Fastest-growing companies in the UK revealed

The eighth annual FT1000 rankings is based on revenue growth in the three years to 2022

UK-based e-commerce company Modern Milkman was the fastest-growing company in the UK between 2019-2022, a report has revealed.

The eighth annual FT1000 rankings by the Financial Times and Statista is based on revenue growth in the three years to 2022.

Modern Milkman, an e-commerce startup, came out on top with an annual compound growth rate of 322.3 per cent. The company offers dairy products in plastic-free packaging and returnable glass bottles.

The survey included 2021, which saw record-breaking investment into companies. Equity investment in small UK businesses almost doubled in that year, hitting a record £18.1bn across 2,616 deals.

The fastest growing company Europe-wide was Czech-based Raylyst Solar, which distributes solar panels across the continent. The company recorded an annual compound growth rate of 824.4 per cent.

The second fastest growing company in the UK is recruitment company Join Talent, which recorded a compound growth rate of 296.8 per cent. The company offers a recruitment solution to clients that adapts to peaks of demand for talent throughout the year.

Join Talent’s founder, Katrina Hutchinson O’Neill said she was initially denied support from a female entrepreneur-focused support group because they didn’t consider the company to have ‘hyper-scale potential’.

“We have defied those expectations, but how many others have been held back?” she said. “Over the coming years I want to do everything I can to provide better access to support for other entrepreneurial women who come after me than I experienced – and I hope as a result they make even more of a success of it than we have.”

Here is the list of the UK’s top 20 fastest growing companies. The full FT1000 featuring all European businesses can be viewed here.

Company SectorGrowth (%)
Modern MilkmanEcommerce322.3
Join TalentRecruitment296.8
Silverstream Technologies Scientific & Technical243.5
Index.devSoftware & IT225.5
Movo PartnershipFintech218.3
ChampoPharma & cosmetics216.4
The AllianceMedia & telecoms212.0
ArbolusScience & tech194.8
OnlyFansMedia & telecoms182.0
Jeton WalletFintech 179.1
McGill & PartnersFintech178.0
SolidatusIT & software164.0
Bold Security GroupScience & tech163.0
HNB ConstructionConstruction156.4
IplicitIT & Software155.2

More on fastest-growing companies

A guide to the London tech hubMore than a third of all Europe’s tech giants are based in London with the sector accounting for one in five jobs in the city

UK’s fastest-growing companies revealed 2023The seventh annual FT1000 rankings is based on revenue growth in the three years to 2021

Dom Walbanke

Dom Walbanke

Dom is a feature writer for Growth Business and Small Business, focused on matters concerning start-ups and scale-ups. He has also been published in the Independent, FourFourTwo magazine and various lifestyle...

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