A host of firms from around the North East form part of a London Stock Exchange report which singles out the fastest-growing and most dynamic businesses in the UK.
For the second year running, the LSE has published 1000 Companies to Inspire Britain, which is backed by the three major UK political parties – and 75% of all the business featured in the 2015 publication are based outside of London.
The UK’s rapidly-growing digital revolution is also a key theme, with IT the top performing sector through average annual revenue growth between 2010 and 2014 of 350%. 25% of companies operate in manufacturing, construction and engineering.
The jobs recovery is also highlighted with a 100% increase in the number of recruitment firms included, from 25 to 50.
Last year, just two firms – Wear Inns and Greencroft Bottling, both in County Durham – were in the inaugural list, and both appear again in the 2015 list. They are among only 147 to make the list both years.
Wear Inns saw its turnover rise from £11.75m to £13.4m in 2014 – an increase of 14.5% – and is planning to organically grow its existing estate of 26 pubs while potentially acquiring more pubs this year.
Managing director John Weir said: “To be highlighted in such a prestigious list as the LSE 1000 Companies to Inspire Britain for two years running is a great honour.
“It is fantastic to be flying the flag for the North East’s food and drink industry. We have invested heavily in all of our pubs and it is paying off.
“I would like to thank all our staff and customers for helping us to stand out alongside some of the UK’s best-known companies.”
Among the new North East firms included from the North East are County Durham-based manufacturer Ebac, North Tynside-based energy consultancy UtilityWise, and NAC Trading of Sunderland.
Care home operator Hadrian Healthcare, headquartered in Gateshead, also appears for the first time, as does online gaming business from Wearside Tombola and specialist recruitment firm Oil Consultants, based in Washington.
Stanley-based Hodgson Sayers is one of only 87 companies from the construction sector to be included in the report and the only one from the North East of England.
Turnover for 2014 is in excess of £15m, and the company has achieved year-on-year growth average of more than 47% per year in the last three years.
John Sayers, managing director, Hodgson Sayers, said: “We are one of a new generation of socially committed businesses that have emerged in recent years and our values of honesty, decency and integrity flow throughout every level of our firm. This philosophy and approach has been rewarded with record growth.”
Business Secretary Vince Cable said: “These 1,000 exemplary businesses show how SMEs punch above their weight - more than doubling their revenue over the past four years to deliver growth and create jobs across the UK.
“The Government is backing innovative and ambitious companies like these to grow and export their products all over the world and I wish them continued success for the future.
“Access to finance is an important enabler to growth and the British Business Bank that the Government has set up is playing a particularly important role in helping to ensure finance markets work more effectively for smaller businesses.”
North East firms on the list:
Tompkins UK Ltd
Ebac Holdings Ltd
Greencroft Bottling Company Ltd
Hodgson Sayers Ltd
Kans and K&Y (Holdings) Ltd
Prima Cheese Ltd
Wear Inns Ltd
Cameron Hall Developments Ltd
Niramax Holdings Ltd
M.J. Hickey Plant Hire & Contracts Ltd
NAC Trading Ltd
Oil Consultants Holdco Ltd
Derek Slack Motors Ltd
ADM Pressings Ltd
Hadrian Healthcare Ltd
John Nixon Ltd
Nomad Holdings Ltd
SMH Products Ltd