Telesmart on Deloitte Fast 50

New Zealand's 50 fastest growing companies were celebrated at events around the country, as the 2009 Deloitte Fast 50 (www.fast50.co.nz) was revealed. Dunedin's New Zealand Honey Co topped the ninth edition of the annual Index and was named the country's fastest growing business. 

The highest placed Wellington company was Telesmart Limited at 4th, , a telecommunications solutions company based in Wellington. Established in 2005, Telesmart became the fastest telecommunications company with revenue growth rate of 725.81%. Telesmart  is also a  category winner in ”Fastest growing technology, media, telecommunications business“  Wellington and Lower North Island region.

Fast 50 companies do not appear to have done anything outrageous to ward off the recession. All the discussions and interviews done by Deloitte this year across New Zealand indicate that Fast 50 companies navigated their way through the difficult economic times by making sure they have the fundamental elements of their business right. The key elements are retaining a great team, nailing a product or service niche, having a thorough understanding of their markets and being active with their customers. Great performers in a recessionary environment are doing all the same things that great performers do in economically rosy times."

To make the Fast 50 this year, companies needed revenue growth of 145% or higher between 2007 and 2009 (from a starting revenue of $250k in 2007), and this was only a tick below the threshold last year of 149%. This was something of a pleasant surprise given the tough economic conditions being experienced in many parts of the economy.

Companies that reached the top 10 in the 2009 Deloitte Fast 50 had to achieve higher revenue growth in the period than those that appeared in the list last year: 416% in 2009, compared to 392% in 2008.

Check out who made the 2009 Deloitte Fast 50, as well as this year’s regional category winners.

Deloitte congratulates the 2009 Deloitte Fast 50!

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