Leeds Anti-Money Laundering (AML) firm SmartSearch is officially one of the fastest-growing tech companies in Britain after being named in the Sunday Times Tech Track 100.
The Sunday Times Hiscox Tech Track 100 league table ranks Britain’s 100 private tech companies with the fastest-growing sales over their latest three years.
It is compiled by Fast Track and published in The Sunday Times each September; the 19th annual list will be revealed in full this weekend.
SmartSearch has been placed 86th in the list following average sales growth over the past three years of 56% to £8.1m.
The Ilkley based firm is one of just five companies from Yorkshire to make the list and the highest-ranked newcomer from the region.
To be included in the list, companies have to be registered in the UK and be independent, unquoted and ultimate holding companies. They are ranked according to the compound annual growth rate in sales over the latest three years; annualised sales have to exceed £250,000 in the base year and £5m in the latest year.
John Dobson, CEO at SmartSearch said: “2019 has been our most successful year to date; so far this year we have onboarded almost 300 clients, adding more than 3,700 new users to the platform – to take the total clients to over 4,000 and users to 38,000.
“We knew that we had grown significantly over the past three years, but to see just how well we have done compared to our peers is fantastic. The fact we are now officially the 86th fastest-growing tech firm in Britain and 4th in Yorkshire is a fantastic achievement.”
John concluded: “And, with the 5th anti-money laundering directive stipulating that identity checks should be electronic wherever possible, the demand for our services is only going to increase.”