Anvil is listed in 86th place, with annualised sales growth of 56%. Joe Nicholson, Managing Director of Anvil comments: "Anvil has maintained growth and profitability throughout a turbulent period for the IT industry and we are really proud and delighted to have been listed. The award has been achieved through a lot of hard work from all our staff and having excellent products that provide the business benefits the global financial markets need and want."
The league table, compiled by Fast Track, tracks Britain's most dynamic unquoted companies. The final 100 companies in the table are ranked by growth in sales over three years from 2000 to 2002. Growth ranged from 50% pa to 320% pa, with sales typically between Â£5m and Â£10m.
The Sunday Times Tech Track 100 is independently compiled by Oxford-based research company Fast Track, and published with The Sunday Times on 28th September 2003. The league table and full research report are also published on the website.
The league table adopts the London Stock Exchange's techMARK definition of what constitutes a technology company: namely those whose business growth and success is dependent on the development of one or more technologies, and those who demonstrate technological innovation in products or services. Companies are ranked according to their annual growth rate in sales between 2000 and 2002. Companies had to be registered in the UK as unquoted ultimate holding companies. Companies primarily engaged in simply reselling or reassembling were excluded, as were companies mainly engaged in online activities, such as betting, auctions or retailing. Companies also had to forecast an increase in sales from 2002 to 2003, but were not required to be in profit, which Anvil was and has been every year since starting in 1988. The research was carried out by Fast Track between 1 May and 1 September 2003.