Fast Movers 2011
Issue No. 62 - December/January 2011
Fast Movers prudent, hopeful
by Steve Fimmano
Introduction
This is the seventh year that BDO has surveyed a number of entrants in the Fast Movers campaign. The optimism of Fast Movers interview respondents was reflected in their phenomenal growth and prospects for growth in the future.
About our Fast Movers
Year founded
As in the last two to three years, the majority of Fast Movers are still ‘young companies’ with 69% founded since 2000 with 15 % of the Fast Movers formed in 2003. One company was formed in 1979 and the remainder in the 1990s.
Industry sectors
Once again, Information Technology was well represented, with 23% of Fast Movers coming from this sector. This was up from last year, with only 14 % IT companies represented in 2010, but was similar to previous years with 2009 having 24% IT representation. IT companies are obviously leading the way for SA Fast Movers.
The Property & business services sector was also represented with 15% of Fast Movers coming from this industry. Interestingly, Construction had 11.5% representation. Property, business and construction therefore made up a total of 26.5% of the Fast Movers index. Communications, Finance & insurance, Health & communication, Manufacturing, Personal & other services and Transport were also represented. The Retail industry was represented in the index by only one company.
Turnover
The annual turnover of Fast Mover entrants this year ranged from $772,012 to $54.9 million. Of the Fast Movers, 38% reported a turnover between $3 million and $10 million, with 35% of Fast Movers reporting turnover less than $3 million. Interestingly, 27% reported a turnover greater than $10 million. This is up from last year, when 20% of Fast Movers reporting a turnover greater than $10 million.
Staffing
The Fast Movers’ staffing was varied, with full time equivalent employment (FTE) ranging from 4 people to 272. The majority of Fast Movers in 2011 (69%) employed under 50 full time eq...
