Deloitte launches Technology Fast 50 Awards: call for entries


15-09-2005

Deloitte, the business advisory firm, has launched this year's Technology Fast 50 Awards, an independent ranking and celebration of the UK's fastest-growing technology companies.

The awards are run regionally throughout the UK and the Eastern Region's Fast 50 will culminate in an awards ceremony at the end of November 2005.



The programme, in its eighth year, showcases technology companies that have achieved high revenue growth over a five year period. The ranking features both private and public listed technology companies that have demonstrated innovative strategies, sound management practices and marketplace vision driving them to achieve the status of high-growth leaders. Details of how to enter the award can be found at www.fast50.co.uk.



In addition, companies with three years' worth of turnover growth can enter Deloitte's Rising Stars competition, for those younger companies who are going places fast.



The awards programme is sponsored locally by law firm, Mills & Reeve, technology team builders, Bailey Fisher and property consultants, Lambert Smith Hampton.



Mills & Reeve are sponsoring a Sustainable Growth category which provides the opportunity for established regional technology companies who have grown steadily and significantly to show their achievements. There is also an Entrepreneur Award, sponsored by Bailey Fisher and the organisation this entrepreneur represents, should demonstrate a shining example of good management in all areas.



'As shown in a report launched in July by Deloitte, the UK has the potential to become one the world's leading technology nations, but faces stiff international competition. The Fast 50 will reveal which businesses are making the most of what is currently a relatively advantageous position for British technology companies, in terms of the UK's strong science base, good innovations, strong economy and financial markets,' comments David Halstead, Partner in charge of the Fast 50 programme for the Eastern region.



'The Technology Fast 50 awards are an opportunity for businesses to gain recognition for their successes and achievements over the previous 12 months.



'Our research showed that while the UK is generally adept at developing world-class experts on technology related subjects, there is a lack of commercial application and development of these ideas. The results of the Fast 50 ranking will provide a real insight into those companies that have the aptitude to turn these ideas into commercial success stories.'



Commenting on their involvement, Tom Pickthorn, Corporate Finance Partner at Mills & Reeve, said, 'We are delighted to be co-sponsors of the Eastern Region awards again this year. The Fast 50 is a tremendous platform for companies across the region to celebrate their growth, development and success.



In addition, we are particularly pleased to be supporting the Sustainable Growth award. As the leading law firm in the region, we have worked with many of the contenders for this award and understand the hard work, commitment and dedication which underpins their success. This is a great opportunity to recognise their achievements.'



Paul Bailey, Director of Bailey Fisher commented, 'Bailey Fisher is pleased to be involved with the Fast 50 again this year. This is our sixth year of sponsorship and we are proud to offer our continued support to the technology programme. The economy has experienced varied market conditions and we are pleased to have seen so many Eastern region companies start-up, grow and prosper during the six years of our involvement.



'This year the Bailey Fisher award will be an Entreprenuer Award to recognize an outstanding entrepreneur among the many exciting growth companies in the region'.



Ian Kibble of Lambert Smith Hampton comments, 'Lambert Smith Hampton is thrilled to again be one of the co-sponsors of the technology Fast 50 awards. As a leading firm of UK-based commercial property consultants we understand the importance of property issues to all companies and those that are growing at an incredibly rate.



'With extensive property knowledge and hands-on local, regional and national experience, Lambert Smith Hampton can implement a broad array of solutions to help companies meet their property requirements.'



For further information and details of how to enter, visit http://www.fast50.co.uk



About the Deloitte Technology Fast 50 Programme

The programme consists of a series of regional programmes covering Cambridge, the North & Midlands, London/ South East/ South West, Scotland and Ireland. Each region will host an awards ceremony to honour the 50 fastest growing technology companies in their areas in October and November. Following the regional programmes, Deloitte will publish a national ranking of the UK's Technology Fast 50 companies.



Eligibility criteria for the Technology Fast 50:

  • In business for a minimum of 5 years

  • Entries must be considered a technology company, defined as:

    - producing technology

    - manufacturing technology-related products

    - technologically intensive or uses unique technology in problem-solving

    - devoting a high percentage of effort to research and development of technology

  • The parent company must be UK owned and headquartered in a participating region (subsidiaries or divisions do not qualify)

  • Turnover must be over Euro 50,000 in 2000.



    Eligibility criteria for the Rising Star award:

  • In business for a minimum of three years but no more than five

  • Entrants must have turnover of over Euros 30,000 in 2000



    Eligibility criteria for the Sustained Contribution award:

  • Companies should have been in business for more than 10 years and have shown year on year growth

  • Entrants should demonstrate that they have grown in recent years through innovation in their approach, their products or their methods.

  • Companies should be involved with the development of new products, the winning of new markets or increased employment.



    Eligibility criteria for the Entrepreneur award:

  • A special award for the Fast 50 entrant judged to be the region's Technology Entrepreneur of the Year.

  • The organization this entrepreneur represents should be a shining example of good management in all areas.



    The Technology Fast 50 programme was originally started in San Jose, the centre of Silicon Valley, California in 1995 and has expanded across the globe. Both the regional Technology Fast 50 and the national Technology Fast 500 were created to recognise the outstanding contribution of fast growing technology companies to the economy.







    About Deloitte

    In this press release references to Deloitte are references to Deloitte & Touche LLP.



    Deloitte & Touche LLP is the UK's fastest growing major professional services firm based in 21 UK locations, with over 10,000 staff nationwide and fee income of 1,246 million in 2003/2004. It is a member firm of Deloitte Touche Tohmatsu, a leading professional services organisation, delivering world class audit, tax, consulting and corporate finance services, with around 120,000 people in over 140 countries. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity.



    Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority.



    The information contained in this press release is correct at the time of going to press.



    For further information, visit our website at www.deloitte.co.uk
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    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.

    Deloitte LLP