South Wales company Au Vodka have been named one of the fastest growing companies in the UK. The popular Swansea drinks brand appeared in the new Sunday Times 100 rankings revealed on Friday, June 30.
Au Vodka was started back in 2016 by friends Charlie Morgan and Jackson Quinn who last year spoke to WalesOnline about how they spotted a gap in the market by creating their own eye-catching gold bottles of vodka. They now make 35,000 bottles daily and you can read their story in full here.
The new Times rankings list the company as the fifth fastest-growing in the UK, having made £54m in sales in 2022, an annual growth of 236.96%. Scotland-based Join Talent, a remote-working outsourced recruitment firm, is Britain’s fastest-growing private company with £17.5m in sales last year, a compound annual growth rate of 303.98%.
Sportswear brand Castore, energy and property operator Bayford and CBD-infused drinks brand TRIP completed the top five on the list. No other Welsh companies featured in the top 20, with Cardiff-based IT consultancy Stable Resources (67) the only other Welsh firm to feature in the top 100.
The research for the Sunday Times 100 found on average the top 100 fastest-growing companies have increased their sales by 104% a year over the last three years to a combined £3.2 billion in sales. In total these companies employ 15,160 people, having created 10,500 new jobs in the last three years, with 95 of them planning further hires in the next 12 months – equating to around 4,750 additional jobs.
Out of the 100 companies featured in the ranking just over a third (39) are based in London, with the rest spread throughout the country. This includes 15 in the northwest of England, 11 in Yorkshire and the Humber, and another seven in the Midlands.
A record 28 of the businesses have female founders or co-founders including Aneisha Soobroyen of natural pet food brand Scrumbles (number 12). Two thirds of the businesses trade internationally including Bristol-based remote sensors developer Sintela (6), which made 90% of its £10.4 million sales overseas last year.
Almost three quarters (71) of the top 100 companies were founded in the last decade. The oldest company on the list is Wetherby-based energy conglomerate Bayford. Set up in 1919 by four survivors of the first world war, it has since found a new lease of life from investing in electric vehicle charging and the supply of green energy.
In March this year more than 100 people queued outside Au Vodka’s headquarters in Swansea’s Cwmdu industrial estate after the company promised to tattoo people with bottles of their branded drink in exchange for cash up to £250. It came after the brand recently made headlines for the fake tattoo it applied to social media star Jake Paul’s arm – which mysteriously disappeared by the time he went into the boxing ring against Tommy Fury. It was said that he had been paid $250,000 for the privilege, and many people responded saying that they would have done it for free.