Do you lead a growing business in the technology sector that has the potential to become a market leader? If you do, then why not nominate your business for the Sunday Times Hiscox Tech Track 100 league table? You have until 3 July, so move quickly…
Each year, the Sunday Times ranks Britain’s 100 private tech, telecoms and digital media companies with the fastest-growing sales over the last three years. What better way to demonstrate the growth and potential of your company to investors and peers as well as current and future customers?
Trends we’ve seen over the years
Looking back on how the league table has changed over the years in terms of the type of companies that make it onto the list reveals some pretty interesting trends…
2014: software companies
Software companies dominated the league table. The 20 companies listed develop software for anything from tracking vehicles, (Masternaut, no 62) to monitoring health and safety (CR360, no 71) and booking meeting rooms for organisations with multiple offices (Condeco, no 84). The top company was LMAX Exchange, an online foreign exchange platform that was spun out of Betfair in 2012. It grew revenues 308% a year, from £271k in 2010 to £17.7m in 2013.
Other companies on the 2014 table include well-known names such as smartphone keyboard developer SwiftKey (No 3), online flight search engine Skyscanner (No 23), DVD and CD recycler musicMagpie.co.uk (No 24); and many work with or behind global brands such as Google, Microsoft and Apple.
2013: digital marketing
Digital marketing firms made up almost a fifth of the list – perhaps unsurprising when you consider the rise in the online advertising market over the past few years – and digital marketing firm MVF Global topped the list.
2012: digital media and entertainment
Digital media and entertainment is the dominant industry on the league table, with 18 companies offering services ranging from computer games development to online marketing consultancies. Digital marketing agency Essence topped the list.
2011: outsourced IT services
Outsourced IT services is the dominant industry on the league table, with 21 companies offering services ranging from data hosting to consultancy. Online money lender Wonga topped the list.
Looking back – in 2011 the report found:
“The sector bias of the league table has shifted since it was launched in 2001, with two new sectors coming into prominence. Outsourced IT, including cloud computing and managed hosting services, has grown strongly over the past two years as companies have sought more flexible ways to manage IT systems with less upfront cost. The other trend reflected in the league table is the ever-increasing range of services offered online to consumers: you can get a loan in 15 minutes, order a takeaway, trade in your car or recommend a plumber.”
What can we expect to see in this year’s list..?
Drones? Contactless payments? The Internet of Things? Who are the new kids dominating the tech block this year? If you have a view on what we can expect to see in this year’s league table, share your views in the comments below.
How to enter
To enter visit the nomination page on the Fast Track website: http://www.fasttrack.co.uk/fasttrack/main/nominate.html
- Deadline for entry/nomination: 3 July 2015
- Shortlisted companies notified: 3 September
- List published in The Sunday Times: 6 September
- Awards dinner: 17 November
Following entries and nominations, companies will be contacted directly by Fast Track to obtain their financial details and other information to establish if they meet the shortlisting criteria.
Further details of the entry criteria can be found on the Tech Track website: http://www.fasttrack.co.uk/fasttrack/nomination/techNominatelhm.html
Tech Track 100 companies range from mobile start-ups to digital marketers. Companies on the list are typically:
- owned and run by entrepreneurs
- have between 20 and 200 staff
- have an average three-year-sales growth ranging from 40% to 280% pa
- have sales ranging from £5m – £50m
Hiscox as sponsor
As an insurer which has been writing intelligent insurance solutions for the tech industry for over 20 years, we’re once again proud to be the title sponsor for the Sunday Times Tech Track 100. It’s an important part of our ongoing commitment to supporting the growth of the UK technology sector.
We look forward to seeing if your company makes the 2015 Sunday Times Hiscox Tech Track 100 League Table… Good luck!