5:32 am, June 9, 2015
THE North East’s largest independent motor group, Benfield, is the only company based in the region which features in the latest Sunday Times Top Track 100 table.
Newcastle-headquartered Benfield is ranked at 83 and features on the table for the first time, increasing sales by 13 per cent to £700m for the year to December 31, 2014.
The league table ranks Britain’s leading private companies by sales in their latest available accounts.
The family-owned business is delighted with its leading position.
Mark Squires, Chief Executive, said: ‘As a family-owned business founded in Byker on the East side of Newcastle in the 1950s, we are immensely proud to be represented for the first time amongst the largest private companies in the land.
‘Our sure growth over many years is a testimony to our people who number over 1500 and the family values we strive every day to live by.’
Benfield features on the table alongside a number of high-profile national brands, including Clarks, Dyson, JCB and Virgin Atlantic.
Benfield Motor Group is an independently owned family business founded in Newcastle in 1957 by John Squires snr and developed by John Squires jar, the present chairman.
The company has 30 retail outlets throughout the North East of England, Yorkshire, Cumbria and south-west Scotland across a portfolio of 12 car retail brands.
The Top Track 100 annual league table is sponsored by HSBC and Linklaters. It is compiled by Fast Track, the Oxford-based research and networking events company.
Dan Howlett, head of Corporate Banking in the UK at HSBC, said: ‘It’s encouraging to see dynamic private companies from across the UK recognised by the Top Track 100 league table.
‘These businesses are passionate and dedicated.’
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