Of nearly 35,000 companies that meet Beauhurst’s high-growth criteria, and nearly 12,000 active companies that have received equity investment, Zzoomm Full Fibre broadband ranked number 37 out of 200 most valuable growth companies in 2021.
Created by Singer Capital Markets in partnership with data platform Beauhurst, the publication reports on “The UK’s Most Valuable Growth Companies” in 2021, which includes a list of the top 200 UK growth companies by transaction based valuations.
According to Singer Capital Markets,
“The publication addresses the phenomena of private growth companies that have achieved significant valuations over the last three years (2018–2021), whilst examining why private companies are remaining private for longer, the resurgence of IPO activity in creating a record year for public market activity, and why the UK remains a hotspot for high-growth companies seeking investment.”
Tim Cockroft, Founder and CEO at Singer Capital Markets explains:
“For UK private companies, the future appears to be brighter than ever. We are delighted to see the UK private company market in such great health…There is a wealth of experience looking to help these companies mature into market leaders.”
There are many ways to choose to measure growth, but to make it into Beauhurst’s Top 200 league table, each company must meet the following criteria:
- Raised equity funding
- In the seed, venture or growth stage of evolution
- Reported a turnover of at least £100k in 2019
- Be a private company headquartered in the United Kingdom
- Have comparable accounting periods between 2019 and 2020
Despite launching in just 2019, Zzoomm appear amongst some of the UK’s most successful private companies that span a wide range of sectors, from financial services and mobile apps, to food & drink processors and pharmaceutical firms.
Representing the “Fixed line” and “Internet and networking hardware” categories, Zzoomm topped the leaderboard, despite being alongside well established Internet Service Providers, Gigaclear and Toob.
|Internet Service Provider||Beauhurst Top 200 Ranking|
Zzoomm completed another financing round in September, from a consortium of international banks led by ING Bank, with Hamburg Commercial Bank and Kommunalkredit Austria.
This investment is a £100m debt facility, allowing Zzoomm to accelerate the rollout of Full Fibre broadband networks. Further expansion across the towns and cities of Hereford, Thirsk, Sandhurst, Crowthorne, Cannock, Crewe and Northallerton are underway.
Chief Executive of Zzoomm Full Fibre broadband, Matthew Hare said:
“Zzoomm was created with a simple task – to build a Full fibre broadband network fit for the future, for everyone, right now. It’s an exciting time for us as we expand our network to towns all across the UK, with growth plans to reach over 80,000 homes by the end of 2022. We have high ambitions and even higher determination, which is reflected in the rate of expansion we are undergoing, so it’s invaluable to us to be recognised with such an accolade.”
To view the full criteria and Top 200 listing, please click here.
To find out more about Zzoomm Full Fibre broadband, click here.