The London Stock Exchange recently published it’s report on ‘1000 Companies to Inspire Britain’ the report is a celebration of some of the fastest-growing and most dynamic small and medium-sized enterprises in the UK.
As well as identifying 1,000 companies, the report examines in detail the opportunities and challenges facing SMEs and looks at the sectors and trends that will shape the future of the UK economy. A lot of research was carried out to identify the 1,000 companies such as director profile and growth by revenue. One of the most interesting one for us was the top five performing sectors in which Information Technology was 350 per cent between 2010 and 2014.
A new generation of technology companies is securing the UK’s status as a leading hub for digital innovation and driving growth in the wider economy.
The UK technology sector is expanding more rapidly than any other industry, with growth in London, the south east and East Anglia outpacing Silicon Valley, and dozens of clusters emerging beyond the capital. The UK Government’s decision to put coding at the heart of the national curriculum for children as young as five signals an even brighter digital future.
Sector at a glance
- 7 years – In 2014, the tech sector enjoyed its strongest growth since 2007
- £12 billion – Will be added to London’s economy by tech firms over the next decade
- £3.4 billion – The estimated value of the cybersecurity sector in 2017, up from £2.8 billion in 2013
Nostrum Group has been named in the second edition of the London Stock Exchange’s ‘1000 Companies to Inspire Britain’ report 2015, confirming the firm’s status as one of the fastest-growing and most dynamic businesses in the UK.
Nostrum is one of 65 technology companies to feature in the list. Manufacturing, construction and financial services all have more representatives, but the ever accelerating movement of the UK towards a digital economy is highlighted by technology sector companies delivering the highest average annual revenue growth of 350 per cent between 2010 and 2014. During this period Nostrum’s own revenues grew by 467%.
“We’re delighted to be named in this prestigious list and it is encouraging for the economy as a whole to see such strong growth across a range of sectors. We’ve enjoyed a period of sustained growth in recent years and demand for our digital loan management software looks set to continue to accelerate through 2015 and beyond.”
“We are also very pleased to see some of our key partners featuring in the list, including Metro Bank, who are one of our clients, and BJSS, who have been a strategic partner to our business for a number of years. Our Chairman, Arnie Iversen, holds the same role with Moneyplus Group, who are also included.” Said Richard Carter, Chief Executive of Nostrum.
Nostrum provides technology to make lending cheaper, faster, and safer. Our technology is used by an increasing number of high profile lenders to make faster, more informed credit decisions, reducing their credit defaults and facilitating cheaper credit. High level of customer self service and automation reduce lender operating costs and interest rates whilst also providing exemplary customer service. Emerging regulatory requirements focus on transparency and treating customers fairly – these principles are embedded within our software. The software is provided on a fully managed SaaS basis through dual secure, high availability data centres.
You can follow them on Twitter: @nostrumgroup
Commenting in the report on the strong performance of the technology sector, Baroness Joanna Shields OBE, CEO and Chair, Tech City Investment Organisation, said: “The UK has become a tech nation. In the past year, brilliant digital companies have continued to spring from collaborative communities of entrepreneurs, supported by established businesses and government. All across the country these companies are disrupting traditional industries, forging innovative sectors and creating an entirely new way of doing business.”