Entries are now open for the 25th annual Deloitte UK Technology Fast 50 awards. The awards rank and recognise the 50 fastest growing technology companies in the UK, based on the last four years of revenue growth. Supporting Deloitte’s initiative for the UK’s fastest growing companies are the award sponsors Multiverse and Oracle NetSuite.
Since 1998, the Deloitte Technology Fast 50 awards have showcased an increasingly innovative and diverse range of UK-based technology companies. Last year’s cohort of Fast 50 companies generated cumulative revenues of £2.92 billion in 2020/21, an impressive average growth rate of 3,337% and employed more than 19,000 people.
This year’s awards will see the launch of the new Fast 50 Women in Leadership Award, a ranking that will recognise those companies within the Technology Fast 50 that were either founded by a woman*, have a founding team comprised of at least 50% women or have a female CEO.
Lee Welham, Deloitte Cambridge Tech, Media and Telecoms partner lead commented: “The ongoing strength of the UK start-up scene is a testament to the resilience and tenacity of the businesses and entrepreneurs across the country. The winners of the last two Fast 50 awards hailed from regions across the UK, demonstrating the continued success of start-ups outside of the capital.
“Our annual Fast 50 awards, now in its 25th year, showcase the businesses that are making a real influence in their sectors. We look forward to viewing this year’s entries, including in our new Women in Leadership Award, which will help us to celebrate the successes of women in the technology sector.”
ClearBank champions
With an impressive three-year growth of 21,569%, last year’s winning entrant was payment and banking services provider ClearBank. The top three in last year’s competition were FinTech businesses, with FinTech companies making up 24% of the overall Fast 50.
Charles McManus, CEO of ClearBank said: “We were thrilled to win last year’s Fast 50 award, which recognised the hard work and commitment we have invested into the UK technology sector. There are more and more start-ups emerging each year in this fiercely competitive market, and these awards are an important factor in encouraging more British tech success stories.
“Since receiving the award, ClearBank has continued to grow quickly and remains focused on providing an innovative service for our customers, driven by our embedded banking platform.”
For full details and the entry form please visit: www.fast50.co.uk.
Deloitte UK Technology Fast 50 eligibility criteria
The parent company must be UK-owned and have its headquarters in the UK;
NB: Companies headquartered in Northern Ireland can take part in the UK OR Irish programme but need to choose one or the other and cannot enter both.
Operating revenues must be at least £41,000 (€50,000) for the first financial year of the four-year period and £835,000 (€1,000,000) for the most recent financial year.
NB: The accounts for the most recent financial year must have an accounting period ending between 1 June 2021 and 31 May 2022.
If you have any further questions regarding whether your company qualifies, please contact fast50@deloitte.co.uk
