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Electric Kiwi takes top ranking on Deloitte Fast 50 index

Press Release – Deloitte

Parkable named as 2018 national Rising Star winner Southbase Construction ranks top of the Master of Growth index 14 November 2018 Auckland-based independent digital electricity company Electric Kiwi has secured the number one spot in the …
Electric Kiwi takes top ranking on 2018 Deloitte Fast 50 index

Parkable named as 2018 national Rising Star winner
Southbase Construction ranks top of the Master of Growth index

14 November 2018 – Auckland-based independent digital electricity company Electric Kiwi has secured the number one spot in the 2018 Deloitte Fast 50 index with a dramatic 3602% revenue growth over the past three years. This is the third time in the history of the New Zealand index that an electricity company has taken out the top slot.

Structural steel frame building specialists Tuatara Structures (1682%), multi-discipline manufacturing firm Vertex Engineers (1144%), producers of sheep milk products, agribusiness company Blue River Dairy LP (938%) and home builders Cambridge Homes (897%) complete the 2018 top five fastest growing companies in New Zealand.

The annual Deloitte Fast 50 index, announced tonight at the Deloitte Festival of Growth, ranks businesses experiencing rapid revenue growth over three years and sets the benchmark for high growth businesses in New Zealand.

The 2018 national Rising Star Award winner, recognising early stage companies who don’t yet qualify for the Fast 50 index, is sharing economy parking business Parkable. The runner-up, labeled Rising Star “One to Watch”, is investment platform Sharesies.

Southbase Construction has taken number one ranking on the second-ever Master of Growth index with 745% revenue growth over the past five years, followed by activity online booking engine experts Bookme (482%) and natural beauty product manufacturers MIX (437%).

Introduced in 2017, the Master of Growth index 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.

Deloitte Private Partner Bill Hale says the Fast 50 programme, now in its 18th year, isn’t just any old business awards programme.

“The Deloitte Fast 50 is a thriving centre for fast growing Kiwi businesses of all shapes and sizes. These innovators, entrepreneurs and pioneers of New Zealand business are accomplishing amazing things for their companies,” says Mr Hale.

“The range of talent we celebrated today at the Fast 50 Festival of Growth shows us that all business types, from right across New Zealand, are excelling. What they have in common is a grounding in enduring business values like strategy, capability and commitment. And they flourish by making the most of their uniqueness and executing on their plans,” concludes Mr Hale.

To learn more about the Deloitte Fast 50 programme, including the Festival of Growth, and all of this year’s winning companies, visitwww.fast50.co.nz.

About the Deloitte Fast 50
The Deloitte Fast 50 index ranks the top 50 businesses in New Zealand according to their revenue growth over the past three years.

Entrants are required to be New Zealand registered companies, have been in business for a minimum of three years, have had operating revenue of at least $500,000 in the 2015/16 financial year (FY16) and supply a full set of financial accounts for FY16, FY17 and FY18.

The exceptions to this are the Rising Star category, which requires the company to have been in business for one full year, with a set of accounts for one full year, and the Master of Growth category, which require the company to have had revenue of at least $5 million in FY14 and a full set of verified accounts for both FY14 and FY18.

All technology businesses which enter the Deloitte Fast 50 are automatically nominated for the Deloitte Technology Fast 500 Asia-Pacific index announced in Hong Kong in December.

2018 Fast 50 key dates:

Online entries open Wednesday 30 May and close Friday 27 July
Regional winners and Fast 50 index (not in ranking order) announced on Wednesday 26 September
2018 Deloitte Fast 50 index (in ranking order) plus national category, Rising Star and Master of Growth winners announced Wednesday 14 November at the Deloitte Festival of Fast Growth

The number one ranked Fast 50 companies since the programme began in 2001 are:

2001: TelstraSaturn, telecommunications
2002: Marshal Software, internet security
2003: Prolificx, electronics
2004: Trade Me, online auctions
2005: 42 Below, vodka
2006: HRV, home ventilation
2007: Energy Mad, eco-friendly light bulbs
2008: Watson & Son, manuka honey/healthcare
2009: New Zealand Honey, honey products
2010: Telecom Rentals, finance for telecommunications services
2011: Powershop, online electricity retailer
2012: Pulse Utilities, electricity retailer
2013: Earthwise, Environmentally considered products
2014: Voyager Internet
2015: Garage Project, brewery
2016: Pushpay, online payments
2017: ZB Homes, residential building company

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Content Sourced from scoop.co.nz
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