Member Article

Lusso Stone In Fast Track 100

Teesside based bathroom specialist and stone baths retailer Lusso Stone has announced that they have been ranked 18 in the Fast Track 100 for 2018. The annual league table, released each year in December and run by The Sunday Times and Virgin Atlantic, brings together the top 100 privately run companies in Britain which have seen substantial growth in recent years. Lusso Stone will be appearing on the list, which in 2017 saw a wealth of well known names, including the likes of Puregym, Missguided, Brewdog and Five Guys.

Local entrepreneur Wayne Spriggs founded Lusso Stone in 2014 and has become one of the market leaders in stone baths and luxury bathrooms. Wayne will be presented with The Sunday Times Virgin Atlantic Fast Track 100 award at a prestigious event and alumni dinner in May next year, which will be hosted by Sir Richard Branson and attended by other specially selected companies who have been chosen to rank in the distinguished league table.

The criteria for the Fast Track 100 contains a strict set of qualifications that businesses need to meet in order to be considered for the sought after award. Lusso Stone’s tremendous growth in recent years has meant that the company was able to not only meet this criteria, but was chosen to rank 18 in the table out of a total of 100 businesses. Other companies who have been listed in previous years have gone on to become household names, including the likes of Skinny Dip, Gymshark, Heck Sausages and Gtech. The Fast Track 100 has been deemed ‘the oscars’ of growing companies and is a body that many businesses seek recognition from. The award celebrates the very best of British entrepreneurs, with many previous winners experiencing further growth since being ranked in the top 100.

Lusso Stone, a retailer of luxury bathrooms specialising in stone baths, is a company based in Teesside. Established in 2014, the store is owned by local entrepreneur Wayne Spriggs. Wayne founded Lusso Stone with a vision to provide high end, luxury bathrooms at affordable prices after seeing a gap in the market while working in the property development sector for a number of years. The company has seen substantial growth in recent years, with a turnover of £8 million and year on year sales growth of 105%. This positive growth has also led to the company employing more staff and acquiring the services of local digital marketing agency, Acquiro Digital. Since partnering with the agency, Lusso Stone has doubled their revenue through the efforts of Acquiro, which has helped lead to their inclusion in the Fast Track 100.

This news comes just a few months after the company recently announced their plans to go stateside, with Lusso Stone set to open up their US office in the new year. This is due to the increasing demand of luxury stone resin bathroom products across the pond, with Lusso Stone already seeing a high number of orders from the US on a weekly basis.

Upon being announced as a Fast Track 100 company, Wayne was delighted with the news, stating that ‘Making the Fast Track 100 is a huge achievement for Lusso Stone. We have worked very hard to establish ourselves as one of the UK’s leading manufacturers of high-end bathroom products. Not only did we make the top 100 but we have been ranked 18th in the country and are ranked 1st in the North East of England!’

This was posted in Bdaily's Members' News section by Claire Hunter .