Connexin Ranked 16th Fastest Growing Tech Company at Northern Tech Awards
The 2023 Northern Tech Awards has ranked broadband ISP and network builder Connexin as the 16th (out of 100) Fastest Growing Technology Company in the North. The provider is currently building a 10Gbps capable Fibre-to-the-Premises (FTTP) network (here) across parts of Hull and Yorkshire in England.
Connexin has climbed the ranking by 14 spaces this year, after placing 30th in last year’s league table, reflecting the rapid expansion of the business as their full fibre rollout begins to pick up pace. The provider is being backed by an investment of £80m from Whitehelm Capital (now PATRIZIA).
Alex Yeung, Co-Founder & Deputy CEO at Connexin said: “We are honoured to be included again in this year’s Top 100 League Table at the Northern Tech Awards, and I am beyond proud of our team and what we have been able to achieve for our region. For us, this only emphasises our commitment to the North, boosting the local economy and ensuring Hull remains on the map as a city for technology companies to thrive and collaborate.”
Advertisement
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on X (Twitter), Mastodon, Facebook, BlueSky, Threads.net and Linkedin.
« Superdrug Mobile Confirm Price Freeze on UK 4G Network
Openreach Quietly Reopens UK Fibre Community Partnerships »
Is this really a story? Who came first!
Not a consumer ISP/broadband network, thus not relevant to ISPreview. Connexin seemed to be the only such operator to be listed in the top 100.
Not terribly clear on what basis the award was actually made, especially since Connexin’s last filed accounts were for the year to September 2021, and used the small companies exemption so don’t have any P&L detail, although I can infer a £2.2m net loss. I assume the yardstick for growth is turnover; Some people might conclude that achieving fast growth from a base of zero and with a ticket for £80m of other people’s money might not be that hard.
Growing a sustainably profitable business that will eventually cover its cost of capital, now that might be worthy of recognition, but I’ll wager that the awards didn’t look at that.
Many of these types of rankings or awards rely on ‘self-nomination’ for a cost.
Based on the amount of bad press they’re getting in Hull for their sloppy build, I can’t see their growth being based on subscriber numbers. They spend more time blaming KCOM in their PR than they do pushing their own products and services, which often says a lot.