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Deloitte names Britain’s 50 fastest growing technology companies

Deloitte’s annual ranking of the top 50 fast growing tech companies was revealed this week.

This year’s group of companies were responsible for 5,000 jobs and generated an incredible £672m of combined revenue across 2012/13.

Positive sentiment for future growth

Deloitte survey the Fast 50 CEOs each year, and in recent years, concerns about cash flows have been the number 1 challenge. But this year, only one in ten companies had the same concerns, pointing towards further signs of economic recovery in Britain.

David HalsteadCompanies are still finding it hard to finance research and development. Commenting on the survey, Deloitte’s David Halstead [pictured right] said:

“Britain’s technology companies have faced a challenging five years, even though the winners have grown significantly faster than the economy over the past five years, but they cannot, and do not, operate in isolation. In line with the wider economy, the entrants reveal a challenging five-year period, but with a bright outlook.”

Infectious Media at the top of the table

This year’s winners, Infectious Media, are a digital advertising platform based in Clerkenwell and since 2008, its revenue growth averaged 9,774 per cent.

London on top, generating 47% of revenues

London lead the way with 40 per cent of the Fast 50 companies based in the capital generating 47 per cent of the combined revenues in 2012/13.

London was responsible for the majority of revenue generated by ‘softer’ technology companies with 64 per cent of revenues from Internet, software, media and entertainment winners based in the capital.

Harder’ technologies were more strongly associated with regions outside of London. A fifth of combined winner revenues (£126 million) were generated by telecommunications companies, mostly based in the South East.

The full fast 50 list of companies

Company

Growth

Region

Sector

Infectious Media

9774%

London

Media & entertainment

Avecto

4731%

North

Software

AlertMe

3393%

Cambridgeshire & East

Internet

Mobile Account Solutions Ltd

3332%

South East

Telecommunications

Lovestruck.com

2658%

London

Internet

Monitise Plc

2319%

London

Software

Sixteen South

2214%

Northern Ireland

Media & entertainment

FreeAgent

2128%

Scotland

Software

Equal Experts UK Ltd

2035%

London

Software

Backbone Connect

1810%

London

Telecommunications

Evance Wind Turbines

1627%

Midlands

GreenTech

notonthehighstreet.com

1536%

London

Internet

Simplify Digital Ltd

1443%

London

Software

The Test People

1356%

North

Software

Intelligent Energy

1333%

Midlands

GreenTech

Infracast

1325%

South East

Telecommunications

Virtual1 Ltd

1250%

London

Telecommunications

Click Travel

1181%

Midlands

Software

Silixa Ltd

1118%

London

Electronics

The Magnetise Group

1102%

London

Internet

Skyscanner

1033%

Scotland

Internet

Horizon Discovery Ltd

1027%

Cambridgeshire & East

Biotechnology

Bowman Power

1022%

South East

GreenTech

White.net

991%

South East

Internet

Textlocal

980%

North

Telecommunications

JUST EAT

976%

London

Internet

Maxymiser

937%

London

Software

sales-i

916%

Midlands

Software

Vegware

901%

Scotland

GreenTech

Supermassive Games

787%

South East

Software

Ayima Search Marketing

781%

London

Internet

CommAgility Ltd

766%

Midlands

Telecommunications

RandomStorm

722%

North

Internet

Academia Ltd

711%

London

Software

Brandwatch

703%

South East

Software

The Nostrum Group

623%

North

Software

P2i

611%

South East

Electronics

BCS Global Networks

595%

London

Telecommunications

Peach Telecom

571%

South East

Telecommunications

Global Personals Ltd

570.64%

South East

Internet

Forbidden Technologies Plc

570.56%

London

Software

HighQ

570%

London

Software

Oriium Consulting Ltd

540%

North

Telecommunications

4D Data Centres

529%

South East

Telecommunications

Mimecast

526%

London

Internet

MPB Photographic

509%

South East

Internet

M Squared Lasers Ltd

498%

Scotland

Electronics

Miroma International

496%

London

Media & entertainment

Orca Digital

494%

London

Telecommunications

FISCAL Technologies Ltd

487%

South East

Software