A Cornish business features on a new listing of the UK’s 100 fastest-growing companies.
The inaugural Growth Index reveals the sectors that have flourished throughout the pandemic with arts and media emerging as the fastest-growing sector, closely followed by fintech and health.
Notably missing are companies from the hospitality, leisure and travel industries, some of the hardest-hit throughout the pandemic thanks to lockdown measures.
The Growth Index is an independent list which shines a spotlight on the most successful sectors and companies in the UK and analyses the positive impact of purpose, leadership, creativity and strategy behind their success.
Taking a two-year compound annual growth rate (CAGR) in revenue using accounting periods up to the end of 2021, the ranking offers a definitive overview of how the pandemic impacted UK company growth.
Among the companies featured is Truro-based digital music distributor RouteNote, which ranks 33rd with a CAGR of 87.42%.
Orlando Martins, founder of Growth Index, said: “Growth is more effective than any other economic force at improving lives. The Growth Index celebrates the people and companies making it happen, particularly after two exceptionally challenging years.
“Alongside the pandemic, technological and geopolitical shifts have shown that we need to adapt our ways of thinking about, being in and doing business. This isn’t simply about achieving higher levels of turnover. It’s also, and equally, about being profitable, ethical, sustainable and socially conscious in the way we do business.”
Andrew Higginson, chair of the Growth Index Advisory Board and former chairman of Morrison’s, added: “As the recently appointed advisory chairman of Growth Index, it is my pleasure and privilege to promote the successful leaders of this year’s winning cohort equally; alongside all those others striving to make this economy the world’s most growth-friendly.
“Clearly, it has been a disappointing year for those industries damaged by our response to Covid-19. I am sure they will thrive in the future. Particularly, I am glad to see so many sectors represented, including the strong presence of creative and my own forte, retail. Let us hope that next year’s Index demonstrates growth being spread more evenly around the United Kingdom as we work on extending opportunity to all with entrepreneurial zeal.”
