News

Published this weekend, the 19th annual Sunday Times Hiscox Tech Track 100 league table ranks Britain’s private technology, media and telecoms (TMT) companies with the fastest-growing sales.

The seven companies headquartered in the northwest of England (compared to eleven last year) have grown their sales by an average of 103% a year over three years to a total of £114m, and together they now employ 1,250 people.

The seven companies include four new entrants to the table. Among them is Manchester-based web hosting provider Miss Group. Led by serial entrepreneur Mattias Kanetag, it hosts more than 250,000 websites for 150,000 SMEs, and saw sales grow to £6.9m last year.

Also featuring for the first time this year is Fruugo, based in Ulverston in Cumbria. It has created an online marketplace operating across 32 countries and 17 languages, allowing shoppers to buy in their own language and currency. Sales hit £6.7m in 2018.

The companies in the northwest appear with businesses from around Britain, including digital banking services provider Revolut, cybersecurity developer Darktrace, and currency transfer provider TransferWise. Past stars range from travel search engine Skyscanner, which was bought by Ctrip, China’s largest travel company, for £1.4bn in 2016, to online supermarket and tech company Ocado, now floated at a market cap of £8.6bn.

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