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Nostrum named in Sunday Times Hiscox Tech Track 100 PDF Print E-mail
Monday, 07 September 2015

For the second year in succession, Harrogate based loan management software provider Nostrum Group has been named in The Sunday Times Hiscox Tech Track 100.

The Tech Track 100 ranks Britain’s private technology, media and telecoms (TMT) companies with the fastest growing sales over a period of three years. Nostrum reported growth of 53% in the 3 years period used for this year’s table. The firm is one of only two Yorkshire-based businesses to feature, and is one of 11 companies from the financial technology sector, commonly referred to as FinTech.
 
Richard Carter, Chief Executive at Nostrum, said: “We are delighted to once again feature in the Tech Track 100. Since last year’s unveiling of the list we have reported record financial results and increased our headcount by 35% and we are very proud to be recognised as one of the UK’s fastest growing technology businesses.”
 
Carter continues: “Although we are part of the much talked about FinTech sector, we’ve actually been trading since 2001. This differentiates us from the vast majority of FinTech companies, who tend to be relatively new businesses. I feel that earning our place on this list is a measure of how we have evolved our business and technology in recent years to meet the changing demands of our lender clients and their customers in the digital age in financial services.”
 
Commenting on the table for 2014, Steve Langan, CEO of Hiscox Insurance Company, said:
 
“Tech is one of this country’s most exciting sectors right now. It’s a phenomenal success story with impressive growth and innovation that has shown the UK deserves its position as a tech hub. There is much that other sectors could – and should – learn from UK tech, particularly when it comes to staying relevant and being agile. Every single one of this year’s Tech Track 100 businesses has made an important contribution to its sector and the wider economy, and that’s something to be immensely proud of.”
 
The Tech Track 100 league table and awards programme is sponsored by Hiscox, Barclays, BDO and Business Growth fund and is compiled by Fast Track, an Oxford-based research company. This year’s list achieved, on average, sales growth of 86% a year over the last three years of accounts, from a combined total of £419m in 2011/12 to £2.4bn in 2014/15. They grew their workforce to almost 13,000, having added more than 9,000 jobs over the period, some as a result of acquisitions.
 
Over the last two financial years Nostrum has reported a 137% increase in its revenues and last year was named in the Deloitte UK Technology Fast 50 and the Deloitte European Technology Fast 500, as well as the Northern 50, and the London Stock Exchange’s ‘1000 Companies to Inspire Britain’.
 
In August Nostrum was granted full FCA authorisation and permissions in respect of the regulated activities it conducts on behalf of its clients.

(Source - Nostrum Press Release)
 

 
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