Tripledot Studios tops the 2022 Deloitte tech Fast 50 ranking

Deloitte has announced the winners of the 2022 UK Technology Fast 50 awards, which are sponsored by BGF, Multiverse and Oracle NetSuite.

The awards recognise and rank the 50 fastest-growing technology companies in the UK, based on average revenue growth over a three-year period.

This year’s cohort of Fast 50 businesses have a collective average growth rate of 4,568% and total revenues in 2021/22 of £992 million, employing 16,300 people in the UK.

Tripledot Studios crowned 2022 Fast 50 winner

Mobile games company Tripledot Studios is the overall winner of the 2022 UK Technology Fast 50 awards, having achieved an average three-year growth rate of 69,387% to the year 2020/21, the third largest average growth rate in the 25-year history of the awards.

In second place is Wonde, the South East-based platform that provides tools to manage school data, with a growth rate of 31,762%. Research and development service provider, Nonacus Ltd, ranks third place with an overall revenue growth rate of 28,211%.

Each of this year’s top three companies come from a different sector: media and entertainment, software, and healthcare. Software remains the leading sector, accounting for 54% of all winners.

Duncan Down, lead partner for the Deloitte UK Technology Fast 50 programme, commented: “The exceptional growth of this year’s Fast 50 is a marker of the ongoing strength and resilience of the UK’s technology industry. This year’s cohort represent the very best of the technology industry, with combined revenues of £992 million and average revenue growth of 4,568%. I’d like to extend my personal congratulations to all of this year’s Fast 50 winners.”

Regional businesses shine

London remains the home of the majority of the UK’s fastest growing technology start-ups, with 62% of this year’s Fast 50 headquartered in the capital. However, this year’s rankings see an increase in regional wins.

Standout performances across the regions include Wonde, a platform that provides tools to manage school data, which jumps three places in this year’s rankings and are one of six ranked companies from the South East (second place overall, three-year growth rate of 31,762%, South East winner).

The Midlands occupies two places in the top five this year, with Nonacus Ltd, a research and development provider for the biotechnology industry (third overall with a three-year growth rate of 28,211%, Midlands winner) and Onto, car rental and electric vehicle subscription company (fourth place with a three-year growth rate of 9,467%).

North East based iamproperty, online auctioneer for end-to-end moving services, is another regional winner in the top ten (seventh overall, three-year growth rate of 5,068%). Amiqus, a FinTech company designing and developing software for financial security, is one of three ranked from Scotland (20^th overall, three-year growth rate of 1,865%, Scotland winner). Meanwhile, the South West and Wales also tally six rankings, including OnBuy.com, an online marketplace platform (11^th overall, three year growth rate of 3402%, South West and Wales winner).

Female tech leaders acknowledged with new award

This year’s Fast 50 included the launch of a new award category, Women in Leadership, that recognises those companies within the Deloitte UK Technology Fast 50 that are either led by a female CEO or have a founding team comprised of at least 50% women.

The inaugural winner of the Women in Leadership award is South East based OKRA.ai, the AI analytics for healthcare company (ninth place overall, three-year growth rate of 4,227%). Leading femtech brand and BGF portfolio company, Elvie ranks second in the Women in Leadership category (21^st overall, three-year growth rate of 1,824%).

Andy Gregory, CEO of BGF, said: “A huge congratulations to each of the Deloitte UK Technology Fast 50 companies, and to the winners of the awards. It’s fantastic to see the broad range of tech companies that have featured this year, all of which have achieved staggering growth rates. The Fast 50 demonstrates the level of ambition that exists in UK technology space, and I look forward to watching what the companies go on to achieve from here.”