Velocity and VetCT make UK sales gazelles rankings
Cambridge duo Velocity Commerce and VetCT along with Suffolk business Superyacht Tenders & Toys fly the flag for the East of England in this weekend’s Sunday Times Virgin Atlantic Fast Track 100 league table which ranks Britain’s private companies with the fastest-growing sales.
The three companies headquartered locally include two new entrants to the league table. Their sales have grown by an average of 60 per cent a year over three years to a total of £29.6 million and together they employ 137 people.
The region’s top-ranked company is online marketplace specialist Velocity Commerce, which is based in Cambridge. As well as helping companies such as Brita and Hoover manage their online presence, it sells its Majority Radios brand, which it says is the second largest in the UK by volume sold.
It has grown its sales over the past three years by an average of 84 per cent a year, reaching £16.7m last year. The company also designs digital radios that it names after Cambridge colleges.
Veterinary radiology and telemedicine company VetCT, based in Cambridge, appears on the league table for the first time. It employs remote radiology specialists across the globe to analyse animal scans and provide support to vets. Its annual sales growth is given as 51 per cent and sales at £6.3m.
Suffolk-based Superyacht Tenders & Toys also makes its first appearance, reporting sales of £6.6m in 2018. Jet skis, submarines and giant inflatables are among the products it provides to yacht-owners around the world. Sales are up 45 per cent.
The companies in the East of England appear with businesses from around Britain, including fitness clothing retailer Gymshark, beauty products retailer Revolution Beauty, and brewer BrewDog.
Past stars include chip designer Arm, which featured in 1997 with sales of £17m, floated and was acquired by Japan’s SoftBank in 2016 for £24 billion; and mixer drinks maker Fever-Tree, which floated in 2014 at £154m and is now worth £2.6bn.
The Fast Track 100 is sponsored by Virgin Atlantic, Barclays, BDO, BGF and N+1 Singer, and is compiled by Fast Track, the Oxford-based research and networking events firm.
• Image courtesy – VetCT