Two North East firms make Fast Track 100 league table

Andrew James and Express Engineering both feature on a prestigious Sunday Times list, highlighting fast-growing private companies

Nigel Davison, MD of Gateshead's Express Engineering
Nigel Davison, MD of Gateshead's Express Engineering

Two high-performing North East companies have made it on to this year’s Sunday Times Virgin Fast Track 100 league table.

The Durham-based kitchen appliance manufacturer Andrew James and Gateshead’s Expressing Engineering appear in 24th and 88th position respectively.

Published this weekend, the league table - now in its 18th year - ranks Britain’s private companies with the fastest-growing sales over a three year period.

Andrew James’ sales grew by 96% during the period to £13.2m, while sales at Express Engineering rose 50% to £37.8m.

The league table and accompanying awards programme is compiled by Fast Track, the Oxford-based research and networking events company.

A total of 11 companies headquartered in Yorkshire also made the grade this time round.

Sir Richard Branson of Virgin, the title sponsor of the league table throughout its lifespan to date, said: “This year’s Fast Track 100 is packed full of examples of entrepreneurs taking on many different challenges head-on.

“Their success is based on real team spirit and it is this togetherness, above and beyond any other factor, that sets great businesses apart from also-rans.

“The Fast Track 100 are testament to that spirit of creativity and camaraderie.”

This year, Fast Track 100 companies achieved, on average, sales growth of 71% a year over three years, from a total of £749m in 2010/11 to £3.8bn in 2013/14.

The majority are headquartered in London (29) and the South East (19).

The full league table will be published as an eight page broadsheet supplement with the business section of The Sunday Times on December 7.

Journalists

David Whetstone
Culture Editor
Graeme Whitfield
Business Editor
Mark Douglas
Newcastle United Editor
Stuart Rayner
Sports Writer