Profit Track 100

Seeing an opportunity for taxi firms outside London to improve efficiency through technology, chief executive Nathan Bowles, 43, Paul Ragan, 52, and the late Joel Hope-Bell set up this business in 2013. It is based in Newport, Wales, and says it serves 25 million passengers a year, with more than 4,650 driver partners in cities such as Bristol, Cardiff and Birmingham. Profits hit £4.9m in 2018 and the company has recently acquired a string of taxi firms, including Premier Cars in Leeds last month. It has also introduced measures in response to Covid-19, including a 20% discount for frontline NHS staff.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2020
Rank30
CompanyVeezu
ActivityTaxi hire provider
LocationNewport
Annual profit growth68.81%
Latest profits £000s4,911
Latest sales £000s31,338
Staff316
Founded2013
Websitewww.veezu.co.uk

If applicable:

* supplied by company † annualised figure