Fab four are included in the top 100 tech firms

WEST Midlands businesses have been named among the top 100 tech firms in the country.

Four firms were ranked in the 19th annual Sunday Times

Hiscox Tech Track 100 league table which names Britain’s private technology, media and telecoms (TMT) companies with the fastest-growing sales.

They are Rebound Returns, a Shropshire-based e-commerce firm which handles more than 35 million online returns transactions every year.

Its sales have grown by 191 per cent over the past three years, placing it in tenth position, and it counts companies such as ASOS and Gymshark among its client roster.

Stourbridge-based cloudThing delivers IT transformation projects for clients such as the British Red Cross and Metropolitan Police and welcomed sales growth of 56 per cent, placing it in 88th position.

Solihull-based Biosite Systems creates workforce management software which is used on more than 1,300 construction projects including Hinkley Point C nuclear power station and HS2.

It has enjoyed sales growth of 51 per cent which ranked it in 94th position.

Completing the West Midlands entrants is Coventry firm Parentpay, which is a school payment services provider and has enjoyed sales growth of 50 per cent, placing it in 98th position.

They are among eight from across the wider Midlands region to feature in the 2019 Tech Track 100 league table with the other four all based in Nottinghamshire.

The eight companies have grown their sales by an average of 94 per cent a year over three years to a total of £175 million and together they now employ 880 people.

The Tech Track 100 is compiled by Fast Track, the Oxford-based research and networking events firm.

Bob Thaker, chief executive of headline sponsor Hiscox UK, said: “Tech companies have once again proved their mettle as they continue to power up growth and innovation. Hats off to all the companies that have made it onto this year’s Tech Track 100.”

To feature on the list, companies had to be UK registered, independent, unquoted and ultimate holding companies.