Profit Track 100

Spotting an opportunity for taxi firms outside London to improve efficiency through technology, Paul Ragan, 51, Nathan Bowles, 42, and the late Joel Hope-Bell set up this business in 2013. It is based in Newport, Wales, and says it serves 25m passengers a year, with more than 3,500 drivers in cities such as Bristol, Cardiff, Birmingham and Leeds. Profits reached £4.9m in 2017, when it also bought southwest-based V Cars, its seventh acquisition.

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Company details
Year2019
Rank58
CompanyVeezu
ActivityTaxi hire provider
LocationNewport
Annual profit growth68.69%
Latest profits £000s*4,900
Latest sales £000s*31,400
Staff306
Founded2013
Websitewww.veezu.co.uk

If applicable:

* supplied by company † annualised figure