UKFast and ANS Group bag places on Profit Track 100

Sunday Times ranking lists UK private companies with the fastest-growing profits

UKFast and ANS Group have been ranked among the firms with the fastest-growing profits in the UK, with both bagging a place on the Sunday Times Profit Track 100 ranking.

The list ranks the top 100 private UK companies with the fastest-growing profits over the last three years.

This is the first year that ANS has secured a place on the rankings, coming in 72nd, after its profit hit £4.2m in 2014 on turnover of £47m. This was up from 2011 when its profits were at £1.3m.

Speaking of the news, ANS chief executive Paul Sweeney said: "This tops off a record year for us, it is a very exciting time to be at ANS. The company is growing year on year and that is down to the exceptional team we have here.

"With the speed of growth experienced it is easy to overlook the bigger picture but I am very proud ANS has managed to stick to its core principles and values. 2015 is going to be an even bigger year [and] one thing is for sure: ANS means business," he said.

Finishing 84th on the list was internet hosting provider UKFast. The Manchester-based firm achieved profits of £11m in 2014, with three-year average profit growth of 46.33 per cent.

Also featuring was systems integrator MacDonald Humfrey, which came in 7th with recorded three-year average profit growth of 111.32 per cent.

IT services provider Endava finished 16th, with profits at £9.9m last year and three-year average profit growth of 90.38 per cent. In 2014 Endava announced a £50m deal with publisher Trinity Mirror.

Managed print services provider Xeretec came 60th with profits of £4m in 2014. Last year Xeretec completed the acquisition of rival Bytes Document Solutions (BDS) which has now been rebranded as Xeretec Document Solutions.