The Hot 100 list is an index of the fastest-growing companies in the UK, and is published in the April edition of Real Business magazine. The list is compiled using accounts filed at Companies House and is based on sales growth over a four-year period. To qualify, companies need to show sales of more than £5m and be profitable: O-bit’s sales have grown 98 per cent (CAGR) over the past four years and as a result have been placed as the 37th fastest growing company in the UK.
“This award follows The Sunday Times 2007 Techtrack award which identified O-bit as the 26th fastest growing technology company. We are very pleased to receive these awards and we have an aggressive marketing and sales plan over the next 36 months to help us continue to grow. Projected revenues for 2008 are at £20million. Everyone at O-bit Telecom has contributed to developing a proposition that is second to none in the telecoms industry; we are all looking forward to the next six years which hopefully will prove just as exciting as the first six.”