Member Article

Nostrum in ‘1000 companies to inspire Britain’ list

Nostrum Group has been named in the second edition of the London Stock Exchange’s ‘1000 Companies to Inspire Britain’ report 2015, confirming the firm’s status as one of the fastest-growing and most dynamic businesses in the UK.

Nostrum is one of 65 technology companies to feature in the list. Manufacturing, construction and financial services all have more representatives, but the ever accelerating movement of the UK towards a digital economy is highlighted by technology sector companies delivering the highest average annual revenue growth of 350 per cent between 2010 and 2014. During this period Nostrum’s own revenues grew by 467%.

Richard Carter, Chief Executive of Nostrum, says: “We’re delighted to be named in this prestigious list and it is encouraging for the economy as a whole to see such strong growth across a range of sectors. We’ve enjoyed a period of sustained growth in recent years and demand for our digital loan management software looks set to continue to accelerate through 2015 and beyond.

“We are also very pleased to see some of our key partners featuring in the list, including Metro Bank, who are one of our clients, and BJSS, who have been a strategic partner to our business for a number of years. Our Chairman, Arnie Iversen, holds the same role with Moneyplus Group, who are also included.”

Commenting in the report on the strong performance of the technology sector, Baroness Joanna Shields OBE, CEO and Chair, Tech City Investment Organisation, said: “The UK has become a tech nation. In the past year, brilliant digital companies have continued to spring from collaborative communities of entrepreneurs, supported by established businesses and government. All across the country these companies are disrupting traditional industries, forging innovative sectors and creating an entirely new way of doing business.”

There was also positive sentiment in the report about the UK financial services sector, Nostrum’s core market, which along with the technology sector enjoyed its strongest growth since 2007. 1.1 million people are now employed by the financial services sector, which equates to 3.8% of the UK’s total workforce, and 60% of financial firms reported greater profits in the three months to September 2014 when compared to the previous quarter.

Inclusion in the prestigious list is the latest in a number of accolades Nostrum has received in recognition of its commercial success in recent years. The firm has been included in the Deloitte UK Technology Fast 50 for the last two years, and in 2014 featured in the Sunday Times Hiscox Tech Track 100 for the first time. Nostrum has also just been named in the Northern Tech 50 for the second consecutive year.

This was posted in Bdaily's Members' News section by Nostrum Group .