Founded by managing director Glenn Elliott in 2006, Asperity Employee Benefits raised £25.5m last December from the private equity firm Inflexion, which took a 60% stake in the company. The London business provides employee benefit schemes to clients that include American Express, ITV and AOL. Their employees can log on to a web portal and select rewards such as retail discounts or childcare vouchers. Asperity makes most of its money from annual fees paid by employers, and also makes a profit on some benefits that are provided to employees, such as cycle-to-work schemes. Sales, which include the value of all benefits, soared 267% a year from £1.7m in 2008 to £81.4m in 2011.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2011
Rank2
CompanyReward Gateway
ActivityEmployee engagement technology provider
LocationCentral London
Average 3 year sales growth266.52%
Latest sales £000s*81,374
Staff79
Founded2006
Websitewww.rewardgateway.com

If applicable:

* supplied by company † annualised figure