As the UK’s small businesses continue their recovery from the pandemic, there are many young businesses booming and ready to take over the the market. In this article, we have compiled the 2022 list of top fastest growing firms in UK.
The Following Are The United Kingdom Upcoming Firms to Look Up to in 2022
Plymouth’s Tungsten West is aiming to start full production at the world’s third largest tungsten mine in 2022, after raising £75m in funding.
The company, which bought the Hemerdon tungsten and tin mine out of receivership for £2.8m in 2019, stressed it had raised enough cash to rebuild the processing plant and restart mining.
In October 2021 the company was admitted to AIM, raising £39m from a share issue and securing a £36m loan from Orion Resource Partners.
The firm has also begun the design and build phase at Hemerdon, on the edge of Plymouth, and entered into agreements with tungsten and tin buyers. An aggregates division will sell waste material to the construction industry.
Young entrepreneur Joe Yates turned down an apprenticeship with British Airways to follow his dream of launching his own business.
Today, the 20-year-old runs Unknown Marketing, a “deliberately different” digital marketing agency which specialises in social media management, paid social advertising and influencer marketing.
In just three years, Joe has grown the Stafford-based business from a team of three into an 18-strong operation.
And 2022 looks set to be a big year for the company as it prepares to open two new offices – in London and Leeds – and hit a milestone £1m turnover.
Aberdeen-based LiberEat aims to make life easier and safer for those with dietary requirements such as food allergies, intolerances and medical conditions.
Founded by Barry Leaper and Louise Cahill, the business is hoping to build on a successful 2021, which saw the biotech business win competitions including Tech Nation’s Rising Stars 3.0 and the the inaugural Impact Summit Competition, claiming a place on the FutureX Silicon Valley Scale programme.
LiberEat is in the process of raising upwards of around £1m investment to grow its volume of users and further enhance its offering.
Net World Sports
Net World Sports was named the fastest growing firm in the region on the Wales Fast Growth 50 list.
The sports equipment business had a turnover of £44m in 2020, having grown by 121% since 2018.
It plans further expansion with work to start on a new headquarters in Wrexham. The £25m warehouse and office which will be located just a mile or so away from the current base on Wrexham Industrial Estate would help accelerate its growth further.
University of Bristol graduates Amber Probyn and Hazel McShane have created a women’s urinal – and it’s already finding success.
Their spin-out company was awarded a £15,000 grant in November after the duo scooped the top prize in the university’s flagship enterprise contest for start-ups.
Their urinal is designed with outdoor events in mind such as festivals, and they say it makes the process of going to the toilet six times quicker compared to a conventional portable lockable toilet.
The pair’s creation has already been trialled by more than 5,000 women at UK festivals including Shambala, Valley Fest and the Bristol Comedy Garden.
South Shields based Ogel is disrupting the construction sector with its revolutionary conversion of plastic waste into building materials.
The firm has teamed up with a manufacturer which takes plastic waste and turns it into ‘profile’ which can then be used to build anything from a garden office or shelter to a flood defence system.
Founder Gary Giles also wants to use some profits to fund charitable work for humanitarian shelters, which can be erected quickly and also taken down quickly.
Mr Giles’ business caught the eye of producers at BBC’s Dragons’ Den before it was even officially launched. On the show itself, Ogel secured £50,000 in investment from Sara Davies and Tej Lalvani – and it has since raised more than £200,000 in crowdfunding.