The fastest growing indigenous firms in Wales can been revealed. Between them the 50 firms making up the Wales Fast Growth 50, 2022 - a projected devised by Professor Dylan Jones-Evans and now in its 24th year - generated a collective turnover of £654m in 2021 and employed nearly 4,000 people.
Prof Jones-Evans said: "More importantly, and despite pandemic, they produced an additional £405m in turnover during the period 2019-2021 at an average growth rate of 162%.
"They also created over 1,800 new jobs in just two years, growing workforce by 80% during the worse recession ever and demonstrating their continuing importance across the Welsh economy at a time when the Covid pandemic was affecting every business in Wales. The 2022 Fast Growth 50 year’s list shows, as it has done for the last twenty four years, the diversity and variety of fast growing businesses across Wales."
