These are the fastest-growing tech businesses in the UK right now

Young Guns, Startups Awards, and Startups 100 companies reign supreme in Deloitte’s annual Fast 50, with one company growing by over 107,000%

Start-ups and small businesses looking for inspiration should take note of the latest Fast 50 winners; the 50 UK tech-companies which have enjoyed the highest-growth in revenues over the past four years.

Compiled by Deloitte, the 20th annual Fast 50 2017 ranking has named Deliveroo – the on-demand food delivery service – as the country’s fastest-growing tech company, setting a new record with revenue growth of 107,1117% since 2013.

Launched by Young Guns Will Shu and Greg Orlowski in 2013, Deliveroo now operates in 150 cities and recently raised $385m in fresh funding.

This week Deliveroo, which employs 27,000 riders, won a landmark legal victory which confirmed that its riders are self-employed and not workers.

See more: Will Shu – ‘How I went from investment banker to founder of $857m-backed Deliveroo’

Startups Awards finalist Bloom & Wild, the flowers-through-the letterbox delivery service founded by Young Gun Aron Gelbard, ranked as the second fastest-growing tech business for having achieved revenue growth of 13,818% since 2013.

Other familiar names to Startups’ readers among this year’s Fast 50 include Funding Circle, Yieldify, Smarkets, GoCardless, Farfetch, WorldRemit, and Seedrs.

Common trends shared by the UK’s fastest growing tech companies

Analysing the Fast 50 and entries submitted for the index by 147 tech companies and 93 CEOs, Deloitte has highlighted recurring themes among fast-growth tech businesses. These included:

  • CEOs of fast-growth tech companies learn from experience and past mistakes. Nearly 60% of CEOs had previously founded – or been involved in founding – another start-up, while 20% of CEOs said they had built success from lessons learnt from previous failures.
  • The fastest-growing tech companies tend to be those who either do better than market incumbents…
  • Or have launched a product or service which did not previously exist.
  • The fastest-growing tech companies are most likely to have started in, or be headquartered in, London. 32 of this year’s Fast 50 are based in London.
  • Software businesses are the most likely to enjoy soaring revenues. 44% of the Fast 50 operate in the software sector…
  • But, emerging sectors are on the rise. 20% of the Fast 50 operate in fintech, while 16% operate in media and entertainment, and another 16% are internet-based.
  • CEOs of the UK’s fastest-growing tech companies prioritise revenue growth over profits. 70% of the CEOs surveyed said that revenue growth was a more important objective than profitability but 60% CEOs did say they expected profitability to become the most important factor over the next five years.

The Fast 50 2017 winners, ranked by revenue growth

Ranking Company Growth Region Sector
1 Deliveroo 107,117% London Internet
2 Bloom & Wild 13,818% London Internet
3 MoveGB 6,053% South West Internet
4 Smarkets 5,390% London Fintech
5 Stratajet 3,634% London Internet
6 Paddle 3,239% London Software
7 Receipt Bank 2,947% London Fintech
8 GoCardless Ltd 2,097% London Fintech
9 Coull 1,915% South West Media & Entertainment
10 Brainlabs 1,913% London Media & Entertainment
11 Outplay Entertainment 1,904% Scotland Media & Entertainment
12 LoopMe 1,825% London Software
13 VIRTUS Data Centres 1,729% London Software
14 Optal 1,714% London Fintech
15 Kantox 1,688% London Fintech
16 mobstuff 1,635% London Media & Entertainment
17 Duco 1,590% London Fintech
18 In Touch Networks 1,572% North West Internet
19 WDX 1,563% London Fintech
20 Volta Data Centres 1,562% London Software
21 PM Connect Ltd 1,319% Midlands Media & Entertainment
22 CyanConnode 1,221% Cambridgeshire and East Telecommunications
23 Ieso Digital Health 1,175% Cambridgeshire and East Healthcare & Life Sciences
24 Yieldify 1,144% London Media & Entertainment
25 BigChange 1,095% North East Software
26 Poq 1,015% London Software
27 Exsel Group 959% Scotland Software
28 Realeyes 932% London Software
29 Funding Circle 853% London Fintech
30 Reddico 851% South East Internet
31 Fonix 785% London Fintech
32 StarLeaf 782% London Software
33 Kymab Ltd 763% South East Healthcare & Life Sciences
34 Victor 716% London Internet
35 Blis Media 702% London Media & Entertainment
36 Featurespace 677% Cambridgeshire and East Software
37 Mighty Social 651% London Media & Entertainment
38 Farfetch 649% London Internet
39 WorldRemit 642% London Fintech
40 Nervecentre Software 636% South East Software
41 Black Swan Data 597% London Software
42 BlueGlass 561% London Media & Entertainment
43 BookingBug 554% London Software
44 Peppermint Technology 552% Midlands Software
45 Ebury Partners Ltd 548% London Fintech
46 SIPHON 539% South West Telecommunications
47 Cloud Technology Solutions 510% North West Software
48 AccessPay 497% North West Fintech
49 Arcus Global 491% Cambridgeshire and East Software
50 Seedrs Ltd 481% London Fintech

 

David Cobb, lead partner for the Fast 50 programme concluded: “Successful pursuit of growth is an implicit characteristic amongst Fast 50 companies, but this is a far from simple feat.

“Winners tend to be those that have spotted, and capitalised on, market opportunities for tech-enabled growth in new and existing sectors.

“And when looking across all of the 662 unique winners over the last twenty years, it is easy to see that having a great product or service, knowing your customer and employing excellent staff are the common ingredients to help ensure fast-paced growth.”