Portsmouth firm toob named as the fastest growing tech company in the southeast in Sunday Times 100 Tech list
A Portsmouth firm has been named as one of the fastest growing tech companies in the south east.
The Sunday Times has released its second annual 100 Tech ranking with toob, a fibre broadband provider based in North Harbour, coming out on top within the region.
Founded in 2017 by former Vodafone directors, Nick Parbutt, 55, and Mike Banwell, 64, the Portsmouth company has connected more than 65,000 customers via its own infrastructure. In addition it also serves 45,000 customer across England and Scotland on the CityFibre network.
Toob secured more than £160 million of debt funding in 2023, to support its expansion across the south of England, helping sales almost triple to £14 million in 2024.
Jon Yeomans, business editor of The Sunday Times, said: “Despite a challenging economic backdrop, Britain’s tech sector continues to produce businesses of extraordinary ambition and momentum.
“This year’s Sunday Times 100 Tech highlights founders who are scaling at remarkable speed, creating thousands of jobs and exporting British innovation to the world. From fintech and AI to energy and life sciences, these companies show that the UK remains one of the most dynamic technology ecosystems globally.”
The Sunday Times 100 Tech ranks Britain’s fastest-growing private technology companies. The full list can be found at thetimes.com/100tech.