and Corporate Banking Services are pleased to announce the winners of the Deloitte & Touche Technology Fast 50.
Deloitte & Touche Technology Fast 50 winners
They represent the fastest-growing businesses in the region and will be ranked in order and announced at the Awards Ceremony in October.
Currently, UK technology companies - from biotechnology through to telecommunications, IT hardware and software - account for just over five per cent of VAT registered businesses in the UK. However, the UK technology sector is currently experiencing a rise - growing, on average, at over 25 per cent per annum since 1996, well above the UK economy's current national growth rate.
'We're a nation of innovators and inventors - we have been from the Industrial Revolution through to the present day - but sometimes we just don't shout about it enough,' said Richard Knights, lead partner for the Eastern region Fast 50 programme. 'It is time to champion the cause of the UK technology industry which, contrary to the doom and gloom written about the UK economy, it is in fact growing - and growing faster that the rest of the economy.
'The Technology Fast 50 programme is a chance for the most successful technology companies in the Eastern region to stand up and gain recognition for their financial success and contribution to the local economy,' continued Richard.
The 1998 Eastern Region Fast 50 winners in alphabetical order are as follows. Winners will be ranked in order and announced at the awards ceremony in October.
Adder Technology Limites
Anglia Telecommunications (Peterborough)Limited
Antec International Limited
Applied Medical Technology Group
ARM Holding Limited
Cambridge Advanced Electronics plc
Cambridge Pharma Consultancy Limited
Cantab Pharmaceuticals plc
Cellbond Composites Limited
Celsis International plc
Data Racks (Stagwood Industries Ltd)
DB Broadcast Engineering
Delta Design Systems Limited
Deltron Electronics plc
Diomed Developments Limited
Domino Printing Sciences plc
E.D. White & Co Ltd
East Anglian Computer Systems Limited
Eclipse Electronics Ltd
Ferraris Group plc
Foundation Systems Limited
Foundation Technology Ltd
Ives & Company Limited
Life Sciences Resources Limited
Maritime Cargo Processing PLC
Medical Marketing International Group PLC
Modular Technology PLC
MRP Electronics PLC
New World Payphones Holdings Limited
Newport Technology Group Limited
Pericom Software PLC
PI Group Ltd
Pixel Power Limited
Prosol Electronics Limited
Psion Dacom PLC
Red Rock Technologies Ltd
Shearline Precision Engineering Limited
Soft Option Technologies Limited
TTP Group plc
Waymade Healthcare PLC
The awards ceremony at the American War Museum, Duxford on Thursday 22 October 1998 will be a celebration of the Eastern Region's contribution to technology and the Fast 50 will be profiled during the evening and an award will be presented.
About the Deloitte & Touche Technology Fast 50 Programme
The programme consists of a series of regional programmes covering the Eastern Region, London & South East, Midlands, South West, the North and Scotland. Each region will host an awards ceremony to honour the 50 fastest growing technology companies in that area. Following the regional programmes Deloitte & Touche will publish a national ranking of the UK's Technology Fast 50 companies. A report on the award winners, with analysis of the critical factors for success in this industry, will be launched at a national press event to be held in London in April 1999.
Criteria for Entry
The criteria for entry are based on financial performance and revenue growth and companies will be ranked on percentage growth in turnover over three years from 1995 to 1997.
The programme is open to UK technology companies defined as:
manufacturing technology-related products
technologically intensive or using unique technology in problem-solving
devoting a high percentage of effort to research and development of technology
Entrants must have been in business for a minimum of three years and the parent company must be UK owned and headquartered in the Eastern region.
The Deloitte Cambridge office comprises 8 Partners and over 250 staff who deliver a full range of professional services to the East Anglian region. As well as focussing on the life sciences and technology sectors for which the region has become so renowned, the office has long standing specialisms in other sectors including the professions, consumer business, food and agribusiness.