Virgin Media Business and Fast Track have sought to identify 10 of the most disruptive private British companies. The 10 companies, drawn from over 200 identified initially, were selected from a shortlist of 14 following three pitching workshops in November by judges from Virgin Media Business, Fast Track and founders of last year’s inaugural ‘Disruptor 10’ companies. The 10 companies are recognised for having a business model, product or service on the cusp of creating a new market, or transforming existing markets.
The inaugural Virgin Media Business Disruptor 10 companies featured in the 2016 Fast Track 100 supplement in The Sunday Times.
Their directors were invited to the national awards dinner in May 2017 where each company received a certificate.
The 2016 winner was Blockchain, the bitcoin wallet provider. Its co-founder, Nicolas Cary, was presented with an award by Peter Kelly, Managing Director of Virgin Media Business.
|AgriProteinInsect-based animal feeds||Supported by eight years of research and development, and more than $18m in funding, it says its insect-based animal feeds provide a more sustainable, cost-effective alternative to the current over-reliance on products such as fishmeal|
|babylonMobile healthcare app||Aims to make healthcare more accessible through its AI-driven app, which allows users including NHS patients in London – to check symptoms and consult GPs; raised $60m in April, putting its value at about $200m|
|Cambridge Medical RoboticsSurgical robotics developer||Is launching low-cost, portable surgical robots to replace expensive and large machines used by hospitals, and estimates it will make keyhole surgery more accessible to 7m patients a year — it has raised $46m|
|GrowUp Urban FarmsSustainable agriculture developer||Plans to make food supply chains more sustainable with salad crops grown in water enriched by waste from fish farmed on site. It has developed a prototype farm capable of supplying 20 tons of greens and 4 tons of fish a year|
|Ieso Digital HealthOnline mental health therapy||Aims to change how therapy for common mental health conditions is delivered; expects to cut treatment times and costs for 20,000 NHS patients by the end of 2017 through its online therapy rooms. It has raised £18m|
|MonzoMobile banking app||Aims to help 1bn people better manage their finances with its app-only current account; raised £71m in November, gaining a valuation of £280m, and is planning one of the UK’s largest crowdfunding campaigns next year|
|Social ChainSocial media agency||Its digital publishing model is changing how brands engage with people on social media, by selling advertising across its portfolio of 400 online communities to 386m viewers. The average age of its 105 employees is 22|
|TRXTelevision rights marketplace||Its online marketplace for television rights aims to capture more than 20% of a largely offline $5bn market, with distributors such as BBC Worldwide signing up to sell content to more than 500 buyers; it has raised £10.8m|
|what3wordsGeographic location platform developer||Aims to provide a more precise alternative to numerical postcodes for industries such as logistics by dividing the world into 57 trillion three-metre squares, each assigned a three-word code; has raised £15m|
|ZegoPay-as-you-go insurance||Its pay-as-you-go insurance for gig economy workers at the likes of Deliveroo is an alternative to annual cover. It has insured drivers for 1.4m hours since August 2016, and raised £6m last month to launch overseas|
I’m really proud to be recognised with all these other incredible entrepreneurs Nicolas Cary, co-founder & president, Blockchain
To run a disruptive business you’ve got to be prepared to be resilient. The whole nature of disruption is that you are changing people's lives Humphrey Cobbold, CEO, PureGym
The Fast Track Ones to Watch 10 represents the best of the rest of the companies whose sales growth falls just short of the main league table, but who are set to grow rapidly in the future. All shortlisted companies are visited by the Fast Track research team and assessed for inclusion.
The top ten companies are featured in the supplement in The Sunday Times and are invited to the national awards dinner.
They receive a certificate, and one national winner, selected by a judging panel, is announced on the night and presented with an award.
This year’s winner was Olivia Burton, the watch and jewellery maker.
|Company||HQ location||Year end||Sales £000s||Staff||Founded||Comment|
|Chi Chi LondonOnline fashion retailer||Central London||Feb-16||*8,091||38||2008||This online fashion label has tripled sales to £8.1m in three years, and plans to expand in the US next year|
|Direct Online ServicesOnline furniture retailer||Gloucestershire||Dec-15||18,173||141||2008||Started on eBay in 2008. Is forecasting £22m sales in 2016 after securing £3m from BGF to drive growth|
|FrugiChildren's clothing retailer||Cornwall||May-16||*6,685||70||2004||Exports organic clothing for children to 40 countries. Sales have doubled in three years to £6.7m this year|
|MEATliquorBurger restaurant operator||Central London||Jun-16||*11,000||283||2011||Has gone from one burger van to 10 restaurants, with sales forecast to rise 55% to £17m in 2017|
|Olivia BurtonWatch and jewellery maker||Northeast London||Mar-16||*9,202||13||2012||In 2016 this brand, sold in Harvey Nichols among others, launched in 27 countries and increased sales 154% to £9.2m|
|Pots & Co.Dessert manufacturer||West London||Dec-15||2,716||18||2012||Its luxury puddings are stocked by Waitrose and Selfridges and are available on airlines. Is forecasting £6.5m sales in 2016|
|PropercornSnack maker||Northeast London||Dec-15||*9,500||28||2011||Has raised £7m from Piper Private Equity and the Innocent Drinks founders. Sales forecast to rise 37% to £13m this year|
|Rude HealthHealthy food producer||Southwest London||Mar-16||*8,800||25||2005||This health food brand has doubled sales every two years since 2011, and forecasts £12.5m sales next year|
|The Coaching Inn GroupInns operator||Lincolnshire||Mar-16||*13,000||450||1996||Has grown from six to 12 inns since BGF invested £4.5m in 2015 and plans to double its estate in five years|
|Union Hand-Roasted CoffeeCoffee producer||North London||Aug-16||*11,300||71||2001||Sells ethically sourced coffee online, to top restaurants and via Waitrose. Plans to double in size in three years|
* supplied by company † annualised figure
Sitting next to Sir Richard Branson at dinner and bouncing around ideas is something I’d never have imagined I’d be doing! Lesa Bennett, Olivia Burton
Being named ‘one to watch’ is a great achievement and recognises the hard work of our entire team who have contributed to our significant growth Mike Loggie, Saltire Energy
It is a great honour and privilege to have been selected for the Fast Track Ones to Watch Robert Jakobi, Metcalfe’s Food Company
The first people we shared the news with were the staff. We are delighted that we have been recognised in this way Mike Forrester, Orchard Valley Foods