London hosts half of Britain’s fastest growing tech companies
1 in 2 of Britain’s top 100 technology companies are based in the capital, according to the 13th Annual Tech Track 100.
The index lists Britain’s fastest growing-private technology companies and ranked them in a league table.
Its based on their average annual sales growth over the last 3 years.
Increases in sales and funding
At the top of the list was MVF, the digital marketing company from Kentish Town, which boasts a 277% rise in sales making £13.8 million in the last year alone.
Overall, the 100 companies made combined annual sales worth £783.9 million. The top 10 London based companies made £187 million of this on their own – or 24% of all the sales.
Out of the 50 based in London, 15 of them aren’t in profit.
This includes AlertMe, a provider of home monitoring services, at number 13 which raised £23 million in VC funding since 2006. Its sales reached £13.6 million last year.
Southwark based MobileWebAdz went down a place from last year to 5th after seeing a 220% rise in sales. The advertising company offers targeted ads to mobile devices and has reached over 25 million impressions in the last month.
Shoreditch based Mind Candy came in at number 10 with sales listed at £46.9 million for this year. The company recently announced its franchise Moshi Monsters would hit the movie screens.
Below are the the top 10 companies London companies from this years data.
Top 10 London-based tech companies
|Rank 2013||Company||Activity||Location||Latest Sales (£000s)|
|1||MVF||Digital Marketing services||North London||13,859|
|5||MobileWebAdz||Mobile Advertising provider||Central London||20,444|
|6||Zoopla Property Group||Property websites operator||Central London||35,792|
|7||PaymentSense||Payment processing services||Central London||12,354|
|8||Equal Experts||Software developer||Central London||13,499|
|9||Active Securities||Online finance provider||Central London||8,942|
|10||Mind Candy||Children’s game developer||Central London||46,893|
|11||We Are Social||Social media marketing agency||Central London||10,140|
|13||AlertMe||Smart home monitoring provider||Central London||13,610|
|14||Mansion House Consulting||IT Consultancy||Central London||12,017|
Image credit: flickr/estateagencyevents