Innovative hospitality business, The New World Trading Company (NWTC), has achieved a place on the Sunday Times Virgin Fast Track 100 league table for the third consecutive year, cementing the Knutsford-based company as the fastest growing pub and restaurant operator in Britain, achieving over 60% growth in the last three years.
In its 21st year, the Fast Track table ranks Britain’s private companies with the fastest-growing sales and NWTC is the highest-ranking pub & restaurant business.
With three successive years on the table and a 60.56% sales increase, NWTC attributes its rapid growth success to the expansion of its pioneering brand concepts, including The Botanist, which is well-established in seven locations and newer additions to the portfolio including The Canal House, a heritage-rich Birmingham-based pub which opened in July this year.
Ranked 56 nationally, multi-award winning NWTC owns six brands across twenty pub and restaurant sites and employs 858 people.
Chief Executive Chris Hill says: “Achieving a Fast Track hat-trick is a massive accomplishment for us all and to know that we’re the fastest growing private pub and restaurant operator in Britain is a huge accolade. This year has again seen us focus on what the market wants, continuing to innovate with fresh concepts and exceed customer expectations, while empowering our people to lead the different areas of the business forward. We’re delighted to have this recognition - it’s well-deserved for all involved.”
The fast growth of NWTC is set to continue into 2018 with a number of new sites opening, including a new Victorian-inspired restaurant and pub concept opening in Bristol and Liverpool called The Florist.
Thom Hetherington, CEO of the Northern Restaurant & Bar Exhibition says: “2017 has been a challenging year for many larger operators, with the combined pressures of discounting, increased supplier costs and competition from the home delivery market. NWTC’s ambitious but robust expansion has been driven by an experienced and capable management team who clearly have a sharp understanding of consumer trends and demands.”
Sir Richard Branson of Virgin, the title sponsor for all 21 years, commented: “Entrepreneurs are the lifeblood of the economy; driving innovation, creating jobs and challenging industry norms. The achievements of the companies on this year’s Fast Track 100 list are fantastic. It’s clear over the coming years UK business will have to adapt to different conditions and we must do all we can to support our entrepreneurs – who will be the engines of growth for Britain.”
The Fast Track 100 is sponsored by Virgin, Barclays, BDO, BGF and Virgin Media Business, and is compiled by Fast Track, the Oxford-based research and networking events firm.