Cornwall Live is celebrating the fastest-growing businesses across the South West – and we want your help to identify them.
Fast-growing businesses are key to driving the region’s economy forward, creating jobs and increasing productivity.
So Cornwall Live has teamed up with our sister publications the Western Morning News the Western Daily Press and southwestbusiness.co.uk to launch the South West Fast Growth 50.
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The Fast Growth 50 will highlight the 50 of the fastest growing companies based on turnover over the past three years.
WMN editor Bill Martin said: “As a region we have so much to celebrate.
“We have some remarkable long-established businesses which are mainstays of our economy and major employers.
“But it’s the fast-growing companies today which will become those powerhouses of tomorrow.
“These companies are innovating and scaling up, and their success is vital to the prosperity of the region.
“So we plan to celebrate them in the South West Fast Growth 50, and by sharing their stories I hope we also help other businesses to emulate their success. Being in the South West Fast Growth 50 will be a badge of honour for those who make it.”
The list will be compiled by Professor of Entrepreneurship Dylan Jones-Evans using published financial data from businesses.
As firms with a turnover below £10 million don’t always publish this data and because the accounts filed at Companies House are not always up to date, we want companies which think they may qualify for the list to put themselves forward.
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The criteria is simple. Growth is measured by the increase in turnover from the financial year 2013-14 to 2015-16. Companies must have a minimum turnover of £250,000, be an independent or private business (not a franchise or subsidiary) and be based in the South West to be eligible.
The final list will be published in the Western Morning News and the Western Daily Press and those who make the cut will be invited to an exclusive black-tie celebration at Ashton Gate stadium in Bristol on October 27.
One of the first companies to support the Fast Growth 50 as a sponsor is itself a growing business. Dribuild, which is headquartered in Keynsham, near Bristol, and recently expanded by acquisition into Plymouth, was heralded in a list of high growth companies by the Financial Times.
The construction firm’s managing director Matt Tyler said: “We know the hard work and focus it takes to be a fast-growing business because we are one, and that’s why we’re supporting these awards.
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“We are privileged to work with other growing businesses and we find that as we grow, so does our traditional level of commitment within the Construction Industry. In our sector, we are at the forefront of growth in the South West and aim to do all we can to support it.”
Another early backer of the scheme is Bristol-based IT firm BOM IT Solutions.
To become a Fast Growth 50 sponsor, email [email protected]
To nominate a fast growing business, go online to www.sw fastgrowth50.co.uk. Nominations close on August 25.
Source: Cornwall Live