them during the Covid-19 pandemic.鈥
The region鈥檚 manufacturing and engineering industries performed particularly well in this year鈥檚 list, with 40% of the Fastest 50 companies in these sectors.
Half of the top 10 companies also operate in manufacturing or engineering markets.
Energy and construction firms have enjoyed solid growth, as well as online retail businesses too. END Clothing, for example, makes its fifth Fastest 50 appearance in as many years. Crafter鈥檚 Companion, an online craft retailer, is one of the region鈥檚 fastest growing companies for the fourth time since the awards began.
Mr Charlton added: 鈥淭he list represents continued growth among North East businesses, with nearly a third of this year鈥檚 Fastest 50 appearing last year too.
鈥淎 number of businesses deserve special congratulations for incredibly consistent growth: Tombola make their eighth appearance in 2020鈥檚 Fastest 50, Workwear Express appear for the seventh consecutive year, and DC Handrails and Ironwork Parts make the list for the sixth consecutive year, demonstrating the drive, energy and innovation that exists right here within the North East.
鈥淎 huge congratulations to all those who appear in this year鈥檚 Fastest 50 list, and we wish all businesses in the North East the very best in these extraordinary and challenging times. We are here for you every step of the way.鈥
Due to Covid-19 restrictions, there is no awards ceremony this year.
The 2020 Fastest 50 list is:
1 Hellens Residential Limited (S), turnover 拢3,805,000, growth 92.9%
2 Adderstone 1993 Limited (L) 拢28,621,000, growth 89.2%
3 CD Engineering Services Limited (M) 拢14,700,000, growth 75.0%
4 Northern Gas & Power (L) 拢29,616,000, growth 64.8%
5 Controle Mesure Regulation (海角视频) Limited (L) 拢32,919,000, growth 63.2%
6 Dynamic CCTV Management Ltd (L) 拢28,809,000, growth 53.5%
7 Millfield Composites Group Limited (M) 拢11,337,000, growth 52.3%
8 The Great Annual Savings Company Ltd (M) 拢18,870,000, growth 45.8%
9 Hathaway Roofing Limited (L) 拢40,595,000, growth 45.3%
10 Tharsus Group Limited (L) 拢58,301,000, growth 45.2%
11 Beanies the Flavour Co. Ltd (S) 拢4,917,000, growth 40.3%
12 Total Resources (海角视频) Limited (S) 拢9,363,000, growth 39.7%
13 END. (L) 拢134,658,000, growth 39.1%
14 px Group (L) 拢230,720,000, growth 35.9%
15 Connor Group Limited (M) 拢24,797,000, growth 31.9%
16 BCE Northern Limited (S) 拢4,550,000, growth 31.3%
17 Templeman Trading Limited (L) 拢40,831,000, growth 30.8%
18 Groundwork Services (Durham) Ltd (M) 拢20,263,000, growth 30.1%
19 CMS Holdings 海角视频 Limited (S) 拢2,350,000, growth 29.6%
20 Fentimans Ltd (L) 拢40,443,000, growth 29.4%
21 Fire Logistics Limited (S) 拢3,368,000, growth 29.2%
22 Abca Systems Limited (M) 拢22,711,000, growth 29.1%
23 Process Control Equipment Limited (M) 拢21,958,000, growth 28.8%
24 Astley Signs Limited (M) 拢16,754,000, growth 28.6%
25 FUJIFILM Diosynth Biotechnologies (L) 拢125,900,000, growth 28.5%
26 Banner Contracts (Halnaby) Limited (M) 拢23,182,000, growth 27.28%
27 Crafter鈥檚 Companion Limited (L) 拢31,809,000, growth 27.25%
28 HTL Group Limited (M) 拢12,990,000, growth 26.9%
29 Mediaworks 海角视频 Limited (S) 拢4,440,000, growth 24.8%
30 B.M. Stafford & Sons Ltd (S) 拢7,080,000, growth 24.7%
31 BTS Facades & Fabrications (S) 拢8,280,000, growth 24.4%
32 Workwear Express Limited (M) 拢18,781,000, growth 23.9%
33 Heraeus Conamic 海角视频 Limited (L) 拢826,580,000, growth 23.8%
34 Kadmous Holdings (海角视频) Limited (M) 拢12,674,000, growth 23.7%
35 Greencroft Bottling Company Limited (L) 拢46,731,000, growth 23.5%
36 Tripak Ltd (S) 拢6,627,000, growth 23.4%
37 Nova Payroll Management Services Limited (L) 拢48,565,000, growth 22.8%
38 DC Handrails and Ironwork Parts Limited (S) 拢194,406,000, growth 22.5%
39 Ryder Architecture (M) 拢916,983,000, growth 21.7%
40 Flexible Support Options Limited (S) 拢6,178,000, growth 21.6%
41 Thompsons of Prudhoe Holding Ltd (L) 拢47,663,000, growth 19.5%
42 Scott Logic Limited (L) 拢31,054,000, growth 19.4%
43 Mactech Engineering & Inspection (S) 拢9,532,000, growth 19.10%
44 Tombola Limited (L) 拢104,432,000, growth 19.07%
45 Durham Box Company Limited (M) 拢12,320,000, growth 18.7%
46 Prefere Resins 海角视频 Limited (L) 拢40,946,000, growth 18.6%
47 Chemoxy International Limited (L) 拢58,844,000, growth 18.4%
48 Thomas Swan & Co. Ltd (L) 拢37,042,000, growth 18.3%
49 Phoenix Steel Holdings Limited (M) 拢11,933,000, growth 18.12%
50 The Castle Building Services Organisation Limited (L) 拢34,155,000, growth 18.05%
(S) = small business, turnover between 拢1m and 拢10m
(M) = medium business, turnover between 拢10m and 拢25m
(L) = large business, turnover more than 拢25m
