Chelsea Apps Factory ranked as one of the UK’s fastest growing tech companies!

6th September 2015. London. Fast-growing tech firm Chelsea Apps Factory today took its place in the prestigious Sunday Times Hiscox Tech Track 100.

Ranked 16th of the top 100 fastest-growing privately-owned tech companies, Chelsea Apps Factory joins an illustrious group of UK firms who are delivering technological innovations. A typical Tech Track 100 company:

  • ▪ is generally owned and run by entrepreneurs
  • ▪ has between 20 and 200 staff
  • ▪ has average 3-year sales growth ranging from 40% – 300% per annum
  • ▪ has sales ranging from £5m – £50m

Companies are ranked by their compound annual growth rate (CAGR) in sales over three years. Founded in 2010, this was the first time that business mobility experts Chelsea Apps Factory were eligible to enter, with the Tech Track 100 requiring four years of accounts to be considered for inclusion.

In 2014, Chelsea Apps Factory revealed that:

  • * Revenue grew 139% year on year
  • * Gross profit now accounts for 37% of revenue, up from 21% the year
  • before
  • * Net profit for 2014 was 15%

Mike Anderson, CEO & Founder of Chelsea Apps Factory, said: “We are delighted to be a top twenty hit! This accolade is testament to the momentum we’ve created as a business – all of which has translated into a solid financial performance. The last five years have been fantastic for us, and the industry at large. However, the next five years is where it really hot’s up, with the pace of change and adoption of mobile becoming even more significant. Watch this Chelsea Apps Factory are experts in mobilising businesses and count Ladbrokes, Waitrose and many other household names among their clients.

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More about Chelsea Apps Factory

Established in 2010, Chelsea Apps Factory is now one of the UK’s fastest growing tech companies. Since launch, the company has grown year-on-year, building a reputation for delivering industry-leading mobile services and solutions for household names such as Ladbrokes, KPMG and Waitrose. Over the last year the company has moved into profit, doubled its turnover and now employs more than 80 staff in its London and Edinburgh App Factories, with a third Factory opening in Belfast in 2015. For more information, please contact: Stuart Jackson on 07866 772 563 or at stuart.jackson@upcomms.com