David Buttress judges Profit Track Ones to Watch

12th March 2019

David Buttress, co-founder & former CEO of Just Eat, angel investor and partner at 83North VC, chaired the judges for our Profit Track Ones to Watch, and explains why companies should consider taking part.

 

 

What is Profit Track Ones to Watch?

Profit Track Ones to Watch represents the best of the rest of the companies whose profit growth falls just short of the main Profit Track 100 league table, but who have shown good profit growth in the past and are set to grow rapidly in the future.

All shortlisted companies are visited by the Fast Track research team with a representative from our sponsor BDO, and assessed for inclusion.

Past stars include Dr Martens, which featured in 2011 with profits of £8.6m and now has profits of £42m, Moonpig, which appeared in 2010 with profits of £6.8m and was acquired in 2011 for £120m; and Team 17, which featured in 2017 with profits of £5.2m, and floated on AIM in 2018, valued at £217m.

Last year’s winner was Recycling Lives, which featured with profits of £4.7m and subsequently sold a minority stake to Three Hills Capital for £50m, valuing the company at c£250m – all 10 finalists can be seen here.

 

 

The judges in 2019

David is an entrepreneur and angel investor who launched the online takeaway ordering service Just Eat in the UK in 2006. It featured on our Tech Track 100 in 2011 with sales of just £18.8m; and David led the business from 2013 to 2017, overseeing several major UK and international acquisitions, such as Hungryhouse in the UK, and its £1.5bn IPO in 2014. Just Eat is now valued at c£5.3bn

David stepped down from the board in 2018. He is a partner at VC firm 83North, which invested in Swedish financial technology firm iZettle, sold to PayPal in 2018 for $2.2bn. He is also an angel investor in start-ups through his family investment office, and his investments include homecare services firm Cera, which raised $17m in a series A round in 2018.

He explains his main criteria for investment here.

 

 

David was joined by Hamish Stevenson, founder and chief executive of Fast Track, and Stuart Lisle, a senior tax partner and a member of BDO’s National Tax Executive Board, responsible for the strategy of the tax practice nationally. Stuart has judged Profit Track Ones to Watch for all six years of BDO’s title sponsorship of the league table.

 

 

Next steps

This year’s 10 finalists will be revealed with the 20th annual Profit Track 100 league table supplement, published with The Sunday Times on 7 April.

A winner and three runners-up will be recognised at the Profit Track 100 annual awards dinner in London on 11 June, with the winner presented with a special award from David.

For opportunities to meet and build relationships with the founders and key directors of these leading companies, contact us about becoming an award sponsor for Profit Track 100.

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