Top 100 European Fastest Growing Companies — #2 Deliveroo

This is the second in a total of 1000 break downs of each company was recently listed in “The FT 1000: third annual list of Europe’s fastest-growing companies”

“Europe’s growth companies have big challenges ahead, from the potential disruption of Brexit to the end of the era of easy money”. However, the growth and potential of these companies is definitely something that an individual investor who is interested in great companies and innovation worldwide should be keeping tabs on.

The FT 1000 continues to be dominated by the technology sector, which accounts for 149 of the businesses, and that is without counting the fintech and e-commerce categories. Again, Germany has the lion’s share of company headquarters at 230, while London remains the top city, with 63 businesses based there — down from last year’s 74.

The list is a fantastic compilation of the top 1000 but would have been great if things such as profit/ loss ratios and which companies are already listed. Profit/ loss would be useful because companies such as Deliveroo which is #2 on the list is burning through tons of cash for its expansion and other companies are nearing bankruptcy but are near the top of the list.

Follow through this series and I will give a brief and conscience overview of each company.

#1: Deliveroo

Blue Motor Finance was actually incorporated in 1992 under the name Park Asset Finance Limited and came under the control of the current directors and senior management in July 2012. It changed its name to Blue Motor Finance Limited in July 2014 which is also when they started loan operations after securing funding from private equity investors Cabot Square Capital LLP. As of 2017 the company had 155 employees.

The company is a lending business that primarily specialises in Hire Purchase agreements to consumers for the purchase of second-hand cares from dealerships or through brokers. It uses machine learning and agile development technology to improve the process and have an advantage over their competition..

It has rapidly become one of the UK’s leading Fintech companies. It claims of “changing the way auto finance and ownership works.” The company has successfully disrupted an established industry offering both dealers and customers better service by replacing their legacy systems with a smarter and more efficient platform.