TouchLocal sells internet advertising services to businesses such as AOL and Ask.com. The London company offers free listings, but customers can pay an annual subscription for priority spaces. It recently added video advertising to its website, allowing companies to demonstrate their products and services. TouchLocal was founded in 1994 and is run by chief executive Mark Livingstone, who joined in 2006, having previously co-founded Lovefilm.com (No 51 in this league table). Balderton Capital invested £7m of growth capital in 2006. Sales grew 63% a year from £2.3m in 2006 to £9.7m in 2009, when the company made a significant loss.
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