Commsworld named among top 50 of privately-owned UK tech companies
Kevin O'Sullivan, January 29, 2020 2 min read
Commsworld has been recognised as one of the best performing privately-owned technology companies at an awards ceremony for the UK tech sector. The leading network and telecommunications provider placed 27th in the list of top 50 privately-owned tech companies in the UK at the Megabuyte 50 Awards, for the company’s first scorecard. The annual awards recognise the performance of technology companies across the UK, taking into account their growth, profitability, cash conversion, and size – decided by an independent body of adjudicators. The achievement represents years of success in delivering high-quality telecoms solutions across Scotland and the rest of the UK. Ricky Nicol, CEO of Commsworld, said: “The past year has been a year of exciting growth and change for Commsworld – we’re delighted that our first ever Megabuyte Scorecard has taken us straight into the top 50. “This recognition is testament to our commitment to building a next generation telecoms network across the UK.” The Megabuyte Scorecard rating uses rigorous methodology to assess companies’ performance against crucial financial key point indicators. Recent years have seen Commsworld grow at a rapid rate fuelled by its involvement in three of Scotland’s largest public sector ICT contracts, with local authorities in Glasgow, Edinburgh and the Scottish Borders. It then established its Optical Core Network as the largest privately owned network of its type in the UK, facilitating major expansion south of the border. In 2019, Commsworld was successful in its bid to have its services represented across a new £5bn UK government telecoms and network framework, meaning the firm can benefit from being on a streamlined procurement process for the entire UK public sector. Founded in 1994, Commsworld is headquartered in Edinburgh, though has bases in London, Glasgow and Aberdeen and has grown to more than 100 staff operating across public and private sectors contracts.