Rapid growth and enterprise diversity celebrated at the 2015 Deloitte Fast 50

New Zealand’s fastest growing businesses have been revealed at the Deloitte Festival of Fast Growth, with surprising variety among the companies making the final cut.

Wellington-based craft brewery, Garage Project, took the number one spot with a spectacular growth rate of 664% growth over the last three years. Read Idealog’s full interview with the winners here.

Close behind Garage Project was Christchurch construction company Farrell Group (628% growth), Mad Group (603%), bespoke jewellery manufacturer Naveya & Sloane (552%) and tradespeople recruiter Tech 5 Recruitment (545%).

Of the companies making the list, 15 are technology companies, 12 are consumer businesses, eight are from the construction industry and six are manufacturers. The remaining nine companies on the index are from the health, agribusiness, tourism, education and energy industries.  

Bill Hale, Deloitte Private partner, says that the wide diversity among the ranked businesses shows is important, providing job opportunities across more than just the tech industry, and demonstrating that any SME businesses can be successful in their niche with the right strategy and execution.

“What’s more, the high percentage of first-timers and the large number of smaller companies with revenue under $5 million suggests that there is plenty more growing to do for this year’s group of companies.”

The Deloitte Fast 50 index ranks the top 50 businesses in country according to their revenue growth over the past three years. Entrants are required to be New Zealand registered companies and have had operating revenue of at least $300,000 in the 2012/13 financial year.

Former number one ranked companies include TradeMe, 42 Below, Powershop, My Food Bag and HRV. (For a breakdown of past Deloitte Fast 50 results, and commentary from Bill Hale, Icehouse’s Andy Hamilton and Accenture’s Nikhil Ravishankar, click here.)

The threshold for entry into this year’s competition was 194% (slightly below last year’s record 201%), with the top 7 companies on the index all having three-year growth rates in excess of 500%.

Along with the overall win, Garage Project took out the national award for fastest growing manufacturer.

Lewis Road Creamery was named the 2015 national Rising Star, recognised as an early-stage, innovative, high potential company. Farrell Group won the national award for fastest growing services business and Mad Group won the national award for fastest growing retail or consumer products business.

Vend won fastest growing technology business, Compass Agribusiness Management for fastest growing agribusiness, EBOS for fastest growing mature business and The Collective for the fastest growing exporter.

The complete list of winners is as follows:

2015 Deloitte Fast 50

Rank

Company

Revenue growth (%)

Fast 50 region

1

Garage Project

         664.29

Wellington and Lower North Island

2

Farrell Group

         628.41

Christchurch and Upper South Island

3

Mad Group

         603.46

Auckland and Upper North Island

4

Naveya & Sloane

         552.04

Auckland and Upper North Island

5

Tech 5 Recruitment

         545.48

Auckland and Upper North Island

6

Lighthouse At-Home Childcare

        528.25

Auckland and Upper North Island

7

Vend

         503.92

Auckland and Upper North Island

8

Gore Flooring Xtra Colour Plus

         478.86

Dunedin and Lower South Island

9

SEA Containers NZ

         468.34

Central North Island

10

Uprise Digital

         431.79

Wellington and Lower North Island

11

LINK

         413.26

Auckland and Upper North Island

12

Ultrafast Fibre

         384.40

Central North Island

13

South Pacific Fire Protection

         380.35

Dunedin and Lower South Island

14

Good Honest Products

         378.09

Christchurch and Upper South Island

15

Cobra Labs

         349.09

Central North Island

16

Solar Pro

         336.86

Dunedin and Lower South Island

17

ecommistry

         321.23

Auckland and Upper North Island

18

Compass Agribusiness Management

         315.79

Dunedin and Lower South Island

19

Wisdom Cleaning

         314.47

Christchurch and Upper South Island

20

Last Season

         308.26

Central North Island

21

Sprint Fit

         297.07

Auckland and Upper North Island

22

Kowtow Clothing

         290.11

Wellington and Lower North Island

23

Bird on a Wire

         288.21

Auckland and Upper North Island

24

Keola Homes

         283.86

Auckland and Upper North Island

25

Bookme.co.nz

         277.98

Auckland and Upper North Island

26

Little Giant

         275.49

Auckland and Upper North Island

27

Switch Lighting

         272.95

Christchurch and Upper South Island

28

Smartrak

         270.42

Central North Island

29

ParrotDog Brewery

         262.69

Wellington and Lower North Island

30

Gibson Construction

         262.24

Central North Island

31

Pure SEO

         258.37

Auckland and Upper North Island

32

Switch Utilities

         257.62

Auckland and Upper North Island

33

MAXRaft

         257.33

Dunedin and Lower South Island

34

Friday Solutions

         256.61

Auckland and Upper North Island

35

HR Shop

         247.71

Wellington and Lower North Island

36

Unleashed Software

         244.93

Auckland and Upper North Island

37

Dirtworks

         237.75

Auckland and Upper North Island

38

EBOS

         232.88

Christchurch and Upper South Island

39

Anytime Fitness

         228.79

Central North Island

40

90 Seconds

         223.28

Auckland and Upper North Island

41

Xero

         222.92

Wellington and Lower North Island

42

Portland Software Services

         219.52

Auckland and Upper North Island

43

Customer Monitor

         207.95

Auckland and Upper North Island

44

Webscope

         207.64

Auckland and Upper North Island

45

Pie Funds Management

         202.67

Auckland and Upper North Island

46

Touchtech

         201.13

Wellington and Lower North Island

47

Who Ate All The Pies

         200.45

Dunedin and Lower South Island

48

Socialites

         198.46

Auckland and Upper North Island

49

Onestaff

         194.66

Auckland and Upper North Island

50

Rubber Monkey

         194.36

Wellington and Lower North Island