Fast Temp Engineering wins Ward Hadaway Fastest 50 | 13 October 08
FAST Temp Engineering lived up to its name to be crowned the fastest growing company in the North-East for 2008.
Winning ways - (from left) Sandra and Steve Brennan of Fast Temp Engineering, winners of the Fastest 50 2008.
The engineering, marine and offshore specialist staff supplier walked off with the title at the Ward Hadaway Fastest 50 Awards at the Baltic Centre for Contemporary Art in Gateshead.
The company, based at Hebburn in South Tyneside, was named as the fastest growing medium business as well as winning the overall title for its phenomenal expansion over recent years.
County Durham-based coal ash management, sales and marketing company Hargreaves Coal Combustion Products won the title for fastest growing small business while hi-tech installation, engineering and facility management company Merit Merrell Technology was named fastest growing large business.
Fast Temp was started up in 1999 and supplies a wide range of staff from project managers and project engineers to piping technicians.
Fast Temp managing director Steve Brennan, who runs the company with wife Sandra and staff Leanne Coxon and Elaine Smith, said he was “astounded and very pleased” the business had won.
Mr Brennan said: “It has been a bit of a rollercoaster year but we have grown the business and with the aircraft carrier work coming to the Tyne next year we hope to have an even better year.”
The winning companies were revealed before an audience of 150 business leaders at the Rooftop Restaurant at the Baltic.
Alastair MacColl, chief executive of Business & Enterprise North East, was the keynote speaker at the prestigious event.
Mr MacColl said: “The Fastest 50 has really grown into one of those key events in the business calendar.
“In some ways, celebrating success at the moment does seem to be a bit at odds with current circumstances, but I think there has never been a better time or a more crucial time to have an event like this and a celebration like this.
“I think it is vital as a region that we have a confidence and within the Fastest 50 we have 50 really inspirational reasons to be confident about the future of the North-East.”
Brian Aitken, editor of The Journal, introduced the awards, which reward profit-making privately-owned companies and organisations in the region which have shown the strongest sales growth over recent years.
He said: “The companies who have made it on to the list really have something to shout about. They make the kind of positive headlines which we at The Journal really like to see.”
The Fastest 50 is sponsored by leading North law firm Ward Hadaway and supported by The Journal.
Colin Hewitt, head of commercial law at Ward Hadaway, said: “The award winners and indeed every business in this year’s Fastest 50 have performed fantastically well in a challenging economic climate and we salute their achievements.
“They are all shining examples of success which shows that we in the North-East can compete not just on a national level but a global one too.”
The Fastest 50 winners for 2008
Fastest growing small business: Hargreaves Coal Combustion Products, Esh Winning, County Durham.
Fastest growing medium business and overall winner: Fast Temp Engineering, Hebburn, South Tyneside.
Fastest growing large business: Merit Merrell Technology, Wallsend, North Tyneside.