Annual Startups 100 2016 reveals UK’s best new businesses
The annual Startups 100 list for 2016 has been revealed.
The index, published by Startups.co.uk, lists UK businesses that have shown the best growth potential since being launched on or after 1st January 2013.
The index features 100 companies, with over 60 new entries making this year’s list. According to Startups.co.uk, this year’s competition was “tougher”, with hundreds of entries being made by entrepreneurs across the UK.
The index also revealed the best-performing sectors and the most popular locations for start-ups. Retail, fintech, food and drink, and proptech are among the fastest-growing sectors, whilst the South East and West Midlands are becoming the most popular destinations.
The number of female-led businesses is also growing, with 32 per cent of companies on the list being founded or co-founded by women.
Peer-to-peer (P2P) property lender LendInvest topped this year’s list for attracting £22 million investment and revenues of over £15 million in the three years that the company has been trading.
Commenting on this year’s list, Startups.co.uk Editor Lucy Wayment said: “The average turnover of the start-up businesses in this index is £1.54m, nearly £400,000 more than in 2014, which is a good indicator that the UK’s start-up businesses are thriving and are only set to scale further in the coming months.”
She went on to describe this year’s 100 start-ups as “very exciting, ambitious and disruptive.”