Business advisory law firm Greenaway Scott has made Startups.co.uk’s prestigious Startups 100 2015.
The Cardiff-based law firm is the only company in Wales to make the definitive index of the UK’s 100 fast growth-potential new businesses.
Launched in January 2013 by experienced commercial lawyer Nigel Greenaway, Greenaway Scott is tailored towards fast-growth life science and technology companies, which are either acquisitive or looking to raise funds.
With just over two years of solid trading and year on year growth, the firm is looking to expand over the next 12 months, targeting tech hubs along the M4 corridor and elsewhere, and has plans to acquire small, specialist firms that share its ideal to offer complementary services.
Now in its sixth year, the Startups 100 index recognises privately owned UK companies launched on or after 1 January 2012 which demonstrate innovation, solid financials, economic impact and growth potential.
This year’s index reflects the rising success of Britain’s start-up businesses with annual turnover figures for the 100 businesses featured averaging an impressive £1.14m – a considerable increase on the 2014 list.
Selected from hundreds of entries from start-up entrepreneurs across the country, this year’s winners join an illustrious alumni of businesses which have gone on to become household names such as YPlan, Raspberry Pi, Huddle, Naked Wines and notonthehighstreet.com (details below).
Startups.co.uk’s Lucy Wayment, commented: “It’s encouraging to see that the average turnover for the 100 start-ups in this list is over £1m. With a record number of entries this year, the Startups 100 2015 index not only showcases the fast-growth potential of UK start-ups but also demonstrates the importance of trailblazers to the economy.”
Nigel Greenaway, managing director of Greenaway Scott, said: “When I set up Greenaway Scott I wanted to establish a law firm that was run as a commercial business, with the focus on client satisfaction and the provision of specialist, legal, commercially considered advice. I consciously established the firm as a company rather than a partnership with the focus on the specialist areas of corporate and commercial law.
“We pride ourselves on being completely different to traditional law firms and our approach is certainly paying off. We’re thrilled to have been recognised as one of 100 exciting start-ups in the UK. We’re amongst some outstanding company set for big things and some amazing alumni of businesses that have gone onto be household names. Inclusion in the index marks a really positive start to 2015 and we’re excited about the rest of the year.”