Revolut, Zencargo, iPlato, Endomag, Oxford Nanopore Technologies, ContactEngine and ComplyAdvantage picked up special awards at our 19th annual Sunday Times Hiscox Tech Track 100 awards in London last night.
Artificial intelligence, sustainability, and robotics were all on the agenda as the founders and senior directors of the UK’s 100 technology companies with the fastest-growing sales networked at our Sunday Times Hiscox Tech Track 100 awards dinner, co-hosted by our sponsors and by Fast Track’s founder and CEO, Hamish Stevenson.
Prime Minister Boris Johnson told guests via video link: “I’m incredibly proud that Britain is at the head of this great scientific and technological revolution – I’d like to congratulate everyone at tonight’s dinner.”
All 100 companies received an award certificate to recognise their success. The league table ranks independent private tech companies by their sales growth over their latest three years. The 100 companies generated combined annual sales of £3.4bn in their latest year, up by a record average of 105% per year in the past three years. They employ more than 18,200 staff, a rise of 13,200 over the same period.
Over 300 guests attended the dinner including founders and senior directors from leading tech companies such as Checkout.com, Darktrace, Gousto, Oxford Nanopore Technologies, Revolut and The Access Group.
Guests were welcomed by Ross Dingwall, managing director, broker channel at title sponsor Hiscox, who said: “The UK technology sector is thriving… there’s not much that can get in the way of a technology entrepreneur with a good idea and a talented team to execute it.”
Q&A with Stephen Fitzpatrick, founder and CEO of OVO
Before dinner, guests heard from Stephen Fitzpatrick, founder and CEO of OVO, the energy technology company that featured on Fast Track’s Ones to Watch in 2013 and now has sales of over £1bn. Set up in 2009, it was valued at £1bn in February when Mitsubishi Corporation acquired a 20% stake. He was interviewed by Peter Evans, enterprise editor of The Sunday Times.
Stephen spoke about his vision of providing clean, affordable energy; founding electric aircraft company Vertical Aerospace; and the early days of building OVO. “People know how to scale businesses to a certain point, but then to break through you’ve still got to have a touch of magic, a lot of hard work, and a lot of very talented people,” he said.
Speech by Tim Steiner, co-founder and CEO of Ocado
After dinner, guests heard from Tim Steiner, co-founder and CEO of Ocado, the online grocery retailer he started in 2000, floated in 2010 at a valuation of £937m, and which is now valued at £9.3bn. Ocado featured on Tech Track 100 in 2006 and 2007.
Tim highlighted the role of robotics in driving Ocado’s success in the UK and overseas, and told guests: “We set out to be the best we could be in our field, and I’ve always enjoyed running a business that I wanted to be a customer of.”
Recognising the achievements of all these companies is made possible by support from our title sponsor Hiscox, and our main sponsors Barclays, BDO, BGF and N+1 Singer.
More information on the league table
The 2020 Sunday Times Tech Track 100 will be published next year on 6 September, with an awards dinner on 3 November.
For company nominations please enter your details here
For opportunities to meet and build relationships with the founders and directors of these fast-growing tech companies, see sponsorship opportunities for Tech Track 100