The Sunday Times has released its second annual 100 Tech ranking, with toob, a fibre broadband provider based in North Harbour, reaching the top position within the region.
The Sunday Times 100 Tech ranks the fastest-growing private technology companies in Britain.
The Portsmouth company was founded in 2017 by former Vodafone directors Nick Parbutt and Mike Banwell. It has connected more than 65,000 customers through its own infrastructure and serves a further 45,000 customers across England and Scotland via the CityFibre network.
In 2023, toob secured more than £160 million of debt funding to support its expansion across the south of England. This financial backing helped sales increase to £14 million in 2024.
Jon Yeomans, business editor of The Sunday Times, said: “Despite a challenging economic backdrop, Britain’s tech sector continues to produce businesses of extraordinary ambition and momentum. This year’s Sunday Times 100 Tech highlights founders who are scaling at remarkable speed, creating thousands of jobs and exporting British innovation to the world. From fintech and AI to energy and life sciences, these companies show that the UK remains one of the most dynamic technology ecosystems globally.”
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