The 2022 FEBE Growth 100 rankings has included three Scottish firms in its inaugural edition.

A list of the fastest-growing, founder-led private companies in the UK featured Edinburgh-based thermal storage tech firm Sunamp, Broxburn-based pizza ovens business Ooni and Livingston-based e-commerce tights brand Snag.

Companies on the list fall under specific regulation to be included. They must be UK registered, independent, unquoted, and an ultimate parent company, with sales of between £3 million and £200 million.

Additionally, the firms must have been trading for at least three years, making an operating profit in the latest financial year and have continued involvement from their founder(s).

The 100 companies were ranked by compound annual growth rate (CAGR) in sales over the last two financial years. Businesses can be chosen to take part either by nominating themselves, or through organisations contacting them directly, as well as by accessing publicly available financial information.

FEBE is co-founded by Charlotte Quince and John Maffioli, backed by former BBC Dragons Jenny Campbell and Sarah Willingham, Bloom & Wild founder Aron Gelbard and Charlie Bigham of the ready meal business.

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Commenting on the FEBE Growth 100 list, Quince said: “We are building the greatest entrepreneurial celebration on Earth and a club that everyone wants to be part of and the Growth 100 is an integral part of that.

“So many people think that business founders just ‘get lucky’ or think of an idea one day and are successful the next, but we know that the journey to success is anything but smooth.

“The Growth 100 will celebrate those who have embraced the entrepreneurial roller coaster and who are now thriving as some of the fastest growing brands in the country.”

According to the FEBE, there are currently 4.2m private companies in the UK, with around 1% or, 45,000 of these are considered ‘high growth’.

FEBE Growth 100 ambassador Campbell added: “Founders are unique: their experiences, their vision and their resilience are unlike anything else.

“So, we want to celebrate these ‘dare to doers’ and shine a light on the incredible accomplishments of some of the finest and fastest-growing companies in the country.”

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