UK’s fastest growing companies revealed in Fast Track 100
Young Guns companies Heck!, Graze and BrewDog feature in 2015 index
Britain’s fastest growing private companies have been revealed in the 19th annual Sunday Times Virgin Fast Track 100 index.
Combined, the 100-featured companies have increased their sales from £816m to £3.7bn over the last three years – an average of 65% a year – and added more than 13,500 jobs as a result of acquisitions and hiring.
A number of Young Guns-founded companies featured on the list, with gourmet sausage producer Heck! in fourth position, thanks to an average sales growth of 158%, and online snack box retailer Graze in position 86, with a 48% increase in sales.
Furniture retailer Loaf also made the cut, with a 71% average increase in sales placing it at 34, followed by Aberdeen-based brewery BrewDog at 35, which was founded by 2009 Young Guns and current Keystone Law Golden Guns James Watt and Martin Dickie.
GreenTech Distribution, a mobile phone recycling company, took the top spot with a 248% average sales growth over the last three years, from just £1.2m in 2012 to £48.9m in 2015.
The combined operating profits of this year’s 100 were £342m, with the services sector accounting for over half (51) of the featured businesses, followed by retail (28) and manufacturing (25).
Nearly two fifths (39) of businesses in the 2015 index were based in London and 18 in the South East – while the next highest proportion were located in the North East (11)and North West (8).