Glasgow’s Phlo named one of the fastest-growing tech companies in the UK
Glasgow-based healthcare and life-sciences company, Phlo, has been named the UK’s ninth fastest-growing technology company in the 2026 Deloitte UK Technology Fast 50 awards. The business achieved revenue growth of 3,846 per cent over three years.
Phlo was the highest-placed company in this year’s ranking from outside London and the southeast of England.
Edinburgh-based fintech, Aveni, also features in this year’s Fast 50, ranking 48th, with three-year revenue growth of 727 per cent.
The awards recognise and rank the 50 fastest-growing technology companies in the UK, based on average revenue growth over a three-year period.
Other Scottish businesses were recognised too. Simple Online picked up the Sustainable Growth award and Wordsmith AI won in the Rising Star category. Former Fast 50 winner Skyscanner was recognised with the Alumni Award.
Claire Robb, partner at Deloitte in Scotland, said: “The Fast 50 continues to showcase some of the UK’s fastest-growing and most innovative technology companies, and it is fantastic to see Phlo and Aveni as Scottish representatives in the top 50 this year.
“Their success demonstrates the ambition and resilience of Scotland’s technology sector, with businesses continuing to innovate, scale and pursue growth amid a challenging economic backdrop.
“Technology plays an increasingly important role in Scotland’s economy, and the success of Scottish firms recognised across this year reflects the strength of the entrepreneurs and teams behind these businesses and the contribution that fast-growing technology companies make to innovation, jobs and economic growth.
“Creating the right conditions for more of these businesses to start, scale and succeed in Scotland will be important to strengthening the country’s technology ecosystem as a whole.”
Alistair Murray, chief operating officer at Phlo, said: “Phlo set out to build a technology company that operates in healthcare, and that’s what has let us grow at pace while keeping the patient experience at the heart of everything we do.
“We’re just getting started,” he added.
Joseph Twigg, Aveni chief executive said: “Our mission has always been to drive safe, responsible AI transformation across financial services. As a company built in Scotland, we’re delighted to be recognised alongside some of the most innovative businesses in the UK tech sector, and we’re excited about the next stage of our growth.”
Pictured left-right: Chris Cullen, Phlo chief financial officer, Claire Robb, tax partner at Deloitte, Alistair Murray, Phlo chief operating officer and Rad Patel, healthcare and M&A director at Deloitte
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