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