SOUTHERN TECH 100
®
Turnover up again for technology sector
The new Southern Tech 100, published this month, is a £6 billion array of diverse businesses from innovative pathfinders to ’box shifters’
For the fifth year running, overall turnover has risen and now stands at £6.1 billion, up from £5.8b last year. Employee numbers have risen slightly, to about 18,600.
Cloud companies are making their way up the chart – from Pulsant to Cloud Distribution and from C4L to Cobweb Solutions.
Analysts believe 3D printing, the ’Internet of Things’ and drones will be the buzz developments of 2015.
It remains to be seen whether any companies working in these fields will make their mark in the Tech 100. But there is no doubt that as technology requirements among businesses shifts from hardware to software and remote services, more change will come.
Mobile continues to be important. Kondor, which relocated to a new 60,000 sq ft office and warehouse at Christchurch, Dorset, last year, is one company that has seen phenomenal growth. OneCom, with a head office in Whiteley, Hampshire, now has over 130 staff and had an annual turnover of £32 million in its last published accounts – with every chance it will top £40m in the current year.
Xeretec, based in Wokingham, has grown rapidly. A provider of managed print services, the company is now one of the largest suppliers of digital print hardware, software, solutions and services in the UK and Ireland. Recently, it acquired Bytes Document Solutions.
Softcat, ranked the UK’s second-best workplace, is one of the fastest-growing IT providers in the UK. Revenues increased by more than 25% in the past year, and in the year ending July 2014 total sales reached £504m.
Sophos, the specialist in data security based in Abingdon, has been on the acquisition trail, including acquiring Mojave Networks of California to strengthen its cloud-managed and appliance-based security solutions.
Sponsored by Barclays bank, the leading intellectual property specialists Marks
THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – FEBRUARY 2015
www.businessmag.co.uk
& Clerk, business advisers Chantrey Vellacott and recruitment specialists GCS, the Southern Tech 100 is The Business Magazine’s annual listing of the top 100 private, independent technology companies in an area stretching from Banbury to the Isle of Wight.
At the top of the list once again is £1b-plus turnover IT product supplier Westcoast.
New sponsor – Chantrey Vellacott
Leading accountancy firm Chantrey Vellacott is the new sponsor of the Southern Tech 100 – joining Barclays, Marks & Clerk and GCS in supporting the annual technology listing.
Chantrey Vellacott, established in 1788, has major offices in Reading and Southampton, among nine UK locations.
The firm said: “Chantrey Vellacott is delighted to be sponsoring the Southern Tech 100. As an adviser offering a full range of services to technology companies across the UK from start-ups and listed companies to established multinational businesses, we look forward to supporting this initiative which recognises the region’s diverse technology businesses in the south.“
www.cvdfk.com Rules of engagement
The 100 listing is ranked by turnover. The key criteria for inclusion are:
• The company is independent and private
• It is headquartered with its main trading address in the region
• Listed companies (either LSE or foreign markets) are excluded
• Companies that list their registered office in the region, but don’t trade from that address, are excluded
• Companies that are foreign-owned are excluded
• Companies House records are used, provided by FAME
• Multinationals are excluded.
Event Next month, The Business Magazine and the Southern Tech 100 sponsors host an invitation-only dinner in Reading for technology companies. For further details, email our events manager:
Linda Morse •
linda@elcot.co.uk
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