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Two North East firms ranked among Britain’s top 250 private mid-market growth companies

The 13th annual Sunday Times Grant Thornton Top Track 250 league table, which ranks Britain’s private mid-market growth companies with the biggest sales, will this year include two firms from the North East.

Newcastle-based Parkdean Resorts is the biggest mid-market growth company in the region for a second consecutive year, and also has the biggest profits.

Parkdean sales grew 9% to £432m while profits grew 21% to £82m. The company, which employs more than 5,200 people at its 73 holiday parks nationwide, features on the list at number 36.

Newcastle-based IT recruitment consultancy Frank Recruitment Group also features, having grown sales 33% to £126m. Especially helped by its expansion in the US, the firm makes the list at number 226.

The companies in the northeast appear with businesses from around the UK, including Aston Martin, Holland & Barrett, Travelodge, Lush and PureGym.

The league table and awards programme is sponsored by Grant Thornton and Lloyds Banking Group, and compiled by Fast Track, the Oxford-based research and networking events company.

Andy Wood, Partner at Grant Thornton UK LLP, the title sponsor of the league table, praised the companies for their performance: “The UK may be at a pivotal point in its history, but the Top Track 250 clearly demonstrates what can be achieved by exciting dynamic businesses.

“These companies think locally and act globally, they innovate to grow and embrace an entrepreneurial spirit that this country needs to secure a positive post-Brexit future.

“At Grant Thornton we are seeking to stimulate ideas and actions that can help shape a vibrant UK economy that thrives. We can all learn a lot from the Top Track 250.”

The full Sunday Times Grant Thornton Top Track 250 league table will be published this weekend.

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