There is just one week to go before the definitive list of the North-East’s fastest growing companies is revealed.
Next Wednesday, The Journal will print the Ward Hadaway Fastest 50 for 2013. The list, which has been compiled with the input of expert researchers at St Chad’s College/Durham Business School, will show which privately-owned companies in the North-East are really setting the pace when it comes to helping to build the region’s economic recovery.
As well as listing the Fastest 50, we will also include brief profiles of each of the companies who have made it into this year’s run-down.
Then next month, they will gather at the Fastest 50 Awards ceremony, which takes place at the Baltic Centre for Contemporary Art in Gateshead.
There, the leading companies will be revealed and awards given to the fastest growing small, medium and large companies.
The invite-only event on Friday October 4 will also crown an overall Fastest 50 winner for 2013.
The Fastest 50 rewards privately-owned profit-making companies and organisations which have shown the strongest turnover growth over recent years.
It is sponsored by leading North law firm Ward Hadaway and has become recognised as a key barometer of the region’s economy since it was launched in 1998. The Fastest 50 has also charted the growth of some of the region’s biggest companies. Previous winners of the awards have included Wilton Engineering, Bannatyne Fitness, and SMD.
Colin Hewitt, Partner and Head of Commercial at Ward Hadaway, said: “Every year, the Fastest 50 is eagerly anticipated by the region’s business community and this year is no exception.
“The Ward Hadaway Fastest 50 provides an authoritative insight into the dynamism and vibrancy of the North-East commercial world and a valuable snapshot of the sectors and industries enjoying the greatest expansion.
“The 2013 list also shows how the region’s businesses have coped with the challenges posed by the fluctuating economic climate – and which companies are setting the pace for the rest to follow.
“With the UK economy showing tentative signs of growth again, it is companies like those in the 2013 Fastest 50 who are leading the way.
“While not wishing to pre-empt next week’s announcement, we can reveal that a wide range of sectors are represented in the Fastest 50 for 2013 – and there may well be a few surprises in this year’s list.”
As in previous years, researchers at St Chad’s College/Durham Business School have helped to compile the Fastest 50, adding an extra degree of authority to the findings of the survey.
Paul Braidford, Senior Research Fellow at St Chad’s College, said: “We were delighted to have been asked again to work on the compilation of the Fastest 50.
“The team has been busy compiling and verifying the list by analysing the annual accounts submitted by all companies in the North East, then whittling these down to the Top 50 growers.
“My work primarily concerns enterprise and small firm development, and it was heartening to see such a wide and varied range of companies growing so rapidly, from established names to bright new hopes for the future.”
:: Next Wednesday’s Journal Business will include a full run-down of the Fastest 50 companies in the North East for 2013.