Worcestershire business, Gymshark, top the Sunday Times Virgin Fast Track 100 league table

Redditch-based, Gymshark, has been recognised as the fastest growing businesses in the UK, in the Sunday Times Virgin Fast Track 100 league table.

A total of four Worcestershire companies were recognised in the list of the Top 100 businesses, also including Gtech (ranked 24), Lioncourt Homes (ranked 77) and Cruise.co.uk (ranked 91).

Online retailer, Gymshark, used social media to build its brand recognition, helping it to grow sales of its gym clothing by an average of 193% a year to £12.8m in 2016. Its 18 “athletic ambassadors” have 20m followers on social media.

Published on Sunday 4 December, the 20th anniversary edition of the Sunday Times Virgin Fast Track 100 league table ranks Britain’s private companies with the fastest-growing sales.

Since the first league table was published in 1997, Fast Track 100 has featured many of Britain’s most successful companies. They include chip designer ‘ARM’, which was acquired by Japan’s SoftBank for £24bn earlier this year; mobile phone retailer ‘Carphone Warehouse’, which merged with Dixons in 2014 and employs 42,000 people; and fruit drinks maker ‘innocent’, which was sold to Coca-Cola in 2013, in a deal valuing the company at £440m.

The Fast Track 100 is sponsored by Virgin, Barclays, BDO, BGF and Virgin Media Business, and is compiled by Fast Track, the Oxford-based research and networking events firm.

Sir Richard Branson of Virgin, the title sponsor for all 20 years, commented: “For 20 years, the Fast Track 100 has checked the country’s entrepreneurial pulse, and highlighted the best and brightest talents emerging from the UK – this year is no exception. When I started up in business almost 50 years ago, the word entrepreneur wasn’t really known. Now everyone knows entrepreneurs are the job makers and innovation stimulators of the world. More importantly, many, many more people want to join the club, and change business for good.”

The full league table is published today as a 12-page supplement with the business section of The Sunday Times, both in print and in the digital edition, and on the Fast Track website.