Nine Scottish firms on ‘hot 100’ fast-growers list

Nine Scottish businesses are among the 100 fastest-growing private companies in the UK, according to a financial services firm.

The Investec Hot 100 have collectively achieved a growth rate of 44 per cent over the past four years and an average turnover of £150 million in the last financial year.

In Scotland, the nine firms on the “hot 100” list had a combined turnover of £27m between January and March this year, and a four-year growth rate of 48 per cent. The highest ranking Scottish company, coming in fifth, was RIA, an independent securities broker which provides advice to banks, wealth managers and institutional investors.

The full list, which analyses the UK’s fastest growing mid-sized private companies, will be published by Real Business this week.