LAUNCHPAD: London top of tech tree says Deloitte

London-based firms make up 40% of the accountant's latest Fast 50 list of high growth companies.

by Andrew Saunders

The capital’s dominance of the sector is even higher by revenue, where it accounts for 47% of total turnover. The overall winner was not however based around the Old Street roundabout or even down the road in super hip Shoreditch, but in that relic of the first dotcom boom, Clerkenwell.
Real time ad buying business Infectious Media topped the ranking with a remarkable 9,774% revenue growth over the past five years.
A total of five of the 10 fastest growing firms were also based in London, but The Smoke didn’t get it all its own way. Second place Avecto – a software business whose growth rate was a ‘mere’ 4731% - is based in Cheshire, while in third, smart data business AlertMe hails from Silicon Fen in Cambridge.
Other names to make this year’s list include gifts etailer notonthehighstreet, take-away meal aggregator JustEat and travel management outfit ClickTravel.
Could it be that by setting the standard others aspire to, London’s thriving tech scene is encouraging the rest of the country’s start-ups to raise their game and give chase? Let’s hope so.

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