Foot to the floor: our fastest growing companies

The Deloitte Fast 50 index ranks the top 50 businesses in New Zealand by their revenue growth over the past three years. Entrants are required to be New Zealand registered companies, have been in business for minimum of three years, and have had operating revenue of at least $300,000 in the 2007/08 financial year.

To make the 2010 Deloitte Fast 50, companies had to achieve growth of 161%, slightly up on last year’s benchmark of 145%, while growth of at least 523% was required to make the top 10 on the index.

Fast 50 first place getter Telecom Rentals was formed just four years ago to fill perceived gap in the financing market – providing finance for telco and IT solutions. The wholly-owned subsidiary of Telecom NZ finances everything from laptops to datacentres including service, software, design and installation.

National leader of the Fast 50 programme, Deloitte partner Matt McKendry, says the company displays all the hallmarks of past winners of the Fast 50: it identified gap in the market when finance companies were falling by the wayside, developed the right team and focused on its niche in the market to achieve impressive revenue growth.

This year’s list features 15 returning companies, with fifth place getter Next Window defying normal economic and market gravity by making the list for remarkable fifth consecutive year. The Auckland-based designer of touch screen technology first appeared on the 2006 list with growth rate of 325% then steadily lifted its performance to this year’s 905%. The only other company to appear five times during the list’s history was TradeMe. Also back this year for the fourth year was Synlait and Mojo Coffee for the third. For the full 2010 Deloitte Fast 50 index, go to [email protected]

For more on what it takes to be successful “accelerator” company, see Geoff Ross’ Last Word at the end of the newsletter.

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