Tech Track 100 – is your company one of the fastest-growing tech businesses in the UK?
Each year The Sunday Times ranks Britain’s 100 private tech companies with the fastest-growing sales over the last three years. It’s a varied list, but one that demonstrates the growth and potential of your company to investors and peers as well as current and future customers.
Tech Track 100 companies on the list are typically:
- an independent tech* company
- UK registered, unquoted, and not subsidiaries
- achieving sales of at least £250,000 in the base year (2014 or 2015)
- achieving sales of at least £5m in the latest year (2017 or 2018)
* The definition of a technology company is based on the London Stock Exchange’s techMARK definition, i.e. ‘a company that shows a commitment to innovation, research and product development, and operates in sectors including software, internet, telecoms and biotech.’
Over a third of the companies on last year’s list were started by serial entrepreneurs, including cloud services provider UKCloud (No 22). The dominant sectors on the league table included software, with twenty one companies featuring, such as Ipsotek (No 75), which provides video analytics software for tracking security risks. Sixteen fintech companies also appeared, including WorldRemit (No 40), which processes more than 650,000 online money transfers every month.
You’ll get a sense of the type of companies that populate the Sunday Times Hiscox Tech Track 100 and the emerging trends from last year’s Top 100 ranking (external link).
Of course, each company on the list has faced their own challenge as they’ve risen from start-up to potential major player. Hear more from some of the companies that populated last year’s lists as well as tips from more well-known entrepreneurs in our serial entrepreneurs hub.
As an insurer that has been writing intelligent insurance solutions for the tech industry for more than 22 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.
If your company is a computer reseller, a payday lender or a company that is an equal joint venture, or majority-owned either by another privately-owned company or quoted company then you won’t be able to apply. While IT consultancies and IT services companies must generate a significant proportion of their sales from proprietary technologies.
For full details on criteria visit Tech Track 100. (external link)
Companies that do not meet the criteria can still be considered for the Ones to Watch programme. This is a selection of companies that have either achieved, or predict, good sales growth.
Nominations are open until midnight, 6 July 2018 and the list will be published in The Sunday Times on 9 September 2018. To enter, fill in the nomination form (external link).
We look forward to seeing if your company makes the 2018 Sunday Times Hiscox Tech Track 100…good luck!
At Hiscox, we want to help your small business thrive. Our blog has many articles you may find relevant and useful as your business grows. But these articles aren’t professional advice. So, to find out more on a subject we cover here, please seek professional assistance.