Newbury, UK - Monday 9th April 2018 – Roc Technologies has been ranked in the Sunday Times BDO Profit Track 100 league table, which ranks Britain’s private companies with the fastest-growing profits over three years.
Roc, a Newbury based transformation services provider enables public and private sector to define and deliver strategic improvements through their investment in business change, business process and technology platform and IT managed services transformation. With over 60% of Roc employees being security cleared to SC level of above, Roc works with UK public sector organisations in defence, justice, health, higher education, and energy, as private companies in sensitive industries such as finance, insurance, pharmaceuticals and life sciences. In 2017, Roc acquired London based City Change Management, one of the UK’s leading providers of programme and project management services and received investment from the British Growth Fund (BGF), one of the world’s leading private equity investors in growing businesses.
The league table and awards programme is sponsored by BDO and UBS Wealth Management, and is compiled by Fast Track, the Oxford-based research and networking events firm. Companies had to be registered in the UK and be independent, unquoted and ultimate holding companies. Profit growth was measured by compound annual growth rate (CAGR) over the latest three financial years.
Matt Franklin, CEO of Roc Technologies comment, “It is rewarding to be recognised by The Sunday Times and BDO Profit Track 100 for our growth and profitability over the last 3 years. Every member of the Roc team is committed to giving our customers the greatest outcomes for their investments in digital business technologies, and that focus on customer value and our values as a business directly links to our growth and profitability. We are excited to be a fast-growing UK technology business, employing some of the best programme, process and technology platform professionals, and a business with a strong appetite to invest in growing our business in artificial intelligence, and managed and cloud services.”
Stuart Lisle, partner in the southeast at BDO, the title sponsor of the league table, commented: “These high-growth, high-energy and highly-entrepreneurial companies will be the difference between success and failure in our post-Brexit economic future. These businesses are playing their part by recording strong levels of revenue and profit growth and by creating jobs. We’d like to see the Government do more to help them by focusing on skills, infrastructure investment and tax simplification.”
Roc were placed 80th in the league table. The Sunday Times BDO Profit Track 100 can be found at http://www.fasttrack.co.uk/league-tables/profit-track-100/
NOTE TO EDITORS
Profits are defined as operating profit, which consists of a company’s profit before taxation, interest, dividends and exceptional items. Profits had to exceed £3m in the latest available accounts and £500,000 in the base year. Firms had to show a rise in profits from penultimate to latest year.
The research was carried out by Fast Track between October 2017 and March 2018. The majority of companies were interviewed by telephone or in person by the Fast Track research team.