Despite its many drawbacks, the UK has an impressive startup scene. While many startups fail to make it, more and more people are taking the plunge, and more finance is available to scale-ups. To understand the state of the art, we’ll take a look at some of the hottest companies in the country.
The most interesting companies to look out for are the ones that can grow their businesses in a sustainable way. This is not always easy, but some of the larger players are making it a habit. Several are leveraging cloud technology to provide business solutions that help them do their job more efficiently. Some even hire their employees remotely. Whether it’s accounting, accounting, or management, you’ll find that companies are doing their best to get workers out of the office.
One of the largest is a consortium of 13 UK-based companies operating under the Earth and Sea Observation Systems (EASOS) banner. These are the firms that manufacture components for the P-8A maritime aircraft. Together, these 13 companies make up 5% of all aircraft in the world. They aren’t the only SMEs taking on this challenge; GKN, one of the largest manufacturers of lightweight windscreens, produces weapons pylons for the armed forces.
Another notable company is BenevolentAI, an artificial intelligence company that offers a suite of applications for marketing, sales, customer service, and customer relations. In fact, the company is so impressive that it has achieved a unicorn status. It’s also got a big name, thanks to its awe-inspiring growth, which shattered the previous record set by Graphcore, a machine learning application specialist that joined the ranks of the unicorns last year.
However, while the company is a worthy contender in the growing list of unicorns, it is not the largest. The honor belongs to the Hut Group, a health and lifestyle brand with a history of building a strong business using a proprietary e-commerce platform. As such, it was a logical choice to join the unicorn club.
Other major players include Monzo, a challenger banking brand that hit the jackpot when it came to unicorn status; Zoopla, which was the first online property listing site to achieve a multi-million-dollar valuation; and Transferwise, which helped disrupt the banks’ offering of international money transfers. All of these firms are doing their best to help the economy grow. Moreover, they’re looking to hire remote staff for some of the most critical jobs. Several are leveraging cloud technology to provide business solutions that help them do their job more efficiently.
From tech to manufacturing, the UK is home to many of the most innovative companies on the planet. That’s not to say that they are all based in the UK, but they do have a presence here. Increasingly, they are hiring for everything from IT and accounting to teaching and management. Of course, while these are the most important jobs, it’s worth noting that the number of remote workers working in these industries continues to grow.