4 min read
What does the Tech Track 100 League Table say about Northern tech?
14 Northern companies featured on this year’s Tech Track 100 League Table, up from 12 in 2016.
The league table, published by the Sunday Times, ranks Britain’s 100 fastest-growing private tech companies based on sales figures from the last three years.
Here’s where the Northern firms feature:
9th – LADbible Group – online entertainment community (208.17% growth)
29th – Neuven – HR software developer (107.11% growth)
30th – Love Energy Savings – price comparison website (103.17% growth)
42nd – Double Eleven – video games publisher (92.32% growth)
50th – Cloud Technology Solutions – cloud software developer (82.62% growth)
54th – Performance Horizon – marketing software developer (77.61% growth)
61st – Trak Global Group – vehicle tracking technology (70.60% growth)
69th – Giacom – cloud services provider (60.73% growth)
70th – LPW Technology – metal powder manufacturer (60.69% growth)
76th – Bede Gaming – gambling software developer (54.41% growth)
86th – Godel Technologies – software developer (48.65% growth)
89th – Chameleon – smart energy monitoring (47.97% growth)
93rd – SaleCycle – marketing technology developer (45.85% growth)
99th – M24Seven – internet services provider (42.43% growth)
Growth doesn’t necessarily mean profit
Interestingly, of all the companies featured on the Tech Track 100, only 56% are currently making a profit. With that in mind, it’s great to see that 86% of the Northern tech firms featured on the league table turning sales into profit.
The UK has done a good job of attracting venture capital with £1.6bn invested into early stage companies in 2016. With most of the Northern firms turning a profit, they will no doubt be seen as attractive prospects for any potential investors.
How does this compare to 2016?
We’re pleased to see the number of Northern tech companies increase from last year, where 12 featured. Some familiar faces are back again this year, including Performance Horizon (ranked 37th), Salecycle (ranked 38th), Trak Global (ranked 49th), Neuven (ranked 50th), LPW Technology (ranked 51st), Cloud Technology Solutions (ranked 52nd) and Love Energy Savings (ranked 99th).
There is still a long way to go to address the balance within the table though, with 57% of the companies based in London, including the number 1 firm Wonderbly, the personalised children’s book publisher whose sales have shot up 294% a year.
Ones to watch in 2017
Cheshire-based PortSwigger Web Security, a cyber-security development company started by a former professional hacker, features on the ‘ones to watch’ list. It develops software that is used by Microsoft, Google and Samsung, and is sold in 120 countries around the world. Definitely one to keep an eye on!
Click here for the full Tech Track 100 League Table.
Click here for the full Sunday Times supplement.
Let us know what you think of the results of this year’s Sunday Times Tech Track 100 League Table in the comments below.