Sunday Times reveals names of British businesses with fastest-growing profits
High-growth companies BrewDog, Tangle Teezer and Four Communications among those named in newspaper's annual Profit Track 100 league table
The Sunday Times has published its annual Profit Track 100, a league table of Britain's top 100 privately-owned businesses with the fastest growing profits based on their last three years of accounts.
To be eligible for the index, companies must have sales of between £3m and £40m and achieve average three year profit growth of 40% to 200% each year.
Companies featured in the index include Young Gun-founded independent brewery BrewDog with profits of £5.5m, alongside Dragons’ Den success story Tangle Teezer; the hair products supplier which was rejected on the Den but has now grown to profits in excess of £7.2m.
Financial comparison site money.co.uk, founded by Chris Morling, was ranked in eighth place with profits of £15.4m, while online fashion retailer Missguided ranked at 32 with £4.8m profits, followed by London-based PR agency Four Communciations which came in at 73 with profits topping £4m.
Glenn Elliott, founder of Reward Gateway – which featured ninth on the index – commented on the news:
“Reward Gateway has grown exponentially from a company I started with a couple of credit cards, to become the world leader in employee engagement technology – our culture and commitment to open and honest employee communication has played a huge part in our success so far. Our mission is simple: to help make the world a happier place to work.”
View the index in full here.