Managing Partners of Forsyth Barnes in the Young Guns Class of 2018!
Young Guns Class of 2018: The UK’s Under 35 Entrepreneurs Running Million-Pound Businesses.
Scott Parsons and Roheel Ahmad, Managing Partners at Forsyth Barnes have been named in this year’s class of most outstanding young entrepreneurs aged 35 and under. The Young Guns Class of 2018 is made up of entrepreneurs behind 30 of the UK’s most exceptional businesses which have achieved annual revenues of at least £1m and/or have raised over £1m in funding.
These 30 awe-inspiring businesses have created 1,553 jobs with average annual turnover of £12.3m – almost double that of the average turnover of businesses among the Young Guns Class of 2017 which stood at £6.8m.
Now in its 16th year, the Young Guns index is industry-renowned for recognising emerging business success stories. It has previously identified early-stage companies started by names such as Sophia Webster of her eponymous fashion brand, Jamie Bolding of Jungle Creations, Will Shu of Deliveroo, Holly Tucker MBE of Notonthehightstreet.com and Richard Reed of innocent drinks and JamJar Investments.
The UK’s small businesses are predicted to contribute £217bn to the economy by 2020* (*Data from CEBR – November 2016) and you can expect young founders like those featured among the Young Guns 2018 to lead the way. After all, how many of us can say we’ve built a £1m business in an average time-frame of just four years?!
The Young Guns 2018 index is sponsored by haysmacintyre and Lloyds Banking Group with all Young Guns entries judged and audited by these organisations, alongside a team of journalists. The full Young Guns Class of 2018 can be found at https://startups.co.uk/young-guns/class-of-2018/.
Ian Wallis, editorial director of Startups.co.uk, comments on Young Guns 2018:
“With revenue figures up almost 50% on last year’s list and a greater economic contribution than ever before, the Young Guns Class of 2018 is demonstrative of the incredible young entrepreneurial talent our country has to offer.
“This group of young entrepreneurs have built game-changing innovations and shaken up the market with products and services that have clearly whet the appetites of customers and investors alike.
“From businesses specialising in pimped up prosecco and affordable green energy to apps that help us find love and friendship in the new age, the Young Guns 2018 have transformed smart ideas into successful companies – all before the age of 36”.
Young Guns 2018 in numbers:
- There are 49 qualifying co-founders and 30 businesses in the Young Guns Class of 2018
- The average age of companies in the list is four years-old
- The total funding raised by the Class of 2018 is £111.8m
- Eight of the businesses have grown organically, without any external investment
- Average company turnover is £12.3m. This is a vast increase on last year’s class where average turnover was £6.8m, and the 2016 class where average turnover was £4m
- The mean age between the qualifying founders is 30 years-old, with the youngest entrepreneur in the index – Ryan Brodie – aged 25
- The 30 businesses collectively employ 1,553 staff, a marked increase on last year’s class (1,210 employees)
- The largest employer is The Institute of Competitive Socialising with headcount of 250
- Nine of the class are solo founders
Scott and Roheel have commented: “It’s fantastic to be recognised alongside so many fantastic business owners” and are excited for the future with Forsyth Barnes.
To become a part of the Forsyth Barnes story, give Victoria a call on 0203 857 9200!
* with thanks to Startups.co.uk for the image and copy / facts included in this article!