Two tech companies in Fastest 50 list of North East’s quickest growing company revealed

In the 2016 Ward Hadaway North East Fastest 50 for 2016, Aspire Technology Solutions and Silverlink Software represent the technology sector.

Aspire Technology Solutions, from Gateshead, is an award-winning managed services company specialising in hosted services, data centre solutions, communications and IT support, while Silverlink Software, from Newcastle is one of the most widely-used patient administration systems (PAS) providers in the NHS.

Organised by leading law firm Ward Hadaway and backed by The Journal, the list highlights and celebrates the achievements of the profitable, privately-owned companies in the region who have grown their turnover by the largest amount in recent years.

This year’s Ward Hadaway North East Fastest 50 spans a wide range of sectors from manufacturers and retailers to construction companies and IT businesses.

Colin Hewitt, Partner and Head of Commercial at Ward Hadaway, said: “It is always a pleasure to announce the companies who have made it into the Fastest 50 and this year is no exception.

Following the publication of the full A to Z list, the Fastest 50 Awards will take place at BALTIC, the Centre for Contemporary Art, in Gateshead on Friday October 14 when the winners of the Fastest 50 2016 will be revealed.

Awards will be given to the fastest growing small, medium and large business with one of these three winners going on to be named the overall fastest growing North East business for 2016.

The companies in this list have been selected from the table of fastest growing profit-making, private, regional companies, based on turnover growth.

Information has been compiled by researchers at St. Chad’s College/Durham Business School using data which is publicly available at Companies House of UK-listed companies.

The average turnover growth has been assessed on a percentage increase based on the difference between turnover figures filed for the last three years.

To qualify, companies must be trading entities and have turnover in excess of £1,000,000 in the last three years of filed accounts, which are up to date as at 31 July 2016. Companies must also have made profits in each of the past three years’ accounts and must have filed new accounts since last year’s Fastest 50.