Waikato firms among fastest growing
Waikato businesses Sportsfuel and Reduced to Clear have made this year’s Deloitte Fast 50 index of New Zealand’s fastest growing businesses.
The index ranks the top 50 businesses according to their revenue growth over the past three years and sets the benchmark for high growth businesses in New Zealand.
Sportsfuel is a Hamilton-based sports supplement business and dhgrocery clearance retailer Reduced to Clear opened its first store in the city.
Both businesses exceeded 154 per cent growth this year, the benchmark to qualify for the index.
Deloitte Hamilton partner Doug Wilson said it was great to see local companies make the Fast 50.
‘‘The conditions have been pretty tough for the Waikato economy over the past few years, so it is encouraging to see businesses meet the challenge and show positive growth. It is testament to the management of each of these companies, and all our entrants,’’ Wilson said.
‘‘We’ve seen a clear trend from our Deloitte Fast 50 winners this year. They are all incredibly focused on their clients and key stakeholders. The focus to exceed clients’ expectations means that for many companies, they have created the most powerful sales force a business could hope for.’’
The number one ranking on this year’s Fast 50 was Auckland-based ndependent electricity retailer, Pulse Utilities NZ, recorded growth of 2637 per cent.
The 2012 group of Deloitte Fast 50 businesses grew the New Zealand economy by $637 million in the past three years and created 1376 jobs.
For the full Fast 50 index, go fast50.co.nz
The Deloitte Fast 50 Top 10:
Revenue growth over three years:
1. Pulse Utilities: 2637 per cent
2. PowerKiwi: 1916 per cent
3. McCashin’s Brewery: 1836 per cent
4. Night ‘n Day Foodstores: 952 per cent
5. Konnect Net: 906 per cent
6. 2degrees Mobile: 538 per cent
7. Powershop NZ: 529 per cent
8. Xero: 513.5 per cent
9. Mediacom: 488 per cent
10. Ecoya: 480 per cent
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