The Hot 100 is a ranking of the fastest-growing private companies in the UK, using accounts filed at Companies House up to 19 February 2007. It is based on compound annual growth rates measured over a four-year period - the single rate at which the starting value would have to grow each year to reach the final value. To qualify, the latest accounts needed to show sales of more than £5m and be profitable.
Trigold said its growth is based upon the increased volume of subscription fees, together with charges for sending transactions between broker and lender, which have fuelled annual sales growth of 108.8 per cent, from £685,000 in 2003 to more than £6.2m in 2006.
One of the reasons Real Business publishes the Hot 100 ranking is to flag up the unsung entrepreneurial talent that is hidden in the private sector.
"Our growth has been organic," says Bill Safran, chief executive of Trigold, who recognises pays tribute to the loyalty of staff and customers. “We’ve worked hard to develop and provide our users with business tools and systems that genuinely help them run their businesses. Our market is incredibly fast moving and in this environment you cannot afford to stand still. Much of the growth of the company can be attributed to the success of the E-Trading Centre which has captured the imagination of mortgage brokers as simply providing a quicker and easier way to submit electronic applications online. Other new free modules such as the provision of Secured Sourcing and Commercial Loans will create the foundation for our continuing growth. This is especially gratifying as it builds on the success we enjoyed in 2006 with business awards from Deloitte and the Sunday Times.
“Once again I’d like to pay tribute to the staff at Trigold who work tirelessly in supporting our customers who include intermediaries, lenders, packagers, insurance and other partners.”
