Two Highland Europe companies make the FT Future 100 UK list
We all love a list - especially when we are on it. So we were delighted to find two (33% of our UK portfolio) Highland Europe portfolio companies - NewVoiceMedia and LoveCrafts - have made the FT’s inaugural Future 100 UK list of 100 fast-growing UK companies that are making an impact on their industry, or wider society.
To make it into this roll call, businesses had to demonstrate they were either having an impact via their environmental, social and governance policies, or promoting diversity or disrupting their industry. They were also measured on their rate of growth, based on independent research by Statista and selected by a panel including Mishcon de Reya, Statista, Financial Times, Nest Corporation, Hermes Investment Managers and AlixPartners.
LoveCrafts made it into the list based on their consistent growth, which measured 120% over the years 2013 to 2016. They are building a truly innovative global company from London that provides a social marketplace for knitters and crocheters and recently hit their one millionth customer. It’s great to see them being recognised for building a tech success in a market which seemed (to some) so traditional.
NewVoiceMedia, which had revenues of £32m in 2016, made the ranking due to their environmental, social and governance policies and also showed 50% growth in revenue between 2013-2016.
It’s particularly gratifying to see NewVoiceMedia achieve this ranking just days after it announced its sale to Vonage - a leading voice over internet provider - for $350m. NewVoiceMedia now boasts 700 customers including the likes of Adobe, Siemens and FundingCircle and 400 employees.
Dennis Fois, the CEO will stay on and continue to lead the company under Vonage’s ownership. When the FT and its selection panel picked winners for future growth, they made a shrewd choice with NewVoiceMedia.