Research report 2016 Britain's small and medium-sized (SME) private companies with the fastest-growing international sales - Fast Track

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Research report 2016 Britain's small and medium-sized (SME) private companies with the fastest-growing international sales - Fast Track
Research report 2016                       SME Export Track 100 research report 2016   1

Britain's small and medium-sized (SME) private companies
with the fastest-growing international sales

In association with

                                                                    @ST_SMEexport
                                                                    #SMEexport100
Research report 2016 Britain's small and medium-sized (SME) private companies with the fastest-growing international sales - Fast Track
SME Export Track 100 research report 2016        i

                              CONTENTS

                              INTRODUCTION                                                  1
                              Top 10 SME Export Track 100 companies                         1

                              EXECUTIVE SUMMARY                                              2

                              KEY STATISTICS                                                3
                              International sales                                           3
                              Overseas markets                                              4
                              Sector breakdown                                              5
                              Industry breakdown                                            6
                              Regional breakdown                                            6
                              Job creation                                                  7
                              Main ownership                                                7
                              Foundation dates                                              7

                              KEY THEMES & SELECTED COMPANY PROFILES                         8
                              Routes to market                                               8
                              External capital                                               9
                              Acquisitions & joint ventures                                 10
                              Media & advertising                                           11
                              Brand Britain                                                 12

                              2016 SME EXPORT TRACK 100 LEAGUE TABLE                        13

                              METHODOLOGY                                                   17
                              Qualification criteria                                        17
                              Research approach                                             17

                              SPONSOR & MEDIA PARTNER                                       18

                              ABOUT FAST TRACK                                              20
                              Compiler & publisher                                          20
                              The authors                                                   20
                              Fast Track                                                    21

                              CONTACT DETAILS                                               21

© 2016 SME Export Track 100                                                       fasttrack.co.uk
Research report 2016 Britain's small and medium-sized (SME) private companies with the fastest-growing international sales - Fast Track
SME Export Track 100 research report 2016                        1

                                                                 INTRODUCTION
                                                                 This is the second year of The Sunday Times SME Export Track 100,
                                                                 which ranks Britain’s small and medium-sized (SME) private companies
                                                                 with the fastest-growing international sales. Heathrow Airport is
                                                                 the headline sponsor of the league table, and it is supported by the
                                                                 government's 'Exporting is GREAT' campaign.

                                                                 The SME Export Track 100 ranks companies based on their average
The No 1 company is Black Swan Data, which helps                 growth in international sales over the last two years. SMEs are defined
multinationals, such as Disney, Panasonic and GSK,               as companies with total sales of £5m to £25m in their latest year, and
understand and act on their customer data                        international sales were required to be a minimum of 20% of total sales.

                                                                 This year’s findings show that companies operating in a broad range
                                                                 of sectors and industries can grow successfully overseas. Average
                                                                 international sales growth for the 100 companies was 84% a year to a
                                                                 total of £685m, on combined total sales of £1.3bn, compared with an
                                                                 average growth rate of 73% on last year’s table.

                                                                 Featured companies include manufacturers such as mouldings specialist
                                                                 Sovrin Plastics (No 9) and toy maker Casdon (No 86), and emerging
                                                                 consumer brands such as Red Paddle Co (No 55) and Wool Overs (No 71).

                                                                 The No 1 company is Black Swan Data, an analytical software developer
                                                                 that correlates data from sources such as weather forecasts, social
                                                                 media and consumer feedback to help brands better target their
                                                                 marketing campaigns. It grew international sales over the last two years
                                                                 an average of 357% a year to £3.6m in 2015.

                                                                 The companies export to all corners of the globe and employ more than
                                                                 9,000 people. They are outlined in more detail in the following pages.

Top 10 SME Export Track 100 companies
                                                                  2-year av       Int'l      Total
Rank Company                                                      int'l sales    sales       sales
[2015] Activity                            HQ location       FYE growth pa       £000        £000    Staff Comment
        Black Swan Data                                                                                    In March it secured £3m from international
    1                                      Central London   May 15 357.19%      *3,620      *8,419   205
        Analytical software developer                                                                      investors, including Japanese conglomerate Mitsui
    2 Shiner                                                                                               Exports sports equipment such as skateboards
                                           Bristol          Apr 15   346.00%    10,455      22,369    59
  [8] Sports goods distributor                                                                             to over 35 countries
        LoveCrafts                                                                                         With £18m of venture capital it has created a
    3                                      Central London   Mar 15 311.44%      *2,827      *5,340    75
        Online crafts communities                                                                          global craft community covering 140 countries
        PrivateFly                                                                                         Launched in 2008 with £2m from 10 business angels, it
    4                                      St Albans        May 15 238.78%      *4,545 *10,236        21
        Online private jet hire                                                                            has more than 7,000 private jets on its booking system
        Denis Ferranti Group                                                                               Traces its roots to inventor Dr Sebastian Ziani de
    5                                        Bangor         Mar 15 209.72%       2,120      10,603   105
        Aerospace technology & manufacturing                                                               Ferranti, a pioneer of power transmission systems
        BrandFuel                                                                                          Produced Google's Zeitgeist event for the last
    6                                      Central London   May 15 207.44%      12,675      17,415    37
        Creative design agency                                                                             nine years
        CQC                                                                                                Recently secured a contract to supply protective
    7                                      Barnstaple       Sep 14   165.29%     7,175       8,069    57
        Military clothing manufacturer                                                                     clothing to the armed forces in Oman
        Ebury                                                                                              Has raised more than £70m from venture capital
    8                                      Central London   Apr 15   162.06%     3,513       9,233   185
        Business finance provider                                                                          investors
    9 Sovrin Plastics                                                                                      Last year it invested £4.5m in larger headquarters
                                           Slough           Dec 14   161.17%     4,207      10,759   112
 [25] Plastic mouldings specialist                                                                         following increased demand from the US and Europe
        Andusia                                                                                            Ships household waste to Amsterdam, which has
  10                                       Hertford         Mar 15 154.08% *16,899 *16,915            10
        Waste exporter                                                                                     the world's largest waste incineration plant
* supplied by company

© 2016 SME Export Track 100                                                                                                                fasttrack.co.uk
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     Growth in international sales*                                EXECUTIVE SUMMARY
     Number of companies in each range
                                                                   International sales
    >200%             6                                            • The SME Export Track 100 companies increased their overseas
                                                                     sales by an average of 84% a year over two years, from a total of
150%–200%         4                                                  £247m to £685m
100%–150%                       13                                 • The vast majority of companies (80) sell to mainland Europe,
                                                                     making it the most popular market, followed by North America
80%–100%                               16
                                                                     (71) and Asia (45)
 60%–80%                             15
                                                                   • The top countries for overseas sales are the US (66 companies),
 40%–60%                                                      32     Germany (27), Australia (25), France (21) and China (19)
Research report 2016 Britain's small and medium-sized (SME) private companies with the fastest-growing international sales - Fast Track
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                                                                 KEY STATISTICS
                                                                 International sales
                                                                 • Companies on the league table are required to have total sales
                                                                   between £5m and £25m in their latest year, with latest year
                                                                   international sales at least 20% of total sales

                                                                 • The minimum average growth rate in international sales to qualify
                                                                   was 33% a year over two years. Actual international sales growth
                                                                   rates for the 100 companies range from 33% to 357%
    Sports goods distributor Shiner (No 2) is one of the 23
    companies with triple-digit growth in international sales
                                                                 • The top-ranked company is analytical software developer Black
                                                                   Swan Data. It has offices in the US, Canada, South Africa, Singapore
                                                                   and Hong Kong, and grew international sales an average of 357% a
                                                                   year to £3.6m in 2015
    Latest total sales
    Number of companies in each range                            • 23 companies had triple-digit growth in international sales, which
                                                                   compares favourably with last year when there were only 14
                                                                   companies in this category. They include sports goods distributor
£20m–£25m                   15
                                                                   Shiner (No 2), which grew international sales an average of 346% a
£15m–£20m                               24                         year to £10.5m in 2015
£10m–£15m                             23                         • International sales for the 100th-ranked company, medical device
£5m–£10m                                                 38
                                                                   maufacturer Micro Systems, grew an average of 33% a year, from
                                                                   £3.2m in 2012 to £5.8m in 2014

                                                                 • Turbine Efficiency (No 26), which provides turbine maintenance
    Latest international sales                                     services in remote locations, such as the Burmese Jungle, had the
                                                                   highest international sales on the league table at £22.1m
    Number of companies in each range
                                                                 • Combined international sales for the 100 companies were £685m
 £20–£25m       2                                                  and total sales were £1.3bn

£15m–£20m        6                                               • Some companies made all, or the vast majority, of their sales
                                                                   overseas. They include NMS International Group (No 51), which
£10m–£15m             13
                                                                   manages infrastructure construction projects in Africa, and
£5m–£10m                               30                          specialist training firm SCM World (No 94), which generated 97%
                                                                   of its sales overseas in its latest year
 £1m–£5m                                                  49
                                                                 • Companies did not need to be profitable to qualify for the league
                                                                   table. Of the 82 companies that were in profit, imaging technology
                                                                   developer Apical (No 79) disclosed the highest operating profit
    Top 5 companies with the largest
    international sales                                            margin of 52%, with £8.7m profits on total sales of £16.6m

         Company                                       Exports   • Of the 18 companies that made a loss, 11 were venture capital
    Rank Activity                             FYE          £m      or angel investor-backed technology companies. Online loan
        26
             Turbine Efficiency
                                             Mar 15       22.1     provider Borro (No 20) disclosed the largest losses on the table,
             Turbine maintenance services
                                                                   with an operating loss of £6.4m
             Miura Systems
        27                                   Dec 15       20.2
             Payment hardware provider
             McGavigan
        85                                    Dec 15      18.8
             Decorative plastics manufacturer
             Tangle Teezer
        33                                   Mar 15       18.7
             Hair products supplier
             Alba Power
        25                                   Dec 15       17.3
             Turbine maintenance services

    © 2016 SME Export Track 100                                                                                         fasttrack.co.uk
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                                                         Overseas markets
                                                         • The vast majority of companies (80) sell to mainland Europe,
                                                           making it the most popular market, followed by North America (71)
                                                           and Asia (45)

                                                         • Whilst many companies (42) focus their international activities on
                                                           one or two continents, more than one fifth of the companies have
                                                           their markets spread across four or more continents (22). For
                                                           example, payment hardware provider Miura Systems (No 27) has
Miura Systems (No 27) payment hardware technology
                                                           customers in six continents thanks to distributor deals it has with
is used in six continents                                  payment multinationals, including WorldPay and iZettle

                                                         • By country, the US is a major market for the most companies (66)
                                                           followed by Germany (27), Australia (25), France (21) and China (19)

                                                         • 44 companies have customers in one or more of the fast-growing
                                                           emerging markets†, such as dispute resolution consultancy
                                                           Blackrock PM (No 44), which has worked on construction disputes
                                                           in Poland, South Africa, China and the UAE

                                                         † Emerging markets as defined by the FTSE list of emerging countries, March 2016

Main overseas markets of the SME Export Track 100 companies*

                                                                                   80
                     71                                                           Europe
               North America
                                                                                                                     45
                                                                                                                      Asia

                                                                                           21
                                                                       14
                                                                                       Middle East
                                     11                                Africa

                               South America                                                                                 33
                                                                                                                         Australasia

* map shows the numbers of companies targeting each market

© 2016 SME Export Track 100                                                                                                fasttrack.co.uk
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                                                       Sector breakdown
                                                       The SME Export Track 100 companies operate in a range of sectors.
                                                       Due to the breadth of their activities, 16 companies are considered
                                                       to operate in two sectors. These include Plextek (No 72), which
                                                       provides design consultancy services, and also manufactures
                                                       products such as radars and street light control units.

                                                       The largest sector is services, with 54 companies, followed by
                                                       manufacturing (31).
McGavigan (No 85), which is run by Steve Mathers and
David Taylor, makes plastic parts for cars and has a   • Services (54) encompasses a wide range of industries, from
factory in China                                         architects such as Wilkinson Eyre (No 40), specialist consultancies,
                                                         such as car dealership consultancy ASE Global (No 78), and
                                                         marketing firms, such as Search Laboratory (No 54)

                                                       • Manufacturers (31) include McGavigan (No 85), which makes
Sector breakdown                                         plastic parts for cars and has a factory in China, and display case
                                                         manufacturer Click Netherfield (No 42)

                                                       • Retailers (16) include online pharmacy Chemist 4U (No 47),
Construction 5
                                                         which can dispense medicine to anyone registered with an EU
Wholesalers 10                                           doctor, and knitwear firm Wool Overs (No 71), which has eight
                                                         international websites
Retailers 16                                           • Wholesalers (10) include sports good distributor Stateside
                                                         Skates (No 58), which has customers in Scandinavia, France, and
                                                         Germany, and Pet Brands (No 35), which has a licence to sell
                                                         branded pet products in Asia
Manufacturers 31                                       • Construction (5) include NMS International Group (No 51), which
                                                         manages £300m of infrastructure projects in sub-saharan Africa
                                                         and Desco (No 76), which has consulted on extending a sports
Services 54
                                                         academy in Doha
Note: companies can operate in more than one sector.

Stateside Skates (No 58) sells skateboards, scooters
and roller skates across Europe

© 2016 SME Export Track 100                                                                                    fasttrack.co.uk
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Industry breakdown                                    Industry breakdown
                                                      • Consumer goods is the best represented industry, with 17
                                                        companies. This category includes Amara (No 30), which sells luxury
               Consumer goods 17
                                                        home furnishings as far afield as Australia and the UAE, and toy
                                                        maker Casdon (No 86)

                                                      • Media & advertising also features strongly, with 12 companies,
               Media & advertising 12
                                                        ranging from social media monitoring firm Brandwatch (No 34) to
                                                        Simworx (No 49), which has made special effects for theme parks
                                                        in Germany and Colombia
               Business services 11
                                                      • Business services is represented by 11 companies, including
                                                        cloud software developer HighQ (No 32) and Mind Gym (No 77),
               Engineering 11                           which makes bite-size training courses for staff at Starbucks,
                                                        Versace and Microsoft
               Food & drink 7
                                                      • A further 11 companies are in the engineering industry.
               Building-related 7                       They include chemicals packaging manufacturer Sanglier (No 93)
                                                        and Laser Quantum (No 97), whose €500,000 lasers are sold to
               Computers & electronics 6                research and commercial laboratories globally
               Finance 5
               Transport 5
               Leisure 4
               Automotive 4
               Healthcare 4
               Oil & gas 3
               Other 4

Regional breakdown of UK HQ                           Regional breakdown
                                                      More than one third of the companies (36) are headquartered in
                                           Scotland   London, and another 20 in the southeast.
                                              5
                                                      Regions with export strength in particular areas include:
 Northwest
                                                        –– Scotland, where all five of the companies are manufacturers.
     10                                  Northeast
                                                           They include Argyll-based Springbank Whisky (No 41) and Fife
                                                           firm Sabre Safety (No 21), which designs, builds and installs
                                              6
                                                           emergency breathing systems

  N. Ireland                                            –– The Southeast, home to six of the 17 companies in the
                                           Midlands
      2                                                    consumer goods industry. They include knitwear retailer Wool
                                             12            Overs (No 71) and Kent-based Kit for Kids (No 96), which sells its
                                                           children's games in the Middle East
   Wales                                     East

      1                                       2         –– London, where four of the five companies in the finance sector
                                                           are based. These include online loan provider Borro (No 20)
                                                           and financial software developer Vermilion (No 75)

 Southwest                                            The region with the lowest representation on the table is Wales. The
                                           London
                                                      one company located in this region is Bangor-based Denis Ferranti
      6                      Southeast       36
                                20                    Group (No 5), which makes aerospace and defence equipment, such
                                                      as motors for hybrid electric helicopters.

© 2016 SME Export Track 100                                                                                  fasttrack.co.uk
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                                                               Job creation
                                                               • The 100 companies employ more than 9,000 people, with typical
                                                                 staff numbers ranging between 25 and 100 people

                                                               • The largest employer is decorative plastics manufacturer
                                                                 McGavigan (No 85), which employs 324 people. The smallest
                                                                 employer is Forest Boards (No 62), which exports plywood for
                                                                 panelling in lorries and has just 4 staff

                                                               • The companies have collectively increased their total staff number
 Ex-RAF pilot Adam Twidell, and his wife, Carol Cork, retain
                                                                 by almost 3,700 over the past two years. For example, the
 a majority stake in PrivateFly (No 4), the online private
 jet firm they founded in 2008                                   headcount at web technology developer Qubit (No 14) topped 210
                                                                 in 2015, compared to 66 in 2013

 Number of employees                                           Main ownership
 Number of companies in each staff range                       • Entrepreneurs and founders majority-own more than half (56) of
                                                                 the companies. For example, Adam Twidell and Carol Cork own
  >175                          13                               and run the online private jet firm PrivateFly (No 4), which they set
                                                                 up in 2008
150–175          5
                                                               • 21 companies are majority-owned by private equity, venture
125–150                8                                         capital or business angels. They include sports nutrition developer
100–125
                                                                 Grenade (No 50), which the founders sold to Grovepoint Capital in
                           9
                                                                 2014, and advertising technology developer Lineup Systems (No
 75–100                         13                               38), which delisted from AIM in 2012 with investment from NVM
                                                                 Private Equity
  50–75                                               25
                                                               • 14 are family-owned, including Sladmore Gallery (No 63), which
  25–50                              15
                                                                 has sold work by French artists Rodin and Degas and is owned
  10–25                    10                                    and run by Edward Horswell, son of the company's founder
Research report 2016 Britain's small and medium-sized (SME) private companies with the fastest-growing international sales - Fast Track
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                                                                  KEY THEMES & SELECTED COMPANY PROFILES
                                                                  On the following pages we profile examples of companies that
                                                                  demonstrate some of the key themes from this year’s league table.

                                                                  ROUTES TO MARKET
                                                                  The companies have achieved organic international sales growth
                                                                  in different ways. Almost half (43) have set up a local office or
                                                                  subsidiary, such as IT consultancy Hatstand (No 23), which last
                                                                  December opened an office in Dubai to drive sales in the Middle
Stefano Martinetto is CEO of designer brands wholesaler
Tomorrow (No 66) which has showrooms in Milan, Paris              East. 23 companies have used distributors to reach overseas
and New York                                                      customers, for example toy maker Casdon (No 86) boosted sales in
                                                                  the Far East after meeting distributors at trade fairs in China. Export
                                                                  growth for 17 firms has been driven by online sales, including for
                                                                  maternity wear retailer Séraphine (No 53) which has websites in
                                                                  France and the US. Further examples are profiled below.

              Amara
  30          Home furniture online retailer
                                                                   Last year it launched a German website

              Location          Essex                              Ralph Lauren and Missoni are two of the luxury brands Amara
              FYE               Dec 15                             sells online. Started in 2005 by husband and wife team Sam
              CAGR§             93.23%                             and Andrew Hood, 48 and 51, it ships from its Essex warehouse
              Int'l sales       £3.7m*                             home furnishings as far afield as Australia and the UAE. Exports
              Total sales       £8.8m*                             hit £3.7m last year.
              Employees         65

              Click Netherfield                                    Partners with a network of distributors to sell display cases to
  42                                                               museum galleries worldwide
              Display case manufacturer

              Location          Livingston                         Click Netherfield was formed in a 2003 merger and is led by Mike
              FYE               July 15                            Chaplin, 49. Exports rose to £8.8m last year, with strong demand
              CAGR§             76.61%                             prompting investment in its Livingston factory. Customers
              Int'l sales       £8.8m                              include The National Museum of African American History and
              Total sales       £11.6m                             Culture, which opens in Washington DC this September.
              Employees         125

  66          Tomorrow                                             Has opened showrooms in Milan, Paris and New York
              Designer brands wholesaler

              Location          East London                        Tomorrow gives new fashion brands access to buyers by putting
              FYE               Dec 15                             on sample displays at its showrooms in Milan, Paris, New York
              CAGR§             51.82%                             and London. Overseas sales hit £15m in 2015. Last November
              Int'l sales       £15.0m*                            chief executive Stefano Martinetto, 42, led a management
              Total sales       £17.2m*                            buyout, which was backed by Three Hills Capital Partners.
              Employees         46

         §   compound annual growth rate between 2012/13/14 and 2014/15/16 *supplied by company

© 2016 SME Export Track 100                                                                                              fasttrack.co.uk
SME Export Track 100 research report 2016      9

                                                                  EXTERNAL CAPITAL
                                                                  Thirty-two companies have boosted their ability to fund their
                                                                  growth by taking on investment from private equity, venture
                                                                  capital or business angels. This compares to just 23 companies on
                                                                  last year’s table. They include electric vehicle charging developer
                                                                  POD Point (No 24), which is backed by tech entrepreneur Peter
                                                                  Hiscocks. Last October, social media technology firm Brandwatch
                                                                  (No 34), secured £23m in a deal led by San Francisco-based
                                                                  Partech Ventures to help it expand in the US.
Red Paddle Co (No 55), which makes stand up paddleboards,
raised £4m from Mobeus Equity Partners last July

              Monica Vinader                                      Ambitions to become a global brand were boosted in February
  28                                                              when Piper Private Equity led a £20m investment
              Jewellery designer

              Location          Norfolk                           Jewellery designed by this firm in rural Norfolk are favourites of
              FYE               July 15                           international celebrities, including Hollywood actress Charlize
              CAGR§             95.68%                            Theron and Chinese model Liu Wen. Monica Vinader, 47,
              Int'l sales       £5.3m                             started the business 2007 and exports grew to £5.3m last year.
              Total sales       £19.8m                            Ambitions to become a global brand were boosted in February
                                                                  when Piper Private Equity led a £20m investment.
              Employees         138

  32          HighQ                                               Raised £35m in January to expand its international presence and
              Cloud collaboration software developer              invest in new product development

              Location          Central London                    A £35m investment in January led by One Peak Partners will help
              FYE               Apr 15                            this London firm develop its software. It has an R&D operation
              CAGR§             87.48%                            in India, and its offices in Europe, the US and Australia sell to
              Int'l sales       £5.8m                             banking and corporate customers. Started in 2001 by Ajay Patel,
              Total sales       £13.6m                            44, and Veenay Shah, 43, exports grew to £1.6m last year.
              Employees         13

              Red Paddle Co                                       It raised £4m from Mobeus Equity Partners last July to take
  55          Watersports equipment designer                      advantage of a fast-growing watersports niche

              Location          Devon                             Riding a wave of paddleboarding popularity, this Devon firm sells
              FYE               Feb 15                            inflatables, boards and accessories in more than 58 countries,
              CAGR§             58.37%                            and it says it has an 18% share of the global market for
              Int'l sales       £4.3m*                            inflatable paddleboards. Strong demand in the US and Europe
              Total sales       £7.5m*                            helped exports to £4.3m in 2015. Led by Roger Tushingham, 61,
                                                                  and John Hibbard, 39, last July it raised £4m from Mobeus Equity
              Employees         14
                                                                  Partners.

         §   compound annual growth rate between 2012/13/14 and 2014/15/16 *supplied by company

© 2016 SME Export Track 100                                                                                           fasttrack.co.uk
SME Export Track 100 research report 2016       10

                                                                  ACQUISITIONS & JOINT VENTURES
                                                                  More than 12 companies have bought or partnered with
                                                                  businesses to expand internationally. Examples include UK Gas
                                                                  Technologies (No 48), whose partnership with Spanish firm
                                                                  Telstar Life Sciences has helped it win business in the US, and
                                                                  Original Steel Services (No 19), which has offset falling steel prices
                                                                  by buying and turning round steel processors. Other examples
                                                                  are outlined below.

Laser Quantum (No 97), which is led by Lawrence Gloster, has
made acquisitions in Germany to help grow its product range

              Victor                                               Last year it bought private jet charter service YoungJets, which
  15                                                               managed Rihanna's 7 Countries in 7 Days tour
              Online private jet hire

              Location           Central London                    Flying the super-rich to ski resorts and chartering flights
              FYE                Dec 15                            for popstars are among the services of this exclusive travel
              CAGR§              135.05%                           management app. Founded in 2011 by Clive Jackson, 56, it
              Int'l sales        £9.3m*                            has raised £15m from angel investors, including Sir Elton John.
              Total sales        £16.2m*                           Overseas sales – which represents total booking value – hit
                                                                   £9.3m last year, accelerated by the acquisition of California-
              Employees          70
                                                                   based jet charter firm YoungJets.

  78          ASE Global                                           Exports will be boosted by last August's acquisition of Austrian
              Car dealership consultancy                           software firm E-Dentity

              Location           Manchester                        More than 17,000 car dealers worldwide use this Manchester
              FYE                Dec 14                            firm's software to report sales performance to manufacturers.
              CAGR§              42.12%                            Led by Rob Jones, 40, it has offices in 12 countries and sales
              Int'l sales        £10.8m*                           reps in a further 20. Exports of £10.8m in 2014 will be boosted
              Total sales        £17m*                             by last August's acquisition of Austrian software firm E-Dentity.
              Employees          196

              Laser Quantum
  97          Laser technology developer
                                                                   Has bought two laser companies in Germany

              Location           Stockport                         This Stockport firm's lasers are exported to research institutions
              FYE                Sep 14                            and commercial laboratories globally. The acquisition of two
              CAGR§              34.31%                            laser companies in Germany and a sales office in California
              Int'l sales        £12.6m                            helped exports to £12.6m in 2014. Chief executive Lawrence
              Total sales        £13m                              Gloster, 47, teamed up with two fellow University of Manchester
                                                                   PhD physicists to start the firm in 1994.
              Employees          97

         §   compound annual growth rate between 2012/13/14 and 2014/15/16 *supplied by company

© 2016 SME Export Track 100                                                                                             fasttrack.co.uk
SME Export Track 100 research report 2016     11

                                                                  MEDIA & ADVERTISING
                                                                  Twelve companies operate in the media & advertising industry,
                                                                  compared to five on last year’s table. Some of these companies
                                                                  have leveraged the reputation of British-made television and film,
                                                                  including Arrow Media (No 12) whose shows have won slots on
                                                                  the Discovery and National Geographic channels in the US. Others
                                                                  are technology focused, such as Flixmedia (No 68), which creates
                                                                  and manages digital content for some of the world’s biggest
                                                                  brands, including Microsoft and Samsung.
Arrow Media (No 12) made the documentary Sherpa, which
investigated a series of disasters on Everest

              Qubit                                               Has raised more than £50m, including £28m in February which
  14                                                              will be invested in product development
              Web technology developer

              Location          Central London                    Qubit has raised more than £50m since it was started in 2010
              FYE               Dec 15                            by four ex-Google employees. Its technology helps retailers
              CAGR§             136.14%                           optimise their websites, and customers include New York
              Int'l sales       £3.4m*                            fashion brand Nine West and Irish bookmaker Boylesports.
              Total sales       £11.4m*                           Offices in the US and Europe helped exports to £3.4m last year.
                                                                  Qubit is led by Graham Cooke, 33.
              Employees         210

  80          Group IMD                                           Last July it bought a Shanghai-based video advertising firm
              Video advertising software developer

              Location          Central London                    Group IMD develops software to help the ad industry manage
              FYE               Dec 14                            workflow. Exports grew to £8m in 2014 and, with its associates,
              CAGR§             41.09%                            it has 37 overseas offices. Last July, Simon Cox, 53, led the
              Int'l sales       £8m                               London firm's acquisition of a Shanghai-based video advertiser.
              Total sales       £17m                              Group IMD delisted from AIM in 2011 when it was bought by
                                                                  Vitruvian Partners for £34m.
              Employees         152

              Mofilm                                              Its filmmakers’ work has been shown on screens in India and
  89          Crowdsourcing advertising agency                    Australia, and during the US Super Bowl

              Location          Central London                    Filmmakers enter Mofilm's competitions to produce adverts
              FYE               Dec 14                            for iconic global brands, including AirBnB and Netflix. Led by
              CAGR§             36.62%                            co-founder and chief executive Jeffrey Merrihue, 57, overseas
              Int'l sales       £8.5m*                            sales soared to £8.5m in 2014. Last year it sold a majority
              Total sales       £10.7m*                           stake to New York-based media investor You & Mr Jones for an
                                                                  undisclosed sum.
              Employees         58

         §   compound annual growth rate between 2012/13/14 and 2014/15/16 *supplied by company

© 2016 SME Export Track 100                                                                                          fasttrack.co.uk
SME Export Track 100 research report 2016        12

                                                                   BRAND BRITAIN
                                                                   Britain’s reputation for innovation, creativity and high-quality
                                                                   goods has boosted exports for some of the companies, including
                                                                   architects, manufacturers of children’s products, and food
                                                                   and drink firms. For example, Heatherwick Studio (No 99) has
                                                                   designed Buddhist temples in Japan and public art on the banks
                                                                   of the Loire. The British heritage of hair and shaving accessories
                                                                   made by Kent Brushes (No 92) has helped them sell in India and
                                                                   Taiwan.
Cosatto's (No 91) colourful pushchairs have been popular in
Spain, Portugal and Iran.

               Tangle Teezer                                       Rejected by Dragon's Den tycoons in 2007, the company now
  33                                                               sells a hairbrush every 3 seconds
               Hair products supplier

               Location             South London                   This London firm makes almost 800,000 hairbrushes each
               FYE                  Mar 15                         month, and with customers in more than 110 countries overseas
               CAGR§                85.17%                         sales hit £18.7m in 2015. Shaun Pulfrey, 54, began selling his
               Int'l sales          £18.7m                         detangling hairbrush in 2007 and last February launched his first
               Total sales          £23.2m                         blow-styling brush.
               Employees            22

  41           Springbank Whisky                                   In 2013 a Chinese whisky collector bought a bottle of its 50 year-old
               Whisky distillery                                   single malt for £50,000

               Location             Argyll                         Established in 1828, chairman Hedley Wright, 85, is the fifth
               FYE                  July 15                        generation to run this family business. It showcases its malts
               CAGR§                79.32%                         at whisky festivals in Europe and has built a strong distributor
               Int'l sales          £3.5m                          network in the US and Asia. The appeal of Springbank's heritage
               Total sales          £8.1m                          helped exports to £3.5m last year.
               Employees            61

               Cosatto                                             Its British-designed pushchairs, highchairs and car seats have
  91           Pushchair manufacturer                              been popular in Iran and China

               Location             Bolton                         Bolton-based Cosatto makes colourful highchairs, car seats and
               FYE                  Aug 15                         strollers, including one with built-in speakers. Helped by a strong
               CAGR§                36.30%                         distributor network, sales to countries such as Spain, Portugal
               Int'l sales          £4.3m                          and Iran helped exports to £4.3m in 2015. Following the
               Total sales          £14.9m                         relaxation of its one-child policy, chief executive Andrew Kluge,
                                                                   53, expects future growth in China.
               Employees            55

          §   compound annual growth rate between 2012/13/14 and 2014/15/16 *supplied by company

© 2016 SME Export Track 100                                                                                              fasttrack.co.uk
SME Export Track 100 research report 2016                       13

2016 SME EXPORT TRACK 100 LEAGUE TABLE

                                                                     2-year av       Int'l      Total
Rank Company                                                         int'l sales    sales       sales
[2015] Activity                               HQ location       FYE growth pa       £000        £000    Staff Comment

        Black Swan Data                                                                                       In March it secured £3m from international
    1                                         Central London   May 15 357.19%      *3,620      *8,419   205
        Analytical software developer                                                                         investors, including Japanese conglomerate Mitsui
    2 Shiner                                                                                                  Exports sports equipment such as skateboards
                                              Bristol          Apr 15   346.00%    10,455      22,369    59
  [8] Sports goods distributor                                                                                to over 35 countries
        LoveCrafts                                                                                            With £18m of venture capital it has created a
    3                                         Central London   Mar 15 311.44%      *2,827      *5,340    75
        Online crafts communities                                                                             global craft community covering 140 countries
        PrivateFly                                                                                            Launched in 2008 with £2m from 10 business angels, it
    4                                         St Albans        May 15 238.78%      *4,545 *10,236        21
        Online private jet hire                                                                               has more than 7,000 private jets on its booking system
        Denis Ferranti Group                                                                                  Traces its roots to inventor Dr Sebastian Ziani de
    5                                        Bangor            Mar 15 209.72%       2,120      10,603   105
        Aerospace technology & manufacturing                                                                  Ferranti, a pioneer of power transmission systems
        BrandFuel                                                                                             Produced Google's Zeitgeist event for the last
    6                                         Central London   May 15 207.44%      12,675      17,415    37
        Creative design agency                                                                                nine years
        CQC                                                                                                   Recently secured a contract to supply protective
    7                                         Barnstaple       Sep 14   165.29%     7,175       8,069    57
        Military clothing manufacturer                                                                        clothing to the armed forces in Oman
        Ebury                                                                                                 Has raised more than £70m from venture capital
    8                                         Central London   Apr 15   162.06%     3,513       9,233   185
        Business finance provider                                                                             investors
    9 Sovrin Plastics                                                                                         Last year it invested £4.5m in larger headquarters
                                              Slough           Dec 14   161.17%     4,207      10,759   112
 [25] Plastic mouldings specialist                                                                            following increased demand from the US and Europe
        Andusia                                                                                               Ships household waste to Amsterdam, which has
  10                                          Hertford         Mar 15 154.08% *16,899 *16,915            10
        Waste exporter                                                                                        the world's largest waste incineration plant
   11 Sabre Safety                                                                                            Provides equipment and health and safety
                                              Fife             Dec 14   143.13%     6,310      12,962   162
 [27] Safety systems manufacturer                                                                             advice to BP's facilities in Pakistan
        Arrow Media                                                                                           Its documentary 'Sherpa' was nominated for a
  12                                          Central London   Sep 14   139.41%     8,794      10,857    52
        TV & film producer                                                                                    BAFTA this year
        A-2 Sea                                                                                               Its engineers have worked on projects in
  13                                          Southampton      Sep 15   138.75%    *2,327      *8,218    17
        Subsea telecoms supplier                                                                              Colombia, Panama, Iraq and Taiwan
        Qubit                                                                                                 Has raised more than £50m, including £28m in
  14                                          Central London   Dec 15   136.14%    *3,420 *11,352       210
        Web technology developer                                                                              February to fund product development
        Victor                                                                                                Last year it bought US-based private jet charter
  15                                          Central London   Dec 15   135.05%    *9,336 *16,158        70
        Online private jet hire                                                                               service YoungJets
        CDEnviro                                                                                              Its soil cleaning technology has reduced waste at
  16                                          County Tyrone    Dec 15   126.84%    *3,204      *9,418    44
        Specialist waste recycler                                                                             a tomato processing factory in Brazil
        LC Designs                                                                                            Its customisable jewellery boxes have been
  17                                          Kent             Mar 15 119.39%       2,802      13,942    54
        Jewellery box designer                                                                                popular in Asia and North America
        AHC                                                                                                   Its online games and animations help businesses
  18                                        Wakefield          May 15 117.81%       1,456       6,535    69
        Pensions communications consultancy                                                                   in the US and Australia demystify staff pensions
        Original Steel Services
  19                                          Dorset           Mar 15 115.73%      11,467      23,420   188 Customers include European farriers
        Forgings & steel processing
        Borro                                                                                                 Has offices in Manhattan and Beverly Hills to serve
  20                                          Central London   Dec 14   113.49%     3,814      11,371    62
        Online loan provider                                                                                  its customers, who include Hollywood celebrities
        MRT Castings                                                                                          Exports specialist aluminium parts to customers
  21                                          Hampshire        Mar 15 107.11%       3,990       7,186    52
        Aluminium parts manufacturer                                                                          in Ireland, Hungary and Germany
        The Appointment Group                                                                                 Organised a VIP trip to the FIFA World Cup in
  22                                          West London      Dec 14   106.46%     4,645      15,325   182
        Travel & events agency                                                                                Brazil
        Hatstand                                                                                              Its new office in Dubai will help drive sales of its
  23                                          Central London   May 15 103.43%       5,431      20,822    83
        Financial IT consultancy                                                                              cybersecurity practice in the Middle East
        POD Point                                                                                             Has seen strong sales in Norway, where around
  24                                        Central London     Jun 15    99.71%     2,548       6,418    50
        Electric vehicle charging developer                                                                   20% of new cars are electric
        Alba Power                                                                                            Has customers in 16 countries, including the US
  25                                          Aberdeen         Dec 15    98.90% *17,344 *21,151          64
        Turbine maintenance services                                                                          and Vietnam

* Supplied by company   † Annualised figure

© 2016 SME Export Track 100                                                                                                                   fasttrack.co.uk
SME Export Track 100 research report 2016                      14

2016 SME EXPORT TRACK 100 LEAGUE TABLE

                                                                      2-year av       Int'l      Total
Rank Company                                                          int'l sales    sales       sales
[2015] Activity                               HQ location        FYE growth pa       £000        £000    Staff Comment

        Turbine Efficiency                                                                                     Past projects include replacing a turbine in the
  26                                          Doncaster         Dec 15   97.60% *22,100        *23,753    92
        Turbine maintenance services                                                                           middle of the Burmese jungle
  27 Miura Systems                                                                                             Boosted by an £11m fundraising last year, future
                                              High Wycombe      Dec 15   97.52%     20,209      24,819    44
  [3] Payment hardware provider                                                                                growth is expected in the US and Asia Pacific
   28 Monica Vinader                                                                                           Justin Bieber wore one of its bracelets to this
                                              Norfolk           Jul 15   95.68%      5,291      19,814   138
 [23] Jewellery designer                                                                                       year's MTV Europe Awards in Milan
        The Knowledge Academy                                                                                  Its 50,000 online courses are studied as far afield
  29                                          Bracknell         Mar 15   94.63%      4,654      22,139   126
        Training provider                                                                                      as Malaysia and Argentina
   30 Amara                                                                                                    Says it is the largest international retailer of
                                              Essex             Dec 15   93.23%     *3,694      *8,776    65
 [11] Home furniture online retailer                                                                           home accessories by Italian designer Missoni
        Butterfly Twists                                                                                       Sells its footwear in more than 50 countries
  31                                          Central London    Mar 15   91.13%     *4,358      *5,134    30
        Footwear designer                                                                                      including Japan, the Philippines and Mexico
        HighQ                                                                                                  Raised £35m in January to expand its international
  32                                           Central London   Apr 15   87.48%      1,627       6,818   160
        Cloud collaboration software developer                                                                 presence and invest in product development
   33 Tangle Teezer                                                                                            Rejected by Dragon's Den tycoons in 2007, the
                                              South London      Mar 15   85.17%     18,655      23,176    22
 [14] Hair products supplier                                                                                   company now sells a hairbrush every 3 seconds
        Brandwatch                                                                                             Last October it raised £23m of venture capital to
  34                                       Brighton             Dec 14   84.42%      8,361      15,246   260
        Social media monitoring technology                                                                     fund expansion in the US
   35 Pet Brands                                                                                               Sells pet products - from dog shampoo to bird
                                              Wakefield         Jan 16   82.34%     *4,133     *10,786    42
 [22] Pet accessory manufacturer                                                                               feeders - in 62 countries
   36 Avecto                                                                                                   Last December it sold a minority stake to
                                              Manchester        Jun 15   81.89%      9,612      14,675   119
 [99] IT security software developer                                                                           US-based growth investor JMI Equity, raising £32m
        Cult Wines                            Southwest                                                        Plans to open a Hong Kong office to capitalise on
  37                                                            Aug 15   80.70%     *4,936     *17,020    16
        Wine merchant                         London                                                           the rising demand for fine wine in China
        Lineup Systems                                                                                         At the end of last year it secured its first German-
  38                                     Central London         Jun 15   80.36%      3,187       5,402    65
        Advertising technology developer                                                                       language client, Austrian publisher Russmedia
        Lawton Communications Group                                                                            In 2010 it opened an office in Los Angeles to be
  39                                Southampton                 Dec 14   80.24%      2,099       7,992    85
        Digital marketing agency                                                                               near its customers in the US gaming industry
        Wilkinson Eyre                                                                                         Is designing Australia's 2nd tallest building - a
  40                                          Central London    Mar 15   79.81%      7,531      22,325   185
        Architect                                                                                              90-storey hotel and apartment tower in Melbourne
        Springbank Whisky                                                                                      In 2013 a Chinese whisky collector bought a
  41                                          Argyll            Jul 15   79.32%      3,500       8,133    61
        Whisky distillery                                                                                      bottle of its 50 year-old single malt for £50,000
   42 Click Netherfield                                                                                        Partners with a network of distributors to sell
                                              Livingston        Jul 15   76.61%      8,819      11,634   125
 [17] Display case manufacturer                                                                                display cases to museum galleries worldwide
        Seven Technologies Group                                                                               Has developed surveillance technology to help
  43                                          County Antrim     Sep 15   75.06%     12,460      15,377   143
        Security technology developer                                                                          prevent poaching in Kenya’s national parks
        Blackrock PM                                                                                           Last year's investment from Dunedin will be used
  44                                          Central London    Oct 15   71.06% *12,795 *16,133           72
        Dispute resolution consultancy                                                                         to open offices in Paris and Singapore
        Agilitas                                                                                               New contracts will help it expand into Norway,
  45                                          Nottingham        Mar 15   69.39%     †1,848      †6,993    75
        IT services provider                                                                                   Sweden and Ireland this year
   46 Coryton Advanced Fuels                                                                                   Provides specialist high-performance fuels to
                                              Essex             Jun 15   67.23%      6,600      11,722    25
 [66] Specialist fuel manufacturer                                                                             global clients such as Ford, BMW and Airbus
        Chemist 4 U                                                                                            Treatments for hair loss and bad breath are among
  47                                          Lancashire        Sep 15   66.22%     *4,133 *16,940        48
        Online pharmacy                                                                                        the 16,000 parcels this firm dispatches each day
        UK Gas Technologies                                                                                    Has installed purified water generation systems
  48                                      Redhill               Mar 15   65.31%      3,260       8,447    30
        Specialist engineering contractor                                                                      as far afield as the Faroe Islands and Bangladesh
        Simworx                                                                                                Its 4D cinema at New Zealand’s Antarctic Centre
  49                                          West Midlands     Dec 15   62.02%     *4,780      *9,622    27
        Special effects developer                                                                              includes wind, snow and water spray effects
        Grenade
  50                                          Coventry          Dec 15   61.49%     *4,356      *8,550    16 Exports to markets as diverse as Brazil and Iraq
        Sports nutrition developer

* Supplied by company   † Annualised figure

© 2016 SME Export Track 100                                                                                                                   fasttrack.co.uk
SME Export Track 100 research report 2016                      15

2016 SME EXPORT TRACK 100 LEAGUE TABLE

                                                                     2-year av       Int'l      Total
Rank Company                                                         int'l sales    sales       sales
[2015] Activity                               HQ location       FYE growth pa       £000        £000    Staff Comment

        NMS International Group                                                                               Last year it won a £166m contract for up to
  51                                          Northamptonshire Apr 15   61.31%     17,219      17,219    20
        Construction consultancy & contractor                                                                 10,000 affordable housing units in Cameroon
        Equator Design                                                                                        Designed own-label packaging for Aldi US and
  52                                          Manchester       Dec 15   60.87%     *8,966     *16,023   242
        Food packaging consultancy                                                                            Ireland
   53 Séraphine                                                                                               Princess Sofia is the second Swedish royal to
                                              Central London   Mar 15   60.81%      6,990      11,170    67
 [79] Maternity clothing retailer                                                                             wear a Séraphine maternity dress
        Search Laboratory                                                                                     Runs "cultural days" for staff, where foreign
  54                                          Leeds            Oct 15   60.66%      2,054       9,084   128
        Online marketing agency                                                                               employees give a talk and bring local foods to work
        Red Paddle Co                                                                                         Says it has an 18% share of the global market for
  55                                   Devon                   Feb 15   58.37%     *4,344      *7,543    14
        Watersports equipment designer                                                                        inflatable paddleboards
        Xceed                                                                                                 Specialises in integrating IT systems for Wall
  56                                          Central London   Nov 14   57.00%      3,202      15,870    99
        IT management consultancy                                                                             Street clients undergoing a merger
   57 European Braking Systems
                                              Manchester       Mar 15   56.93%      9,095      18,162    61 Has a truckparts subsidiary in Wuhan, China
 [59] Vehicle brakes wholesaler
   58 Stateside Skates                                                                                        Its action sports equipment is made in China and
                                              Amersham         Jan 15   56.84%      4,200       9,140    21
 [47] Sports goods distributor                                                                                Taiwan, and sold across Europe
        TestPlant                                                                                             Last October it opened its 5th overseas outpost
  59                                     Central London        Dec 14   56.76%      5,848       7,403    55
        Software testing tools developer                                                                      in Philadelphia to be near East Coast tech firms
        REPL Group                                                                                            Has offices in the US, Canada, Australia and
  60                                          Warwickshire     Mar 15   56.57%      2,565       9,331   123
        IT consultancy                                                                                        Singapore
        Webster + Horsfall                                                                                    Made the first transatlantic telegraph cable in
  61                                          Birmingham       Jun 15   56.08%      2,352       8,803   114
        Wire & cable manufacturer                                                                             1866, which used 30,000 miles of wire
        Helipebs Controls                                                                                     A Chinese language website has helped this
  62                                    Gloucester             Mar 15   55.93%      2,814       7,292    76
        Hydraulic cylinder manufacturer                                                                       manufacturer win customers in the Far East
        Sladmore Gallery                                                                                      Has sold work by French artists Rodin and Degas,
  63                                          Central London   May 15   54.96%     10,832      13,891     7
        Art gallery                                                                                           and customers include Arnold Schwarzenegger
        Sabichi                                                                                               Bright colours and low prices help it sell to West
  64                                          Middlesex        Oct 14   54.28%      2,532      11,836    67
        Homeware designer & retailer                                                                          Africa, Dubai and Australia
   65 Sygnature Discovery                                                                                     Will move into £30m purpose-built labs in
                                              Nottingham       Mar 15   53.83%      5,310      11,407   113
 [50] New drug researcher                                                                                     Nottingham's bioscience incubator, BioCity, in 2017
        Tomorrow                                                                                              Promotes new fashion brands at its 20,000 sq ft
  66                                          East London      Dec 15   51.82% *14,975 *17,155           46
        Designer brands wholesaler                                                                            showroom in Paris during the city's fashion weeks
        Forest Boards
  67                                          Guildford        Mar 15   50.55%      2,237       6,612     4 Sources its wood from Chile
        Timber exporter
   68 Flixmedia                                                                                               Helps global brands, including Microsoft, Google
                                              North London     Mar 15   50.15%      6,897       6,967    85
 [80] Digital marketing platform                                                                              and Samsung, manage digital content
   69 Parallel Consulting                                                                                     Plans to expand in the US next year by opening
                                              Central London   Dec 14   49.65%      7,637      24,396    81
 [15] Recruitment consultancy                                                                                 offices on the East Coast
        Global Infusion Group                                                                                 Provided catering for Lenny Kravitz in Los
  70                                          Buckinghamshire Dec 15    48.27%     *9,059 *17,675       130
        Events caterer                                                                                        Angeles, and Lady Gaga on tour in Hong Kong
        Wool Overs                                                                                            Its knitwear has been popular in France,
  71                                          West Sussex      Mar 15   45.61%     10,536      24,299   107
        Knitwear retailer                                                                                     Germany and Russia
        Plextek                                                                                               In January it spun-out its subsidiary, Telensa, which
  72                                          Cambridgeshire Mar 15     45.11%      7,911      21,679   123
        Electronics design consultancy                                                                        has sold its street lights to more than 8 countries
        Oxford Plastics                                                                                       75% of its products are made from recycled
  73                                          Oxfordshire      Mar 15   43.89%      3,589      16,866    92
        Safety barrier manufacturer                                                                           materials
   74 Open Destinations
                                              North London     Dec 14   43.16%      4,038       7,147    35 Has a research and development team in Goa
 [54] Travel software developer
        Vermilion                                                                                             This January it won a deal to sell its Japanese
  75                                          Central London   Mar 15   42.31%     *3,652      *6,983    50
        Financial software developer                                                                          language software to an asset manager in Tokyo

* Supplied by company   † Annualised figure

© 2016 SME Export Track 100                                                                                                                  fasttrack.co.uk
SME Export Track 100 research report 2016                         16

2016 SME EXPORT TRACK 100 LEAGUE TABLE

                                                                     2-year av       Int'l      Total
Rank Company                                                         int'l sales    sales       sales
[2015] Activity                               HQ location       FYE growth pa       £000        £000    Staff Comment

        Desco                                                                                                 Helped refurbish the Bank of Qatar’s retail
  76                                          Sunderland       Mar 15   42.31%      2,428       7,007    66
        Engineering consultancy                                                                               branches
   77 Mind Gym                                                                                                Uses psychological techniques to help staff at
                                              West London      Mar 15   42.30%     11,468      19,834   141
 [16] Corporate learning provider                                                                             Starbucks and Versace improve their performance
        ASE Global                                                                                            Exports will be boosted by last August's
  78                                          Manchester       Dec 14   42.12%     10,832      16,984   196
        Car dealership consultancy                                                                            acquisition of Austrian software firm E-Dentity
   79 Apical                                                                                                  Its microchip technology is used in more than
                                              Central London   Mar 15   41.56%     16,615      16,615    64
 [38] Imaging technology developer                                                                            one billion mobile devices
        Group IMD                                                                                             Last July it bought a Shanghai-based video
  80                                         Central London    Dec 14   41.09%      8,022      17,025   152
        Video advertising software developer                                                                  advertising firm
   81 Safeguard World International                                                                           It opened an office in Budapest in August to
                                    Cheshire                   Dec 14   40.95%      5,781      19,641   242
 [12] Payroll services provider                                                                               service its customers in Europe
   82 British Corner Shop                                                                                     Exports baked beans and other British foods to
                                              Bristol          Mar 15   40.91%     *7,055      *7,616    45
 [91] British food exporter                                                                                   expats in 138 countries
        bluesource                                                                                            Manages the IT infrastructure for the WWF,
  83                                          Central London   Sep 15   40.76%      7,204      20,270   103
        IT consultancy                                                                                        which has 100 offices in more than 80 countries
   84 Brian James Trailers                                                                                    Its trailers are used by World Rally teams and
                                              Daventry         Jul 15   40.62%      6,437      13,696    96
 [64] Trailer manufacturer                                                                                    high-end car marques, such as Mercedes-Benz
        McGavigan                                                                                             Investment from Maven Capital Partners in 2011
  85                                     Glasgow               Dec 15   40.45%     18,776      19,332   324
        Decorative plastics manufacturer                                                                      funded a new factory in China
        Casdon                                                                                                Replica vacuum cleaners helped this toy-maker
  86                                          Blackpool        Apr 15   40.45%      3,146       7,725    16
        Toy maker                                                                                             grow sales in Japan
        SFD                                                                                                   Opened an office in New York after winning a
  87                                          Watford          Sep 15   39.45%     *8,214     *23,336    80
        Retail interior designer                                                                              contract to fit-out Gap's US stores
   88 A-Safe                                                                                                  Is installing its barriers at Volkswagen’s new
                                              Halifax          Dec 15   37.94% *12,536        *19,680   154
 [33] Safety barrier manufacturer                                                                             logistics centres in Ohio and Germany
        Mofilm                                                                                                Its filmmakers’ work has been shown during US
  89                                     Central London        Dec 14   36.62%     *8,528     *10,667    58
        Crowdsourcing advertising agency                                                                      Super Bowl ad breaks
        Weatherbys                                                                                            Is investing in developing its DNA and genomic
  90                                          Wellingborough   Dec 14   36.56%      6,331      21,721   281
        Horse racing                                                                                          testing laboratory in County Kildare, Ireland
        Cosatto                                                                                               Its colourful pushchairs, highchairs and car seats
  91                                          Bolton           Aug 15   36.30%      4,293      14,886    55
        Pushchair manufacturer                                                                                have been popular in Europe and China
        Kent Brushes                          Hemel                                                           Has been exporting its handmade clothes and
  92                                                           Dec 14   36.03%      1,968       5,767    40
        Brush manufacturer                    Hempstead                                                       hair brushes to Asia since 1903
   93 Sanglier                                                                                                The company's name 'Sanglier' means 'wild boar'
                                       Nottinghamshire Apr 15           35.14%      2,694      11,413    45
 [37] Chemicals packaging manufacturer                                                                        in French
   94 SCM World                                                                                               Condolezza Rice was the keynote speaker at its
                                              Central London   Dec 15   35.00%     *7,667      *7,888    50
 [75] Specialist training provider                                                                            Leaders Forum in California last year
   95 Potters Poultry                                                                                         Sells chicken breeding equipment to the supplier
                                              Rugby            Mar 15   34.94%      2,467      10,864    44
 [65] Poultry equipment supplier                                                                              of all KFC outlets in the Philippines
        Kit for Kids                                                                                          Its educational and babycare products are sold
  96                                     Kent                  Feb 16   34.76%     *2,306      *7,800   130
        Children's products manufacturer                                                                      in more than 220 stores in the Middle East
        Laser Quantum                                                                                         Its €500,000 lasers are used by scientists
  97                                          Stockport        Sep 14   34.31%     12,615      12,985    97
        Laser technology developer                                                                            globally, from Silicon Valley to Japan
        Synectics Solutions                                                                                   Employs more than 45 software developers at its
  98                                          Staffordshire    Aug 15   34.26%      3,856      13,139   290
        Specialist software developer                                                                         Staffordshire headquarters
        Heatherwick Studio                                                                                    Is designing Google's new headquarters in
  99                                          Central London   Mar 15   33.64%     11,468      14,359   152
        Architect & designer                                                                                  Mountain View, California
        Micro Systems                                                                                         Has manufacturing plants in Vienna and
 100                                          Warrington       Dec 14   33.20%      5,764       9,823    56
        Medical device manufacturer                                                                           Singapore

* Supplied by company   † Annualised figure

© 2016 SME Export Track 100                                                                                                                  fasttrack.co.uk
SME Export Track 100 research report 2016          17

                              METHODOLOGY

                              Qualification criteria
                              Companies were ranked on their compound annual growth rate
                              (CAGR) in international sales over their latest two years of available
                              accounts, from 2012 to 2014, 2013 to 2015 or 2014 to 2016.

                              International sales were defined as declared non-UK revenue.
                              Of the 100 companies on the league table, 21 had financial years
                              ending in 2014, 77 had financial years ending in 2015 and two had a
                              financial year ending in 2016.

                              Limitations: The research is based on the limited available data
                              on international sales. Many firms file abbreviated accounts, and
                              some firms that file full accounts do not disclose a geographical
                              breakdown of sales on the grounds that it will be prejudicial to their
                              interests.

                              Qualification criteria also included:
                              •   UK-registered, independent, unquoted and ultimate holding
                                  companies
                              •   Base year international sales greater than £150,000
                              •   Total sales of £5m to £25m in latest year
                              •   International sales greater than 20% of total sales in latest year
                                  i.e. greater than £1m international sales
                              •   No drop in international sales from penultimate to latest year
                              •   At least 25 trading weeks in latest and base year (trading on
                                  periods different from 52 weeks were annualised on a simple
                                  straight pro-rata basis)

                              Research approach
                              The main research was conducted by Fast Track primarily between
                              November 2015 and April 2016. Companies were selected from a
                              database of 2m private limited UK companies after extensive desk,
                              telephone and case study research. The majority of the companies
                              were interviewed.

© 2016 SME Export Track 100                                                            fasttrack.co.uk
SME Export Track 100 research report 2016        18

                                       SPONSOR & MEDIA PARTNER
                                       Fast Track would like to thank our headline sponsor Heathrow
                                       Airport and supporter Exporting is GREAT, for their support of
                                       the league table in its second year.

                                       The sponsors do not endorse, guarantee or recommend investment
                                       in any of the companies.

                                       Sponsor

                                       Heathrow Airport is the headline sponsor of SME Export Track 100
                                       for 2016.
                   John Holland-Kaye
                   Chief executive     Heathrow, the UK’s hub airport, is home to more than 80 airlines
                                       connecting to more than 180 destinations. Every year Heathrow
                                       welcomes over 75 million passengers with a commitment to ‘making
                                       every journey better’.

                                       By providing passengers with frequent and direct connections,
                                       millions of people rely on us every day to visit friends, take
                                       holidays, reunite families or simply get their business done. These
                                       connections drive the UK economy by connecting British businesses
                                       to the world’s established and emerging markets. In today’s global
                                       economy, our success is Britain’s success.

                                       Heathrow is also Britain’s most important port, carrying more freight,
                                       by value, than any other UK airport. Air Freight accounts for 40%
                                       of the UK's imports and exports and most of that comes through
                                       Heathrow.

                                       Following an investment of more than £11bn over the past 10
                                       years, passengers have voted Heathrow the ‘Best Airport in Western
                                       Europe’ for the second year in a row, ‘Best Airport Terminal’ for
                                       Terminal 5 for the fifth year in a row and ‘Best Airport for Shopping’
                                       seven years in a row. With over 75,000 people working at Heathrow,
                                       the airport is one of the UK’s largest single site employers while
                                       also supporting the local and national economy by working with our
                                       airlines, suppliers and other business partners throughout the UK.

                                       your.heathrow.com/takingbritainfurther

© 2016 SME Export Track 100                                                                   fasttrack.co.uk
SME Export Track 100 research report 2016      19

                                         The ‘Exporting is GREAT’ campaign is supporting this year's
                                         SME Export Track 100.

                                         Launched in November last year by the Minister for Trade and
                                         Investment, Exporting is GREAT is a five year programme to enable
                                         100,000 additional companies to export by 2020.

                                         The campaign presents live export opportunities to businesses and
                                         provides advice and expertise to support them at every step of their
                                         international journey.

                                         exportingisgreat.gov.uk

                                         Media partner

                                         The Sunday Times has been Fast Track's media partner for all
                                         19 years.

                                         The Sunday Times is Britain’s No 1 newspaper for business, and the
                                         leading broadsheet newspaper attracting over three million readers
                     Dominic O'Connell
                     Business editor
                                         every week. More than half (54%) of the business elite read The
                                         Sunday Times, a greater market share than any other publication,
                                         according to the latest Ipsos survey.

                                         thesundaytimes.co.uk

© 2013
  2016 SME
        Fast Export
             Track 100
                    Track 100                                                         www.fasttrack.co.uk
                                                                                             fasttrack.co.uk
SME Export Track 100 research report 2016          20

                              ABOUT FAST TRACK
                              Compiler & publisher

                              Hamish Stevenson owns and runs Fast Track, which he founded
                              in 1997 after securing cornerstone sponsorship from Richard
                              Branson. He works closely with leading entrepreneurs, sponsors
                              and media partners to try to ensure their expectations are
                              exceeded, and that they remain engaged with the alumni network.

                              He is an associate fellow at Green Templeton College, Oxford
                              University, where he completed his masters and doctorate in
                              management studies and subsequently set-up and held the Virgin
                              research fellowship in entrepreneurship.

                              The authors
                              Richard Tyler leads Fast Track’s research and editorial, working
                              closely with sponsors and companies within our network.

                              He was the enterprise editor of The Daily and Sunday Telegraph
                              for nine years, covering private companies and government policy
                              towards business. He trained in journalism at Euromoney, part
                              of The Daily Mail & General Trust, after completing his degree at
                              Manchester University.

                              Claire Wheeler is responsible for managing the SME Export
                              Track 100 research.

                              She trained as a chartered accountant with Deloitte in its
                              financial services tax department in London. She has a degree in
                              geography from Durham University.

© 2016 SME Export Track 100                                                          fasttrack.co.uk
SME Export Track 100 research report 2016        21

                              Fast Track
                              SME Export Track 100 is compiled by Fast Track, the UK's leading
                              face-to-face networking events and research company, which ranks
                              top-performing private companies and entrepreneurs.

                              Fast Track has compiled league tables on private companies in
                              partnership with The Sunday Times for the last 19 years.
                              It publishes six other annual league table awards programmes:

                              		Tech Track 100 ranks Britain's private TMT companies with the
                                 fastest-growing sales
                              		Fast Track 100 ranks Britain’s private companies with the
                                 fastest-growing sales (excluding tech companies)
                              		International Track 200 ranks Britain's mid-market private
                                 companies with the fastest-growing international sales (total
                                 sales over £25m)
                              		Profit Track 100 ranks Britain's private companies with the
                                 fastest-growing profits
                              		Top Track 250 ranks Britain’s leading mid-market private
                                 growth companies with the biggest sales (£140m to £650m)
                              		Top Track 100 ranks Britain’s private companies with the
                                 biggest sales (£650m to £20bn)

                              Fast Track is based in Oxford with 23 staff, and a network of
                              freelance researchers.

                              CONTACT DETAILS
                              Fast Track
                              Angel Court
                              81 St Clements Street
                              Oxford
                              OX4 1AW

                              Tel:       01865 297 100
                              Fax:       01865 297 001

                              Email:     info@fasttrack.co.uk
                              Web:       www.fasttrack.co.uk
                              twitter:   @ST_SMEexport

© 2016 SME Export Track 100                                                       fasttrack.co.uk
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