The leading construction procurement platform attributes its 753% revenue growth to a fantastic team, valued customers, engaged suppliers and supportive investors
YardLink, the UK’s leading construction procurement platform, today announced that it ranked 41st in the 2023 Deloitte UK Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK. Rankings are based on percentage revenue growth over the last four years. YardLink grew 753% during this period.
YardLink’s CEO, Neeral Shah, said: “Back in 2018, we launched YardLink because we knew supply chain inefficiencies were an outsized cost to construction businesses. The industry had been slower to adopt digital tools, with many businesses using manual and time-consuming processes. For us, that lack of digitisation represented an opportunity for innovation.
“I’m proud to see how our team has been at the forefront of the tech revolution in the industry. Our digitisation of the supply chain has already made a huge difference to the bottom line of thousands of construction firms. I’m confident that being recognised as one of the UK’s Fast50 will pave the way for YardLink to have an even more transformational effect on the industry next year.”
Kiren Asad, lead partner for the Deloitte UK Technology Fast 50 programme, said: “The impressive growth amongst this year’s Fast 50 companies demonstrates the continued tenacity of the UK’s technology industry, despite ongoing economic headwinds, as it cements itself amongst the top locations for venture capital investment globally.
“The Deloitte UK Technology Fast 50 awards acknowledge and showcase the talent and innovation of tech businesses across the country. The 50 fastest-growing UK technology companies, as ranked by Deloitte, generated £808mn in total annual revenues in the year 2022/23 and employed almost 15,000 people. The Deloitte UK Technology Fast 50 recorded an average four-year growth rate of 5,473 per cent.”
