Online investment platform SyndicateRoom has launched a report which identifies the fastest-growing businesses in the UK.
The report - entitled ‘Top 100: Britain’s Fastest-Growing Businesses’ - uses a methodology by Beauhurst to rank the country’s leading start-ups by their increase in valuation between 2014 and 2017.
Payments unicorn TransferWise secured the top spot after demonstrating a valuation increase of 57 times over the course of the three-year period.
Kristo Käärmann, CEO and co-founder of TransferWise commented: “We’re fortunate to have the support of world leading investors which means we can accelerate product development, but really what drives us is making money move across borders easier, cheaper, faster for the millions of people who need to manage their money across two or more countries.”
Deliveroo came in second place, with a valuation increase of 56 times over the same three years.
Gonçalo de Vasconcelos, CEO and co-founder of SyndicateRoom commented: “The first thing that springs to mind is just how inspiring they all are – from businesses that redefine our relationship with money to companies that are literally recreating the sun’s power on Earth.”
Relentless growth is drawing ambitious investors
He added: “When we consider that these are the fastest-growing private businesses by valuation, it’s not surprising that the winners’ relentless growth is drawing ambitious investors to join the action.”
Together, the top 100 companies highlighted span 12 different sectors, employ around 10,200 people and generate over £605mln in revenue.
London has the vast majority of the Top 100 firms with 71 of the companies headquartered in the UK capital.
A major gender gap is present, however, with only seven female founders finding their businesses on the list.