Sunderland training consultancy NAC Group has stormed onto the latest Sunday Times Virgin Fast Track 100, which ranks Britain’s 100 private companies with the fastest-growing sales.
The NAC Group is a training, consultancy and outsourcing business that helps public organisations and private companies improve performance to boost productivity, meet green objectives, and up-skill staff.
NAC employs 40 people and its sales have grown by 92.87% over the last three years with a recorded turnover of 7.6m by July 2008. It has shown further growth despite the recession by recording a turnover of £11m in July 2009.
The NAC Group has three areas of work; its Green Collar Training products are intended to help companies to meet their green objectives by providing their staff with correct climate-change skills and understanding.
Its NHS Hub helps health sector organisations to improve their service performance by providing staff with lean skills. The third area is NAC Group’s Manufacturing Support Specialists (MSS) which help companies to enhance their performance by streamlining production, improving logistics and outsourcing key functions.
Paul Robson managing director of NAC Group said: “Being recognised in the Sunday Times Fast Track 100 five years into our business journey is excellent news. Prospects for our future growth are excellent, both in the NAC Group’s core business of training for improved productivity in the manufacturing sector, and in diversifying away from this core.
“NAC Group’s core business involves the delivery of training and provision of skilled labour for lean manufacturing. We’re well positioned to benefit from the recovery of the manufacturing sector as it emerges from the current recession, and seeks new labour and enhanced skills.
“We also expect to benefit from the expansion of government-funded training programmes aimed at getting the unemployed back into employment, and at up-skilling the existing workforce. This will remain a priority irrespective of the outcome of the next election.”
NAC also aims to grow from the number of new business opportunities in the fields of low carbon manufacturing and sustainable development, including renewable energy.
“These markets are expected to be the focus of huge public and private investment over the next 5 to 10 years, and the NAC Group aims to react to the opportunities with a mix of public sector funded and commercial training products,” added Paul.
NAC is the only company in the North East region to feature on the league table with well-known names such as the fashion retailer Cath Kidston and chocolate retailer Hotel Chocolat Stores; along with translation company Applied Language Solutions, which has flourished after it was rejected for investment on BBC2’s Dragon’s Den.