Businesses from the Auckland region comprise half of the 12th annual Deloitte Fast 50 index of New Zealand’s fastest growing companies announced tonight.
The index ranks the top 50 companies according to their revenue growth over the past three years and sets the benchmark for high growth businesses in New Zealand.
Pulse Utilities NZ, Konnect Net, 2 Degrees Mobile, MediaCom, Ecoya, Au Pair Link, ICONiCITY, The Collective, Selah Renovations, Tomizone, Gopher, ProjectManager.com, Avalanche Coffee, CBL Insurance, Invivo Wines New Zealand, Kagi, Stellar Consulting Group, SnapComms, SublimeNZ, Hampton Jones Property Consultancy, KernMobile, Dbvisit Software, 2talk, Milford Asset Management and Dirtworks all exceeded the 154% growth threshold to make this year’s index.
Pulse Utilities NZ was the highest ranked Auckland business, leading the index in the top spot with an impressive 2,637% growth. Pulse may be an Auckland based company, but its largest shareholder is Buller Electricity.
It also won the national award for fastest growing retail or consumer products business.
Deloitte Auckland partner, Bill Hale, says this year’s index has shown that having a laser-like focus on the customer can pay dividends.
“What we are seeing this year is a group of companies who are great at finding a niche. They have a deep passion and understanding of their own offering and know their customers in a very profound way – completely customer centric.” Hale says.
“These companies are not confused with where they are going or how to get there. Our 2012 winners are nimble and are masters of spotting and exploiting marketplace opportunities through keeping up to speed with consumer trends and openings in their industries. Some are embracing the latest available technologies to execute. We can all learn a lot from these amazing pioneers.”
Auckland businesses also dominated the Category Awards. Nationwide awards went to Auckland-based Konnect Net for fastest growing services business nationwide, 2degrees Mobile this year was named fastest growing technology business, designer jewellery maker Kagi took out New Zealand’s fastest growing exporter and CBL Insurance was the country’s fastest growing mature business.
Innovative food manufacturer, The Collective, also took out the Auckland region’s fastest growing manufacturer award.
The number two ranking on this year’s Fast 50 went to Wellington-based online electricity retailer PowerKiwi which recorded growth of 1,916%. Nelson-based craft beer brewers, McCashin’s Brewery, was third with 1,836%.
The 2012 group of Deloitte Fast 50 businesses grew the New Zealand economy by $637 million in the past three years and created 1,376 jobs.
Auckland-based companies 2degrees Mobile, Ecoya, 2talk, Tomizone, The Collective, Milford Asset Management, Kagi and Dirtworks all made the 2011 Fast 50 as well.
For the full Deloitte Fast 50 index, go to www.fast50.co.nz