Arif Ahmad, Partner and North Head of Private Business at PwC, explains why the professional services firm has chosen to become the title sponsor of our Top Track 250. Alumni range from Dyson and Euro Garages, which have become billion-pound private businesses, to Ocado and IHS Markit, which are now worth tens of billions on the stock market.
We are delighted to announce that PwC has returned as title sponsor of our Top Track 250 awards programme, joining our main sponsor Lloyds Bank, and awards sponsor Trowers & Hamlins.
Speaking ahead of the publication of our 16th annual Sunday Times PwC Top Track 250 publication on 27th September, Arif Ahmad, Partner and North Head of Private Business at PwC, explained that PwC helps organisations and individuals create value, delivering quality in assurance, tax and advisory services; and that the firm works with more than 16,000 private companies across the country, helping them achieve their potential. He added:
“We are very proud to sponsor Top Track 250. At PwC, we love working with family and privately-owned businesses and, this year more than ever, we are excited to talk to these dynamic companies about the steps they’re taking to ensure continued prosperity in these uncertain times.”
Pictured: Arif Ahmad of PwC
Background to PwC’s longstanding sponsorship
PwC has been a supporter of Fast Track’s top-performing private company league table and events programmes for 20 years, such is its commitment to the specific needs of family and privately-owned companies.
PwC sponsored our flagship Fast Track 100 league table for 11 years, from its inauguration in 1997 to 2007; Tech Track 100 for seven years from 2001 to 2007; and Profit Track 100 for 14 years from 2000 to 2013.
It was previously main sponsor of Top Track 250 in 2008 and 2009, and was also a main sponsor of our Top Track 100 league table, ranking the UK’s biggest private companies for three years from 2017 to 2019.
About Top Track 250
Our annual Top Track 250 ranks the UK’s leading mid-market private companies with the biggest sales, typically between £120m and £700m (with a minimum 5% growth in either sales or profit), representing the tier below our Top Track 100. It is compiled by Fast Track and published in The Sunday Times in September, with an awards dinner in November, and alumni dinners during the year.
PwC is title sponsor for a third year, while Lloyds Bank have been main sponsors for five years, and Trowers & Hamlins have been award sponsors for four years.
Alumni success stories
Top Track 250 alumni success stories include online grocer Ocado, which first featured in 2006 with sales of £143m, floated in 2010, and is now worth £15.4bn; financial information provider IHS Markit, which debuted in 2010 with sales of £305m, floated and merged and is now worth $28.8bn; B&M Retail, which first featured in 2010 with sales of £256m, floated and is now worth £3.9bn; and Dyson, which first featured in 2005 with sales of just £277m and, in 2018, reported sales of £4.4bn with ebitda profits of £1bn.
Pictured: Sir James Dyson – the UK’s wealthiest individual and Top Track 250 alumnus
The No 1 company in 2019 was Holland & Barrett, the health foods and supplements retailer. It achieved sales growth of 6% to £697.3m in 2018, with profits of £110.7m. Its owner – the investment fund L1 Retail – has outlined a 10-year strategy to triple sales to £2bn.
For opportunities to meet and build relationships with the founders and key directors of these leading mid-market private companies, contact us about becoming a sponsor of Top Track 250.
For sponsorship opportunities on our other six top-performing private company programmes please see here https://www.fasttrack.co.uk/sponsorship/