Deloitte has begun its annual search for the fastest-growing technology companies in the South West.
Now in its eleventh year, the Deloitte Technology Fast 50 is part of an international campaign to spotlight the growth achievements of technology companies.
Deloitte’s technology partner in the South West, Laurence Hedditch, said: “The Technology Fast 50 is widely recognised as an industry benchmark from which local high-tech companies can gauge their performance against some of the world’s most successful technology leaders.
“It is a feature of many fast-growth technology companies that their achievements remain overlooked, and our region has a superb record as a nursery for this kind of business.”
Last year’s national winner was Coventry logistics firm ByBox, whose revenues had grown by 15,272 per cent, from £119,000 in 2002 to more than £18.3 million in 2006.
E-learning software company e2train, based in Cirencester, was named the South West’s fastest growing technology firm, having grown by 1,547 per cent in the past five years.
The launch of the Technology Fast 50 coincides with the Deloitte report “Tooling Up,” which analyses the key operational and financial concerns of last year’s entrants. The report reveals key hurdles currently faced by technology businesses, including the recruitment of new, highly skilled and motivated staff.
The awards are open to any technology company with accounts over five years which demonstrate consecutive growth. Full details and an entry form are available at www.fast50.co.uk