New data from SyndicateRoom reveals the UK's fastest-growing companies

Seven Cambridge-based businesses are among the UK's fastest-growing companies, according to SyndicateRoom’s Top 100 report, which used a unique method to rank the UK’s top private companies by analysing their valuations over time. Green energy supplier Bulb tops the league table for the second year running, having multiplied its valuation by 318x since 2016. 

Britain's fastest-growing businesses 2019 report from SyndicateRoom - banner

SyndicateRoom, the Cambridge-based investment platform, today announced the launch of a new report entitled “Top 100: Britain’s Fastest-Growing Businesses”

The report is available for free download from SyndicateRoom's website.

Now in its third year, the study features a league table of private UK companies that have increased in value the most since 2016. SyndicateRoom commissioned new data from independent research firm Beauhurst for the report.
2019’s fastest-growing company is Bulb - the single-tariff energy supplier whose electricity comes from 100% renewable sources. Topping the list for the second year running, Bulb have increased their valuation by a whopping multiple of 318x since 2016.

Fintech challengers Revolut and Nutmeg secured the second and third place positions, having grown their valuations by 239x and 135x respectively.

This year's list features seven companies based in Cambridge: CMR Surgical, Darktrace, Healx, Audio Analytic, Cambridge Quantum Computing, Cydar, and PragmatIC Printing.

The report uncovered an emerging trend: the number of fast-growing companies founded by women has doubled since 2017, rising from 7 to 14.

The research also indicated that London saw a decline as the home of fast-growing startups in 2019. 60 of the Top 100 companies in this year’s report are based in the capital, compared with 71 just three years prior.

Graham Schwikkard, CEO at at SyndicateRoom commented: “The nation’s most promising scale-ups are moving out of London - and fast. In 2017, the capital contained 71 of the Top 100 companies. This year it’s just 60. While Hackney’s infamous Silicon Roundabout was once the epicentre of startup activity and VC deals - that hotbed has moved to Silicon Fen: Cambridge. Whereas Hackney is home to 10 of the nation’s fastest growing companies, an impressive 11 Top 100 companies have now sprouted within the borders of the university city."

Hayden Wood, Co-founder & CEO of Bulb said: “We started Bulb because we wanted to help as many people as possible make the switch to green energy. So it's brilliant to be named the fastest-growing private company in the UK for the second year running – today we're helping over 1.5 million members to save on their bills and cut carbon emissions.

"We think this represents people voting with their feet for greener, cheaper energy, and look forward to continuing to work with our members to change how we produce and use energy in the UK." 

Henry Whorwood, Head of Research & Consultancy at Beauhurst added: "This research we’ve carried out for SyndicateRoom identifies a uniquely exciting cohort. These are businesses that have raised multiple rounds of investment and at increasing valuations: these businesses are achieving their ambitions to an extent that their investors are willing to pay a lot more for a stake in them. Not all of these companies will survive, but those that do are inventing the products and services of tomorrow.”

The report is available for free download from SyndicateRoom's website.

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