Last year’s winner of the in-business Fast Movers competition, Vinomofo, has narrowly missed out on being crowned South Australia’s fastest growing company for the second year running, placing third behind LED light manufacturer Haneco Lighting and fast food franchise Bing Boy.
Announced at a breakfast this morning at the Adelaide Entertainment Centre, Adept Technology (formerly Adelaide Interim) and Beachport Liquid Minerals rounded out the top five. Suntrix, who placed 8th in 2013 have moved up to 6th place this year, a very proud achievement for Managing Director, Jenny Paradiso
2014 marks the 10th anniversary of Fast Movers, which has always received strong support from project partner BDO.
Haneco Lighting, founded in October 2011, was a clear winner with 314.55% average turnover growth during the past three financial years. In FY14 the company, which is based in Kurralta Park and has 10 employees, turned over just shy of $5.6 million.
The turnover of Fast Movers finalists ranged from $31.3 million to $351,885 in FY14.
“This is great recognition and also great encouragement for our staff to do even better in the next 12 months,” company director Nicho Teng told the crowd of approximately 380 people.
“I never could have imagined that Haneco Lighting could be in this position today, so our future prospects are very exciting.”