Two top North East technology firms have made it into one of the country’s leading barometers of business success.
The annual league table, in its 14th year, ranks Britain’s leading 100 private technology companies by looking at the fastest growing sales performances over the last three years.
Turnover at Aspire, which has current turnover of around £6.1m and employs 51 people, has grown 52% in the time period.
Nomad Digital, which is working with T-Mobile on the biggest deployment of WiFi on trains in eastern Europe, has increased sales by 54% to £7m.
Nigel Begg, Aspire managing director, said: “We’re absolutely delighted to have entered such a prestigious league table and to be the only new entry from the region this year.
“Being part of The Sunday Times Hiscox Tech Track 100 is a true reflection of how fast we’ve grown. We’ve achieved record financial results each year since we established the company in 2006 and predict growth of at least 30 per cent for this year.
“One of the reasons for our success is our real focus on our clients.
“We’re always determined to deliver significant cost savings for customers, as well as a first-class service, support and outstanding technical delivery. We know this approach works – our client retention rate remains at over 98%, and this latest news is further evidence that it’s the right approach.”
Aspire, based at the landmark Heworth Hall, has clients throughout the UK and Europe including the Labour Party, Barbour and SAFC.
In February the company announced record results for the seventh consecutive year, with turnover increasing year-on-year by 58% to more than £6m. The company is on course to hit its £8m target for this current year.
During the same period employee numbers rose by 25% and the company expects technical and service recruitment to increase by a further 15% in the next 12 months to support continued planned growth.
Past Tech Track 100 league table stars include property website Zoopla, now valued at £1bn, and Candy Crush maker King.com, now valued at $4bn.
The league table is sponsored by Hiscox, Barclays, BDO and Business Growth Fund and compiled by Fast Track, the Oxford-based research and networking events firm.
Steve Langan, managing director of Hiscox UK and Europe, said: “Many former Tech Track 100 companies have gone on to become stand-out successes, and this year’s listing is equally exciting. Every single one of these businesses is contributing to the UK economy, and that should give us all confidence that Britain’s tech scene is in rude health.”