Spotting an opportunity for taxi firms outside London to operate more efficiently through better use of technology, Paul Ragan, 50, Nathan Bowles, 41, and chief executive Joel Hope-Bell, 44, set up this business in 2013. The Newport-based group says it serves 25m passengers a year and has 3,500 drivers in places such as Birmingham and Leeds. Sales, which are made up of fees charged to drivers, reached £20.3m in 2016. It expanded into southwest England in September when it bought V Cars, its seventh acquisition.

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Company details
Year2017
Rank4
CompanyVeezu
ActivityTaxi hire provider
LocationNewport
Annual sales rise over 3 years157.03%
Latest sales £000s20,295
Staff223
Founded2013
Websitewww.veezu.co.uk

If applicable:

* supplied by company † annualised figure