The Sunday Times released their ‘Fast Track 100’ private companies yesterday and the most surprising aspect was that the list included so few digital businesses. Most of the companies with the biggest sales increases over the last 12 months came from more traditional sectors such as consumer goods, food and drink, leisure and business services.
The North East and Yorkshire fared well among the regions with 13 companies in the list, beating the North West (10) and the Midlands (10) and with a huge sales increase of 126%, Cawingredients, based in Leeming Bar, were the Region’s Growth Star in 13th position.
Andrew Cawthray set up Cawingredients in 2010 after having sold his previous soft drinks business, Macaw Soft drinks for £75m in 2005, which just goes to show how successful his business model is and on top of the current £44m turnover they are in the middle of huge expansion with bigger warehouse facilities, more bottling lines and another 100 jobs.
They supply Aldi UK and count several of the UK’s leading brands as their customers and Richard Harrison, their Chief Operating Officer has done a brilliant job of growing the client base along completely different lines to those of last business. Aldi in particular has seen a big increase in market share over the last two years.
Earthmill, Pure Gym and Xercise4less were at 17th, 18th and 21st in the list. Although based outside the Region, The Alchemist, part of The New World Trading Company was at number 20 and their latest outlet, The Botanist is due to open in Monument Mall next week after a £2m development and fitting out. Having had a sneak preview I can confirm it is the most exciting brand and bar/restaurant I have ever seen.