Deloitte’s Fast 50 indices for 2022 were announced in October with Tauranga-based legal matter and contract management software company LawVu taking out the regional award for the fastest growing technology business, and Mount Maunganui e-motorbike manufacturers UBCO winning the regional award for fastest growing retail and consumer products business.
LawVu also placed ninth nationally with a growth revenue over the past three years of 435%, and UBCO followed closely in eleventh place and a growth revenue of 365% over the same period.
Also featuring on the index were hand-crafted meat manufacturers Beard Brothers (268%) and Nibblish (245%), both based in Hawkes Bay, New Plymouth medical imaging practice Absolute Radiology (239%) and Palmerston North recruitment company Action Personnel (229%).
The annual Deloitte Fast 50 index ranks businesses experiencing rapid revenue growth over three years and sets the benchmark for high growth businesses in New Zealand.
Auckland-based game design, development and publishing studio Legend Story Studios Trading took out the number one spot on the 2022 index with an unprecedented 6416% revenue growth.
“This year we’ve seen a number of organisations catapult to the top of the Fast 50 index, as well as the highest growth percentage we’ve ever seen,” said Bill Hale, Deloitte Private partner.
“It’s clear that some organisations have continued to thrive despite some tough economic times in recent years and have shown that what would have once been thought impossible, is indeed possible. It has also been interesting to see the mix of industries featured on the indices this year, with retail, technology, industrial products and construction, and food and beverage seeing particular growth.”
Bay of Plenty business Sea Containers NZ featured on the Master of Growth index which ranks the 20 fastest growing established businesses achieving longer term sustained growth.
It ranks businesses starting from a larger revenue base, and over five years of revenue growth.
“The Deloitte Fast 50 is a celebration of fast-growing Kiwi businesses right across the country, of all shapes and sizes. And once again, has showcased the innovators and entrepreneurs of New Zealand business who have, against the odds, adapted to thrive in the current market,” concluded Mr Hale.
To learn more about the Deloitte Fast 50 programme and all of this year’s winning companies, visit www.fast50.co.nz
