The Business Magazine has published the Thames Valley SME 100 Growth Index for 2016 – a annual listing of the region’s fast-growing small and medium-sized enterprises. The Index, based on increase in turnover, highlights the SMEs that have grown significantly in the past year and covers a range of sectors from technology to property, retail to insurance.
One of the fastest-growing software companies in the UK – Fairsail – founded by Colin Cooper in 2007 – is number one in the Index. The Reading-based success story, which has seen Fairsail grow to more than 100,000 users, has reported sales of £5.6 million – up from £2.6m the previous year, a rise of 115.4%.
Fairsail, which employs about 100 people, creates and sells cloud-based HR systems. Recently, Sage invested £10m for a 21% stake in the business.
At number two in the Index is Roc Technologies – founded by Matt Franklin. The Newbury-based business and technology service provider was recently recognised in second place in the Sunday Times Hiscox Tech Track 100. With a turnover of £15.8m, Roc Technologies has grown by 92.7% in the past year.
At number three, Phoenix Datacom Group specialises in the security and performance of data centres, networks and applications. It works with government and Ministry of Defence, and, since formation in 1984, the Aylesbury company has grown exponentially. In the past year, sales have virtually doubled, to £12.1m.
Fourth place goes to Rebellion Developments, the Oxford computer games company. The studio behind hit games like Sniper Elite, which has sold more than 10 million units worldwide, Jason Kingsley’s company is a global success story.
Supported by Spectrum Corporate Finance, VitalSix and Thames Valley Berkshire Business Growth Hub, the Growth Index is a barometer of the region’s economy.