Growing Business magazine recently announced the 30 Young Gun entrepreneurs, under the age of 35 for 2010. This was the annual competitions eighth year and the “Class of 2010” has officially joined an illustrious alumni featuring the founders of Innocent Drinks, Figleaves, Sweaty Betty, A Suit That Fits and Hawk-Eye.
The reigning champion of 2010 was announced over lunch at Kensington Roof Gardens as Michael Phillips founder of price comparison technology company, Consumer Choices. The sites impressive comparison websites help power leading websites including gocompare.com and confused.com. It is also the largest Ofcom accredited website.
I was in great company over lunch sitting between Mitesh Soma, from “Class of 2008” and founder of the hugely successful online pharmaceutical offering, Chemist Direct and a 2010 Young Gun, Sam Barnett, the founder of Struq.com. The ad technology company produces highly complex algorithms that allow advertisers to target consumers with personalised online ads. The return on investment for advertisers has proven to be significant and as a result has been a great attraction of new clients to Struq. As of last month, Struq counts Ted Baker, my-wardrobe.com, Lovefilm and French Connection as its clients. It was a fantastic day that affirms the importance of supporting innovative entrepreneurs in the UK. In spite of tough times, these entrepreneurs admirably work hard to survive and no doubt whilst some may unfortunately fall by the way side, others will grow, creating much needed jobs and help drive the economy forward.
On 18 October 2010, our client PeerTV, an internet TV company, announced its intention to raise up to £6.2million on AIM (Alternative Investment Market). This was an exciting deal for us and I am very pleased to have been part of the corporate finance team at haysmacintyre to have worked on this deal, acting as reporting accountants. It is encouraging to see interest in AIM returning to pre recession levels.
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