Analyst Megabuyte ranks UKFast top of the pile

Article date: Mon, 11 Dec 2017 16:34 GMT

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Technology industry analyst Megabuyte has named British cloud hosting firm UKFast as the top performing privately-owned Data Centre & Hosting company in the UK in its Megabuyte50 Awards.

The Megabuyte50 uses a statistical methodology to determine the best performing companies in each sector. The analyst assesses companies using a combination of seven key measures, covering: growth, margins, cash flow and overall size.

UKFast placed ahead of the likes of Node4, Options Technology and UKCloud in the rankings, with Megabuyte pointing to UKFast’s consistent organic growth and ability to retain and build its customers as key factors in its outstanding performance.  

Megabuyte’s principal analyst Philip Carse said: UKFast’s financial track record is characterised by consistent double digit organic growth, strong margins and solid operating cash conversion. The company’s strong growth record should be sustained by recent investments in its Cloud platform and entry into enterprise and public-sector markets.”

UKFast has doubled turnover in the four years since 2012 and is on track to once again deliver record growth in 2017.

Alongside its core business of hosting the firm is engaged in a series of initiatives to help bridge the digital skills gap and engage with the next generation of digital talent.

UKFast’s team of full-time teachers have built partnerships with 50 schools and colleges, reaching 57,000 young people in Greater Manchester – and making 100 school visits last year alone. The team also delivers an award-winning apprenticeship scheme.

UKFast CEO Lawrence Jones said: “The Megabuyte team are incredible analysts and these awards are handed out on facts and growth figures, nothing else, which makes them a real, credible honour. It’s a good barometer of where we are in the market.

“This is also an amazing validation for the whole UKFast team, who work so hard every day of the year to deliver the service that these results are built on.”

Read the full Megabuyte report card on UKFast’s performance here.

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