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.
Ten Virgin Media Business Disruptors to Watch companies featured in the 2017 Fast Track 100 supplement in The Sunday Times.
Their directors attended the national awards dinner in May 2018 where each company received a certificate.
The 2017 winner was Babylon Health, the mobile health care app. Its founder, Ali Parsa, and Gary Mudie, its chief technology officer, were 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|
|Babylon HealthMobile 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|
|CMR SurgicalSurgical 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 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 Pip & Nut, the nut butter brand.
|Company||HQ location||Year end||Sales £000s||Staff||Founded||Comment|
|CornerstoneShaving subscription service||Central London||Dec 16||*4,039||15||2014||Launched in 2014 by a 25-year-old serial entrepreneur, this shaving subscription service has raised £8m. Sales rose sixfold to £4m in 2016 and are forecast to double in 2017|
|Filmore & UnionHealth food restaurant chain||West Yorkshire||Mar 17||*3,989||195||2012||Serves healthy food at 14 eateries in the north of England. A £3.5m investment from BGF will finance new store openings in northern England and the Midlands next year|
|Green Sheep GroupBaby products manufacturer||Stratford-upon-Avon||Sep 17||*5,177||25||2006||Sells its high-end baby products online and in retailers such as John Lewis, and has tripled sales in three years to £5.2m in 2017. It plans to launch new products and expand exports|
|In The StyleOnline fashion retailer||Salford||Mar 17||*9,218||80||2013||Set up in 2013 from the founder’s bedroom, this online retailer had sales of £9.2m in 2017. It raised private equity funding from Livingbridge in April to expand at home and abroad|
|ISO SpacesModular buildings designer||Truro||Sep 17||*2,500||23||2013||Converts shipping containers into pop-up bars and portable stages for clients such as Tesco and Nissan. Demand for social housing is expected to increase production by 400% in 2018|
|One Retail GroupConsumer products supplier||Northwest London||Dec 16||†*5,915||4||2013||Set up in 2013 by a 24-year-old, this firm owns six consumer brands, sold in seven countries. It forecasts £15m sales in 2017, and plans to expand into high-street stores and China|
|Pip & NutNut butter brand||Central London||Dec 16||*3,100||6||2015||Sells natural nut butters and milks online and in 4,000 stores, including Sainsbury’s. Is expanding overseas and launched in 900 supermarkets in Holland in September|
|Pizza PilgrimsPizzeria operator||Central London||Jun 17||*5,985||200||2012||Inspired by their Italian travels, two brothers set up this pizza business in 2012 and have gone from a market stall to eight restaurants, with sales forecast to hit £9m in 2018|
|Tile MountainOnline tile retailer||Stoke-on-Trent||Dec 16||*8,800||31||2013||Set up in 2013 by former Topps Tiles executives, this online retailer doubled sales in two years to £8.8m in 2016. It opened a £10m facility in May and this year forecasts £11m sales|
|WattbikeStatic bike manufacturer||Nottingham||Sep 17||*11,500||46||2000||Its hi-tech indoor bikes are used by elite athletes such as Jessica Ennis-Hill and the England rugby team. It exports to 50 countries and recently launched a bike for home gyms|
* 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