GLASGOW-headquartered well-being company, The Original Fit Factory, has been ranked as Scotland’s fastest growing technology company this year in Deloitte’s 2023 UK Technology Fast 50 awards. Ranked 5th overall, the awards recognise and rank the 50 fastest growing technology companies in the UK based on average revenue growth over a four-year period.
The Original Fit Factory has achieved an impressive improvement on its position of 50 last year, demonstrating its rapid and sustained growth in a highly competitive technology sector. The growth is due to its aggressive acquisitive approach, coupled with its vision to elevate the wellbeing journey of millions around the world through an ecosystem of accessible products and services.
Acquisitions include nutrition and wellness brand Smart Protein, fitness and yoga studio franchise TruFusion, sustainable lifestyle apparel brand Niyama Sol, and remote events platform Virtual Run, among others. Combined, the acquisitions have resulted in The Original Fit Factory’s exponential growth of 14,854% in the last year, and a value of £500m according to its latest funding round.
The Scottish business was launched in 2016 by fitness industry expert David Weir, with two core services; TV.FIT Productions, is the vision and creator behind world-class workout programs and TRUCONNECT, the leading global fitness and wellbeing community app. At the inception of TRUCONNECT, it entered 71 countries with two mega deals, including a global insurance company and leading Indian outfit worth £7.5 million and £30 million pounds respectively. The business has since expanded into an ecosystem of brands under one parent group ‘The Original Fit Factory’.
On the company’s recognition as the fastest growing technology company in Scotland, David Weir, GROUP CEO and Founder of The Original Fit Factory said: “This is an immensely proud day for everyone associated with our company. As a collective, we’ve worked incredibly hard to achieve this growth and it’s an honour to get the recognition and acknowledgment of these awards.
“We’re incredibly passionate about making a healthier way of living easier and more accessible to everyone around the world, and we are even more determined to accelerate in the next year too.”
The Original Fit Factory is one of the 50 UK technology companies that have been recognised by Deloitte for their exceptional growth and innovation. The full 2023 UK Technology Fast 50 list can be found below.
