The 18th annual Sunday Times Virgin Fast Track 100 league table ranked OVO Energy as Britain’s 10th fastest-growing private company, and the top company in the South West region.
Stephen Fitzpatrick, founder and CEO explains: “We’ve grown incredibly fast and we’re really proud of that. We’ve doubled our workforce, grown our customer care team by 150% and tripled our customer numbers this year alone.
“This is testament to the dedication of the team at OVO and while we are very pleased to receive this accolade, we recognise we still have a lot of hard work ahead of us to ensure we remain on track to achieve what we set out to do – to build a business solely focused on the customer and to become the most trusted energy supplier in the UK.”
The 100 companies – including fashion retailer Victoria Beckham and cycling clothing brand Rapha – grew their sales over the last three years by an average of 71% a year to a total of £3.8bn. Together they employ 18,500 staff, having added 13,500 jobs over the period.
Sir Richard Branson of Virgin, the title sponsor for all 18 years, commented:
“This year’s Fast Track 100 is packed full of examples of entrepreneurs taking on many different challenges head-on. Their success is based on real team spirit and it is this togetherness, above and beyond any other factor, that sets great businesses apart from also-rans. The Fast Track 100 are testament to that spirit of creativity and camaraderie.”
The Fast Track 100 league table and awards programme is sponsored by Virgin, Barclays, BDO and BGF, and is compiled by Fast Track, the Oxford-based research and networking events company.