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Entry open for 2008 Deloitte Fast 50 awards

Entries have now opened for the 2008 Deloitte Fast 50 Technology awards. The awards, now in their 11th year, recognise and rank technology companies with an exceptional growth in turnover over the last five years.

Last year’s Fast 50 saw innovative digital company, TH_NK, break new ground for the North East after ranking in fourth position.

As the only digital agency in the UK to make the league’s top five, Newcastle based TH_NK also claimed the highest spot in the North of England after recording significant growth and doubling turnover in its previous year.

David Wilkinson, partner at Deloitte in Newcastle said: “The Fast 50 is an ideal way for businesses to showcase their success and we look forward to seeing entries from companies from across the North East in all areas of technology, from internet specialists to life sciences, computers to semiconductors, software to telecommunications.”

The launch of the Fast 50 coincides with the Deloitte report ‘Tooling Up’ which analyses the key operational and financial concerns of last year’s entrants to the Fast 50. The report reveals key hurdles currently faced by technology businesses, including the recruitment of new, highly skilled and motivated staff.

A quarter of companies found obtaining finance was their biggest financial concern. Given the current scarcity of external investors, executives are looking to bank finance and using their or their company’s resources to invest in their business.

This was posted in Bdaily's Members' News section by Ruth Mitchell .