• Damian Kimmelman, Co-founder and CEO, DueDil

    “People often say that The Valley doesn’t have the fin, and New York doesn’t have the tech, but I am convinced that London has the fintech”

Research partner foreword

As an American entrepreneur, I’m often asked why I’m building a business here in London, rather than in New York or San Francisco, or anywhere else for that matter. The answer is quite straightforward: something transformative is happening in the UK. 

People often say that The Valley doesn’t have the fin, and New York doesn’t have the tech, but I am convinced that London has the fintech. This is in part because of the UK’s fortuitous geographical position. It sits between west and east, between the US and Asia, its time zone allowing it to act as a bridge and trading hub for the two largest markets in the world.

Over the past few years, Britain has also created an incredibly friendly environment for start-up and growth-stage companies. From visa policies for entrepreneurs, to tax incentives such as SEIS and EIS, to the abundance of serendipitous fintech opportunities within the financial community, the UK – and specifically London – has become one of the most exciting places to launch and grow a business.

I started DueDil partly to take advantage of this great business environment, but primarily to help others discover and pursue the endless business opportunities within the UK’s burgeoning economy by organising all of its private company data.

When London Stock Exchange Group first approached us regarding the 1000 Companies to Inspire Britain project, we were delighted as we believe LSEG and DueDil share a very similar mission. This is to help drive the British economy’s renaissance by identifying the companies at the forefront of growth and providing them with the exposure, the opportunities and the tools they need to thrive.

We also knew that this project would be a great showcase for DueDil and the sophisticated tools we’ve built for filtering, segmenting and analysing the tens of millions of companies in our database based on dozens of third-party and proprietary datasets. To determine this year’s list, we insisted on at least three years of consistent turnover growth in the £6m–£250m range, a healthy balance sheet and strong credit health. These are solid UK SMEs with real forward momentum.

All of these companies are worth celebrating, and we can learn much from their success. It has been a real honour to work on this project and I look forward to following the progress of these 1,000 inspirational companies over the months and years to come.

Damian Kimmelman, Co-founder and CEO, DueDil