Fast Track update

10th April 2021

FAST TRACK’S FINAL LEAGUE TABLE AND CLOSURE IN JUNE

Reasons for company closure in June

This weekend’s Profit Track 100 is the final league table to be published by Fast Track.

Founder Hamish Stevenson has decided to close the company at the end of June after hosting its final virtual events; including the annual flagship Fast Track 100 awards, which is where it all began and which Sir Richard Branson has kindly supported for a remarkable 24 years.

The pandemic has resulted in too much uncertainty over some future sponsorship and marketing budgets. Fast Track requires economies of scale to properly produce the research and events for all six of its annual private company rankings, from the fastest-growing to the biggest.

 

Richard Branson (right) in 1997 with Roger Keenan (centre) of Eyretel, the first Fast Track 100 no.1 company, and Fast Track’s founder Hamish Stevenson

 

Fast Track stats and alumni companies

Over the past 24 years Fast Track has featured rising stars such as ARM, Ocado, Fever-Tree and THG, and almost all the UK’s unicorns ranging from BrewDog and Cazoo to Revolut. Their founders have attended and shared their stories at Fast Track’s events, with other keynote speakers including Prime Minister Boris Johnson, David Cameron and Gordon Brown.

 

Britain’s Prime Ministers and leading politicians speaking at Fast Track events over the years

 

Fast Track has published 127 league tables featuring 5,800 companies, and has hosted over 500 events attended by 18,000 entrepreneurs and directors.

Some 540 founders and shareholders of Fast Track alumni companies featured on the last Sunday Times Rich List with a combined wealth of £340bn, including Sir James Dyson, Sir Jim Ratcliffe of INEOS, Denise Coates CBE of Bet365 and Tim Steiner OBE of Ocado; and 33 alumni made the Sunday Times Tax List of the UK’s 50 biggest tax payers. Many have also attended and spoken at Fast Track’s events; entrepreneurs on the Fast Track 100 generously donated over £3m to the Virgin Unite charity auctions.

 

Fast Track alumni: Sir Jim Ratcliffe, Denise Coates CBE, Sir James Dyson and Tim Steiner OBE have all featured on Fast Track’s league tables

 

Fast Track sponsors and staff

Fast Track has enjoyed the support of key sponsors who have contributed to and benefited from meeting the UK’s top private companies. The following sponsors have supported Fast Track’s league tables for 15 years or more: Virgin, PwC, Lloyds Bank, UBS Wealth Management, HSBC and BDO.

Many staff and freelancers have contributed over the years. The following deserve recognition for their important contribution and 10 to 20+ years’ service: director of events, Lucy Stock and director of editorial, Richard Tyler; heads of research, Eva Gronbech and Ying Chen; and EAs Faye Preston-Smith and Tabitha Marriage.

 

Thanks from the founder

Hamish, who also holds an associate fellowship at Oxford University, would like to thank everyone for their support:

“It has been a tough decision, but I think the right one, to end on a positive note.

I want to thank everyone for helping create the Fast Track network of Britain’s top-performing private companies over the past 24 years. In particular, Sir Richard Branson, our media partner The Sunday Times and seven business editors, our long-term sponsors and staff, and all the great companies.

It has been a privilege tracking their success and getting to know so many impressive entrepreneurs and directors through hosting over 500 events.

I look forward to getting involved in new challenges that I feel equally passionate about, ideally on a part-time basis.”

 

Remaining Fast Track events

Fast Track is organising and co-hosting with our sponsors the following final four invitation-only virtual events:

  • Top Track 250 directors’ virtual alumni event, 20th April
  • International Track 200 virtual national awards event, 28th April
  • Fast Track 100 virtual national awards event, 19th May
  • Profit Track 100 virtual national awards event, 15th June

 

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