Published this weekend, the 18th annual Tech Track 100 league table ranks Britain’s private technology, media and telecoms (TMT) companies with the fastest-growing sales. Posting three-year sales growth of 71.67%, Ecometrica is one of only two Scottish companies to appear on the list in 2018.
Ecometrica ranks with businesses from around Britain, including currency transfer provider TransferWise, peer-to-peer lending platform Funding Circle and online entertainment community LADBible Group. Past stars range from travel search engine Skyscanner, which was bought by Ctrip, China’s largest travel company, for £1.4bn in 2016, to listed takeaway website Just Eat, now worth £5bn.
The Tech Track 100 is sponsored by Hiscox, Barclays, BDO, BGF and N+1 Singer, and compiled by Fast Track, the Oxford-based research and networking events firm.
Steve McGerr, head of direct commercial at Hiscox Insurance UK, commented:
“Tech businesses in Britain are thriving thanks to the fearlessness and determination of those that run them. We have great admiration for the talented entrepreneurs that make up the companies on this year’s Tech Track 100.”
Gary Davis, CEO of Ecometrica, said:
“Following several years of sustained growth, it is pleasing to receive another accolade for our performance. What is really exciting for us is that our growth reflects an increased willingness by corporations and governments to track, account for and manage their environmental impacts. With a healthy order pipeline and a number of further opportunities, which we are currently exploring, we look forward to years of sustainable and profitable growth.”
Inclusion on the Tech Track 100 continues the award wins for Ecometrica in 2018, having already been named on the Inc 5000 and FT 1000, and receiving the Environmental Leader Product of the Year Award for the Ecometrica Platform.
Notes for editors
Fast Track has published league tables of the UK’s top-performing private companies with The Sunday Times for the past 21 years. The company was founded and is run by Dr Hamish Stevenson, who also holds an associate fellowship at Green Templeton College, Oxford University.
League table criteria
The Tech Track 100 adopts the London Stock Exchange’s (LSE) techMARK definition of a technology company as one that shows a ‘commitment to innovation, research and product development’ and operates in sectors including software, internet, telecoms and biotech.
Companies had to be registered in the UK and be independent, unquoted and ultimate holding companies.
They are ranked according to the compound annual growth rate in sales over the latest three years.
Annualised sales had to exceed £250,000 in the base year and £5m in the latest year. Companies also had to increase sales in the latest year, but did not need to be in profit.
Pure computer resellers are excluded, while IT consultancies and services companies are required to generate a significant proportion of their sales from proprietary technologies.
The research was carried out by Fast Track principally between May and July 2018. Most of the companies were interviewed by telephone or visited by the Fast Track research team.