AJ POWER PARTNER WITH RYCOWEB LTD.
AJ Power tops this year’s list of companies based in Northern Ireland to appear in the latest Sunday Times Virgin Fast Track 100 annual league table, published this weekend. The company manufactures diesel generators and is ranked No 4 nationally. Now in its eleventh year, the prestigious national league table ranks Britain’s one hundred private companies with the fastest-growing sales over a three-year period, to their latest available accounts.
Headquartered in Northern Ireland, AJ Power manufactures 1,500 diesel generators a year,
selling them as back-up power supplies to embassies, hospitals and banks around the world.
Sales have soared 181% a year from an annualised £485,000 in 2004 to £10.7m in 2007.
The national picture
The combined sales of the companies listed on this year’s Sunday Times Virgin Fast Track 100
totalled £3.1bn. Together they employed 29,915 staff, and have created 21,826 new jobs over the
past three years.
This year’s league table features household names such as fruit drinks maker innocent, premium
pudding maker Gü Chocolate Puds, pram manufacturer Silver Cross, organic produce home
delivery firm Abel & Cole, and potato chips producer Tyrrells Potato Chips.
Most of this year’s Fast Track 100 companies are headquartered in London (34) and the North of
England (20 - including 12 in the Northeast and 8 in the Northwest), with the remaining
breakdown as follows: Southeast of England (15), the Midlands (11), Scotland (8), Southwest (4),
Wales (4), East of England (3) and Northern Ireland (1).
The full findings will be published in a special 20-page colour supplement with The Sunday Times
business section on 2 December, and on the internet at www.fasttrack.co.uk.
THE SUNDAY TIMES VIRGIN FAST TRACK 100
Now in its eleventh year, The Sunday Times Virgin Fast Track 100 annual league table is
compiled by Oxford-based research and events company Fast Track. In addition to title sponsor Virgin Group, the league table is co-sponsored by HSBC, Microsoft and PricewaterhouseCoopers LLP.
League table criteria.
Companies are ranked according to their annual growth rate in sales over the three financial
years up to the companies’ latest available audited accounts or independently verified financial
statements; either from 2003 to 2006, or 2004 to 2007. The table excludes technology
companies, which are featured in a separate league table, the Tech Track 100.
Companies had to be registered in the UK, unquoted and ultimate holding companies, not
subsidiaries. Companies had to show an increase in sales from penultimate to latest year, and to
forecast further sales growth. The research was carried out by Fast Track between 1 August and 1 November 2006. All companies were interviewed by telephone, and the vast majority (93) were visited by the Fast Track research team.
About Virgin Group
Virgin is a leading branded venture capital organization, founded in 1970 by Sir Richard Branson.
The group spans travel, mobile telephony, financial services, health and leisure. It has created
more than 250 companies worldwide, employing approximately 50,000 people, and revenues
exceeded £10 billion in 2006.
About Fast Track
Fast Track is an Oxford-based research and events company with 11 years’ experience
publishing league tables ranking Britain’s top-performing private companies, and organising
dinners to bring together their owners to network and meet our sponsors.
The company was founded and is run by Dr Hamish Stevenson, who is also an associate fellow
of Templeton College, Oxford University.
www.fasttrack.co.uk
For Further information please contact:
Ying Chen, Fast Track, Tel: 01865 297 022
Email:
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