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Ward Hadaway North East Fastest 50 Awards

Tyre Spot Ltd, the long-established independent tyre supplier has been named as one of the 50 fastest growing companies in the North East.

The prestigious Ward Hadaway North East Fastest 50 Awards, in association with The Journal, celebrate growth, innovation and the commercial achievements of North East businesses.

Based on financial data filed with Companies House, the list ranks the fifty best performing privately-owned companies which have consistently increased turnover over the past three financial years, whilst remaining profitable. Tyre Spot was ranked 8th in the medium-sized business category and an incredible 38th overall after another record-breaking year for the family-run regional.

Damien Charlton a Partner at Ward Hadaway’s Newcastle Office, said, “Congratulations to Tyre Spot for featuring in the 2022 Ward Hadaway North EastFastest 50, it’s an incredible achievement and testament to your talented team, innovation and passion for your business and the industry you work within.

“Sectors including manufacturing, engineering, construction, technology and retail feature in this year’s Fastest 50 and we’re seeing regional businesses continue to excel which, in turn, has seen continued growth and development.  

“This year’s Fastest 50 list demonstrates the unique spirit of North East businesses and how they’re determined to push boundaries, try something different and overcome any challenges they face along the way. We’re delighted to celebrate this recognition with you, and you should feel extremely proud of your achievements”.

Johnathon Shaw, Joint MD for Tyre Spot said of his company’s achievement, “To find ourselves, once again on the prestigious Fastest 50 list, is a real honour and we will take a moment to celebrate this achievement. However, we will also use this as a motivational tool to, not rest on our laurels, but to keep pushing forward and hopefully continue our growth so that we can find ourselves back on the list again in the future.

“The challenges that we have endured as a company, industry and country over the last few years is nothing short of unprecedented in our lifetimes and it has certainly helped to focus minds and look at long and short-term strategies for the business. Strategies that we have been able to put into place with the appointment of key staff at the right time and while we continue to push and support each other, we continue to hit these targets that we set, often well in advance of expectations.

“We are proud to serve the North East of England through our chain of fast-fit autocentres and wholesale division. Our brand portfolio has been a huge asset to us and has allowed us to expand our distribution into other areas of the country and work to grow tyre brands within the UK and beyond, not just our customer base in the region.

“We thank Ward Hadaway for the accolade, and we share this with our hard-working team, our incredibly supportive suppliers and partners, and our ever-loyal customers.”