Two East Durham companies have been listed among the fastest growing in Europe.
Goodfellow and Goodfellow in Peterlee and Hadrian Technology in Seaham have been recognised by the FT1000 list of European companies with the strongest sales growth between 2012 and 2015.
Goodfellow and Goodfellow is a specialist crockery and kitchen equipment firm which was launched by husband and wife team Paul and Valda Goodfellow in 2012, quickly accruing a strong client base of top restaurants in the North East and further afield.
This year it is on track to break the £6m turnover mark.
Valda said: “Since launching five years ago our business has gone from strength to strength, establishing a reputation as a leader in our industry, and this is reflected in us being named as one of the fastest growing companies in Europe by the FT. We’re incredibly proud to be recognised in such a prestigious Europe-wide list.”
Hadrian Technology designs, supplies and installs CCTV. Co-founder Gary Trotter, said: “We’re immensely proud to be recognised as one of Europe’s fastest-growing companies in The Financial Times 1000. Being named in both the FT 1000 and the Sunday Times Virgin Fast Track 100 is testament to the outstanding sales growth we have achieved in recent years and the hard work and dedication of our highly-skilled team.
“We are looking forward to continuing to grow our business, both in the UK and overseas, as the use of CCTV for business intelligence becomes more widespread.
“As we continue to expand, we are actively looking to harness new technologies to enable us to offer cloud-based storage software and hardware solutions that will enable clients across multiple sectors, including retail, leisure, and hospitality, to more effectively identify and defend fraudulent slips, trips and falls claims.”
The FT1000 list was compiled by market research company Statista in collaboration with the Financial Times and is based on a company’s percentage growth in revenues between 2012 and 2015.
Rankings are also weighted in favour of companies that have grown organically rather than by simply acquiring rivals to reward firms that have boosted their appeal in the marketplace.