Entries now open for the 2019 Deloitte UK Technology Fast 50 awards

• Awards recognise and rank the 50 fastest growing technology companies in the UK;
• Last year’s winner Deliveroo achieved an average three year growth rate of 15,749% to the year 2017/18;
• The average four year growth rate recorded for companies in the Deloitte UK Technology Fast 50 was 2,176% in the year 2017/18;
• Last year’s Fast 50 companies generated combined revenues of £1.2bn in 2017/2018 and employed more than 9,000 people.

Entries are now open for the 22^nd 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 DLA Piper, Oracle NetSuite and Silicon Valley Bank.

Since 1998, the Deloitte Technology Fast 50 awards have showcased an increasingly innovative and diverse range of UK-based technology companies. Last year’s Fast 50 companies generated cumulative revenues of £1.2bn in 2017/18, an impressive average growth rate of 2,176% and employed more than 9,000 people in the UK.

Duncan Down, lead partner for the Deloitte UK Technology Fast 50 programme commented: “The UK’s start-up scene is thriving, sparking new opportunities for entrepreneurs, employees and businesses across the country. The Fast 50 awards give us the opportunity to acknowledge the growth that UK start-ups are experiencing, and the contributions they are making to the economy.

“It’s a pleasure and a privilege to showcase the talent of the teams and the brains behind brands entering the UK market with these awards, and we look forward to viewing this year’s entries and celebrating their success.”

Riding to victory – Deliveroo
For the second-year in a row, Deliveroo topped Deloitte’s UK Technology Fast 50 awards. The food courier service was the first company in the 21-year history of the Fast 50 to win twice, reporting an average three-year growth rate of 15,749% to the year 2017/18.

Dan Warne, Deliveroo Managing Director in UK and Ireland, commented:
“The Fast 50 awards are famed for showcasing the vibrancy and dynamism of the British technology scene, and we are delighted to have topped these rankings not once but twice. The UK’s tech sector continues to grow at pace with more and more start-ups seeking to build, grow and disrupt, and these awards act as a barometer to measure their success.

“Since receiving our awards, Deliveroo has continued on its mission to deliver for our riders, restaurants and customers and is proud to export our British built technology around the globe.”

End

Note to editors

About the Deloitte UK Technology Fast 50
The Deloitte UK Technology Fast 50 is one of the UK’s foremost technology award programmes. Now in its 22nd year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last four years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. The UK Technology Fast 50 is part of an international programme run by Deloitte and qualifying entrants of the UK Fast 50 will be put forward to the Deloitte Technology Fast 500 EMEA (Europe, Middle East and Africa) programme. Previous winners have come from across the UK, are both large and small, and have included some of the most dynamic players in all areas of technology, from internet specialists to biotech, digital media technology and telecommunications.

For more information 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 £42,000 (€50,000) for the first financial year of the four year period and £817,000 (€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 2018 and 31 May 2019.
• All submissions must be accompanied by signed accounts for the first and last financial year of the four-year period. Unless a statutory exemption is being taken, these accounts must be unabbreviated and audited.

If you have any further questions regarding whether your company qualifies, please contact fast50@deloitte.co.uk

About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.

Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NWE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press.

For more information, please visit www.deloitte.co.uk

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