Strong showing for region’s companies in Sunday Times’ fastest-growing companies list

AYBL
AYBL

Women’s sportswear brand AYBL, founded in 2018 by brothers Reiss and Kristian Edgerton in Redditch, Worcestershire, tops the Sunday Times Top 100 Fastest-Growing Companies in Britain Today listing, released yesterday.

Achieving an annual sales growth of more than 359 per cent, the company which provides affordable sportswear, reported sales of £23.5 million in its most recent financial year.

And it’s just one of a roster of regional brands in the Top 100 listing.

According to the Sunday Times, Reiss Egerton started AYBL with his brother Kris from their rented house in Bromsgrove, packing orders in the evening while running their watch-importing business Tayroc, during the day.

Remind you of anyone? Hello Gymshark! Gymshark was launched in 2012 in Redditch by the then 19 year old Ben Francis. Buoyed by growing international sales, Gymshark’s net revenue totalled £401.9 million up from £260.7 million the previous year.

But back to this year’s Fastest-Growing Companies list. Second on the 2022 list is Screen With Envy, an online retailer of decorative garden and indoor screens, fences and gates, revealed further international expansion plans earlier this year following its refinancing with Santander UK.

The company reported annual sales growth of ore than 262 per cent with sales of more than £14.5 million.

Earlier this year Santander UK provided Aylesbury-based Screen With Envy a £3.75 million funding package. The funding enables the business to refinance existing debt, free up its cashflow and supports it with importing materials from overseas used in the production of its products.

Screen With Envy was founded in 2017 by Sophie Birkert, who began designing garden screens when she identified a gap in the market for products that were stylish, decorative and durable. At the time she founded the company, she was pregnant with her third child and decided she would turn her hand to running her own business rather than return to her demanding job in the City of London. Five years on, Screen With Envy has a multi-million pound annual revenue, which has grown by more than 800 per cent over the past two years, and employs a staff of 73.

At No 6 is Lounge Underwear, based in Solihull. Lounge was founded in 2016 by chief brand officer Melanie Marsden, 28, and chief executive officer Daniel Marsden. The company reported annual sales growth of more than 214 per cent and sales of £62.5 million.

Coming in at lucky 13 is Boxraw. Boxraw, which is currently based at the Quadrant in Coventry city centre, was founded in 2017 and provides sportswear and equipment for boxing and has developed the world’s most comprehensive machine learning model for boxing training, based on the largest data set of boxers ever captured. The company reported annual sales growth of more than 156 per cent and sales of almost £6 million.

At no 20 is Oxford-based Oodle Car Finance. Launched in 2016, Oodle is aiming to change the way people buy used cars. With an annual sales growth of more than 121 per cent, the company reported sales of more than £84 million.

Bath-based games media group Network N sits at number 42, with annual sales growth of more than 76 per cent and sales of nearly £27.5 million.

At 71 is another Bath-based company: Curious Universe. Curious Universe creates innovative and exciting products in the arts and crafts, books, sationery and toys areas. It designs, produces and sell more than 20 million products every year in 38 languages throughout 77 different countries. Annual sales growth was more than 55 per cent and sales were more than £26 million.

Bath companies are performing well in this listing. at No 82 is water, electrical and mechanical engineering company Northavon Group.

The company posted an annual sales growth of more than 49 per cent and sales of more than £31 million.

Reading-based computer company Securecloud is at No 84, with sales growth of more than 48 per cent and sales of more than £9.4 million.

At No 90 is Gloucester based Golf trolley designer and manufacturer Stewart Golf.

The company reported annual sales growth of more than 46 per cent and sales of more than £6.7 million.

Buckinghamshire based Affinity Fragrances sits at No 96. The company was founded in 2016 by Vishal Karia and is a leading wholesaler of designer fragrance, cosmetics and haircare. The company reported sales growth of more than 45 per cent and sales of nearly £95 million.

At 98 in the list, but with an impressive sales figure, Cheltenham-based modular data centres developer Bladeroom reported sales of more than £97 million and annual sales growth of more than 43 per cent.

The group has built a reputation for the rapid delivery of mission-critical modular facilities – including data centres, healthcare and pharmaceutical facilities – across five continents.

National governments and some of the world’s largest companies have put their faith in BladeRoom’s award-winning data centre technology and over 100 healthcare facilities – including operating theatres, wards and specialist treatment units – have been delivered to the NHS by the group’s ModuleCo business.