London, 6th December 2011 – Online marketplace, notonthehighstreet.com, has today announced their success in both The Sunday Times Virgin Fast Track 100 and Deloitte’s UK Technology Fast 50. The high-profile awards are based on both revenue and financial performance, and with a rapid growth rate of 2720% over the past five years, notonthehighstreet.com was a clear contender.

Initially supporting 95 creative small businesses notonthehighstreet.com now supports over 2,000 enterprises, 96% of which are run by women. Female ‘kitchen table’ entrepreneurs selling through the site are seeing increases in sales of up to 280% per year, despite the recession. 2011 Christmas sales are also proving to be strong, with Cyber Monday on 28th November achieving the highest selling day ever in the history of the company.

Co-founders Holly Tucker and Sophie Cornish launched notonthehighstreet.com in 2006 with a vision to provide an original and innovative selling platform for small creative businesses. Unable to compete with their larger high street competitors, notonthehighstreet.com provided small businesses with an online ‘storefront’ to showcase and promote their unique products to a larger audience, delivering something new and exciting to shoppers searching for a twist on the traditional.

These outstanding growth figures landed notonthehighstreet.com 8th in the prestigious Deloitte’s UK Technology Fast 50 as well as 40th in their Fast 500 EMEA, with only seven UK-based companies placed ahead of them, an incredible feat for such a young company. This rapid growth also ensured the company’s placement on another prestigious award, with notonthehighstreet.com ranking 9th in The Sunday Times Virgin Fast Track 100.

Deloitte’s UK Technology Fast 50 and Fast 500 EMEA recognise companies that have achieved the fastest rates of revenue growth in Europe, the Middle East, and Africa (EMEA) during the past five years. Previous winners include some of the most dynamic players in tech, biotech and digital media technology. The Sunday Times Virgin Fast Track 100 champions the UK’s top-performing private companies and entrepreneurs and is based strictly on financial performance. To win both is testament to the company’s ever-growing strength.

Holly Tucker, Co-founder of notonthehighstreet.com, comments on their rapid success and its female-led business partners:
“It’s very rewarding for our community to be recognised by both awards for our fast growth and success even in this current retail climate. We are proud to be supporting such successful small businesses and to be part of such a notable contribution to the UK economy, especially during an economic crisis. We feel passionately that with so many women setting up thriving businesses it’s essential that the government continues to provide incentives such as tax reliefs and investment.

Sophie and I know the barriers that women can face in the world of business and with small businesses contributing billions of pounds annually; it’s time to start reducing the barriers for home entrepreneurs to help drive the economy. Awards such as The Sunday Times Virgin Fast Track 100 and Deloitte’s UK Technology Fast 50 are essential in building business profiles and acknowledging the contribution SME’s are making.”

With plans for international expansion in 2012, notonthehighstreet.com is building an army of female entrepreneurs that will play an essential role in reinforcing the UK’s economy.

About notonthehighstreet.com

Notonthehighstreet.com brings together over 2,000 creative small businesses that combined sell a wide range of products through a single checkout. The company was an overnight success when it launched in April 2006 with 16,000 unique visitors to the site on the first day. Notonthehighstreet.com’s turnover leapt from £100,000 in its first year to £15.1million in 2010. Over 40 small businesses apply to join notonthehighstreet.com each day, and only a small percentage are accepted to ensure the best possible quality. The company was the first UK business to launch Group Gifting a social commerce tool that allows customers to split the cost of a gift with friends and collectively contribute towards the total price.

The company has undergone three funding rounds, the latest in 2010 with Index Ventures (Skype, Net-a-Porter) and Greylock Partners (Facebook, LinkedIn) to the value of £7.5m.

Notonthehighstreet.com has received 20 awards for entrepreneurship and customer service to date, being named 16th in Media Momentum’s 2011 Top 50 of the hottest digital media companies in Europe and Holly Tucker and Sophie Cornish crowned Media Momentum's 'Women of the Year'. The company employs over 65 staff at its headquarters in Richmond-upon-Thames, Surrey.

ENDS
Note to Editors: Co-founders Holly Tucker and Sophie Cornish are available for interview. For further information and photos please contact Emma Wood, PR Manager at press@notonthehighstreet.com or on 07885 722 970

Published on: 2:15PM on 6th December 2011