AYBL Group named Britain’s fastest growing private company

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Based on Redditch AYBL Group has been named Britain’s fastest growing private company, according to the first Sunday Times 100 ranking.

The new report identifies Britain’s top 100 entrepreneurial companies.

Four West Midlands companies were included in the top 20, with sportswear and fashion brand AYBL Group taking the top spot.

Founded in 2018 by entrepreneurs and brothers Reiss and Kristian Edgerton, AYBL Group designs shorts, crop tops, sports bras and other activewear in neutral colors and simple designs.

Last year, the group achieved a turnover of £23.5 million, a huge increase of 359% per year since its founding year.

Last year, the company secured a significant investment in a deal valuing the business at £50million, from school friend and co-founder of sportswear brand GymShark Lewis Morgan. The company employs 50 people and is looking to hire more.

Reiss Edgerton, co-founder of the AYBL Group, said: “After years of hard work, seeing the AYBL Group named Britain’s fastest growing private company has definitely been a ‘pinch’ moment. me “.

“It’s not easy building a fast growing business from scratch and what a journey the last four years have been for me and my brother, Kristian.

“We couldn’t have done it without our talented colleagues, who have contributed to the success of the company. I would also like to congratulate everyone who made the list.

The fourth on the list is absolute collagencreated by mother-daughter duo Maxine and Darcy Laceby.

Maxine Laceby, CEO and co-founder of Absolute Collagen

Maxine started making collagen products from bone broth at her kitchen table and grew into the business, turning over £17.3m last year, or a massive increase of 251%.

Maxine, who will join our Women in Business panel next Thursday (July 7), said, “We are extremely proud to be in the Times Top 100. Our journey from the initial concept idea and unique formula to where we are today has been fast, furious and fun!

“Leading us with integrity every step of the way has always been a priority. Our commitment and duty to our customers, our “Absolulators”, have always been at the forefront of our decision-making.

“Achieving fourth place in the Times Top 100 is proof that putting the consumer above the bottom line is paramount.”

The sixth on the list is based in Solihull Lounge underwear. Launched in 2016 by founders and couple Dan and Mel Marsden. Blythe Valley’s underwear business achieved sales of £62.5m last year, a massive increase of 214%.

Justine Chadwick (CWLEP Growth Hub), Zarah Sultana, MP for Coventry South, and Ben Amanna of BOXRAW

Also in the top 20 BOXRAW, entering on the 13th. Founded by Ben Amanna, BOXRAW, is currently based at the Quadrant in Coventry city center and was founded in 2017.

It provides sportswear and equipment for boxing and has developed the world’s most comprehensive machine learning model for boxing training, based on the largest dataset of boxers ever captured.

The company is expected to create 200 jobs this year after seeing sales rise 156% to almost £6million.

Ben Amanna said: “It feels great to be named to the list and it reminds me that we are on the right path, serving a community that was previously undervalued and underappreciated.

“While it’s nice to get this recognition, we rarely rest on our laurels and I’m focused on the next chapter to come.”

The 20 fastest growing UK companies

Company Name

The description

Last year sales (2022/21)

CAGR (Compound Annual Growth Rate)

Number of employees

1

AYBL Group

Sportswear and fashion brands

£23,500,000

359.01%

50

2

Screen with envy

Designer of products for the garden and home

£14,521,000

262.83%

73

3

Thriva

Health service provider

£74,441,440

261.37%

140

4

absolute collagen

Retailer of health and beauty supplements

£17,350,940

251.73%

48

5

All Genetics

Health service provider

£34,821,633

217.80%

51

6

Lounge underwear

underwear brand

£62,500,000

214.98%

100

seven

Green biofuels

biofuel supplier

£47,522,000

211.25%

28

8

Truly Local Group

Leisure and hospitality operator

£6,900,000

198.28%

55

9

my energy

Manufacturer of renewable energy products

£52,500,000

184.05%

350

ten

Ooni

pizza oven manufacturer

£208,000,000

175.13%

300

11

Aspire Platforms

Construction rental operator

£14,069,591

167.34%

92

12

Free market

Cross-border payment provider

£9,001,877

156.85%

55

13

boxraw

Brand of boxing clothing and equipment

£5,997,569

156.13%

34

14

Greenarc

Fuel and Renewable Energy Broker

£17,805,698

140.95%

ten

15

brand builder

Consumer brand retailer

£17,600,000

135.36%

19

16

purest pets

Retailer of pet supplements

£6,344,905

130.15%

ten

17

MTArt Agency

talent agency

£8,300,000

128.03%

11

18

The Lean Food Society

Natural food retailer

£19,500,000

125.53%

30

19

Glencar building

Building contractor

£160,404,341

122.45%

108

20

Auto Finance Oodle

car finance provider

£84,365,262

120.88%

324

Research for the Sunday Times 100 found that, on average, the 100 fastest growing companies have increased sales by 91% annually over the past three years to a combined turnover of 4.7 billion pounds.

More than 13,000 new jobs have been created by the 100 fastest growing companies over the past three years, with each company creating an average of 130 new positions. In total, these companies employ 20,746 people.

The 100 fastest growing companies have had a total equity investment of an incredible £587m in 142 rounds since 2010, and an investment of £201m ​​in 22 rounds in 2021.

Jim Armitage, Economics Editor of The Sunday Times, said: “The Sunday Times 100 is our new annual celebration of UK entrepreneurial achievement. The founders of these exciting companies are essential job creators and innovators.

“The top 100 has performed exceptionally well during the pandemic and shows how some companies have used changing consumption and work habits to their advantage.”


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