Based on an eight-point criterion, Beauhurst tracks more than 45,000 ambitious* private companies in the United Kingdom for the period between 2020 and 2021, to identify some of the fastest growing businesses in every UK nation, while also shed light on the range of popular sectors and trends and methods of growth.
Beauhurst is a searchable, data-driven platform, that helps discover, track, and understand high growth companies in the UK, in a variety of sectors, from education to law, while also unearthing information on unpopular funding opportunities and other key events in the UK.
The United Kingdom has an exquisite start up ecosystem attracting entrepreneurs and investors from all nooks and corners of the world, building world class businesses and products. To be classified a high-growth company in the Beauhurst dataset, it must meet at least one or all the eight-points criteria, called the triggers of growth, that ranges from equity investment to venture debt.
The current outlook published in January this year is based on the 45k+ companies tracked by the platform, and the current analysis focuses on these Beauhurst registered companies with a turnover of at least £100k between 2020-2021. It revealed a majority (88%) of the businesses to be based in England, with just 7% in Scotland, 3% in Wales and 2% in Northern Ireland.
While equity investment remains the common growth method for businesses, the relative percentage of companies that have looked into accelerator programmes for development are much lower in England compared to other countries.
Business and Professional sectors has been identified as the most sought sectors across UK: England (44%), Scotland (38%), Wales (41%) and Northern Ireland (37%)., with fintech being the most popular focus area in England making up for 3.5% all English businesses. 74% of all fintech startups are also headquartered in London.
For London in 2021, the previous High Growth in London 2022 report by Beauhurst had shown fintech emerges as the most popular high-growth industry, accounting for 14% of all active companies in the region representing a whopping 69% of all high growth fintech companies in the UK, followed by artificial intelligence and digital security. The current report repeated the trend in the tech sector with Fintech companies making up 3.5% of the English businesses. Read more of the report and to know the top companies in all nations in the UK.