Companies growing twice as fast as they did in 2014
British Columbia’s 100 fastest-growing companies are growing twice as fast as they did five years ago, according to data collected on Business in Vancouver’s Fastest-Growing Companies in B.C. list (pages 10–13, 15).
In 2019, the province’s fastest-growing companies reported an average increase in revenue of 476.3% from 2014 to 2018. This was more than twice the average growth reported by the 100 fastest-growing companies in 2015, which grew an average of 235.9% from 2010 to 2014.
While average growth rates doubled, the fastest-growing companies are not much larger than they were in 2015. Five years ago, the top 100 fastest-growing companies reported average revenue of $437.7 million. In 2019, average revenue was only 1.8% higher at $445.4 million. Average revenue was affected by a steep decline in revenue in the intermediary years. From 2015 to 2017, average revenue for the top 100 fastest-growing companies fell by 37.8% to $272.3 million.
While average revenue size has recovered, median revenue size has yet to return to 2015 levels. In 2015 the median revenue was $67 million; two years later it had fallen 56.9% to $28.9 million. Median revenue has since grown by 36.4% but has not yet rebounded to its 2015 level.
No. 45 Paladin Group of Cos. had the highest jump in rank on BIV’s list. It moved up 42 spots in 2019 from 87 in 2017. During this time, Paladin more than doubled its five-year revenue growth rate to 153.3% in 2019 from 67.8% in 2017. In 2018, Paladin’s revenue reached $475 million.
No. 85 Ballard Power Systems Inc. recorded the steepest decline in rank on BIV’s list, moving 39 spots down the list from 46 in 2017. Ballard Power’s growth dropped by more than half over the three-year period. In 2016, Ballard Power had a five-year revenue growth of 158.7% but by 2018 it was cut to 64.9%. In 2018, Ballard Power reported revenue of $125.1 million.
No. 36 Imperial Metals Corp. had the third-highest climb up BIV’s list, moving up 26 spots from No. 62 in 2017. This movement was fuelled by the company’s five-year revenue growth increase to 175.1% in 2018 from 114.8% in 2016.
Despite this longer-term rise in growth, Imperial Metals’ revenue has declined since 2017, falling 15.9% to $360.2 million in 2018 from $428.2 million in 2016. •
By: Business in Vancouver
GuidedBy is a community builder and part of the Glacier Media news network. This article originally appeared on a Glacier Media publication.
North Star Montessori – Student Parent Teacher Q&A
STUDENT:Lukas What do you like best about attending your school? I love the hands-on experience I get from my school. I...
St. Thomas Aquinas – Student Parent Teacher Q&A
STUDENT:Anna G. What do you like best about attending your school? I like that I am constantly surrounded by people who...
Alcuin College – Student Parent Teacher Q&A
STUDENT:Gavin B. What do you like best about attending your school? Everything! The teachers at Alcuin make it a great...
Island Pacific School – Student Parent Teacher Q&A
GR 8 STUDENT:Oliver Y. What do you like best about attending your school? I love that the teachers are very supportive,...
Kenneth Gordon Maplewood School – Student Parent Teacher Q&A
STUDENT:Colette J. What do you like best about attending your school? Before coming to KGMS, I found math and writing very...
Tips to Find the Right Private School
Many families in Canada are turning to private and independent education. Searching for the right school is not a sprint; it’s...
Elderly pug pilots pooch wheelchair designed at BCIT in Burnaby
Elderly canines with osteoarthritis could soon stay mobile with a dog wheelchair developed at BCIT in Burnaby. The device –...
EDITORIAL: Squamish memories of first jobs
Summer is here and for many Squamish youngsters that means taking on their first real paid work. First jobs can be fun as...
Young entrepreneurs put book and business smarts to practical use
Sponsored Content School may be out for the summer, but Richmond’s Summit Learning is offering young students a chance to put...
Looking for an International Baccalaureate education in French?
Sponsored Content Since its inception in 1995, the Conseil scholaire francophone (CSF), or School District 93, has...
Do dress codes have a place at work anymore?
The B.C. legislature recently bent to social media pressure and changed its dress code to allow women to wear sleeveless...
UBC, Amazon partner on tech giant’s first cloud technology centre for Canada
Amazon.com, Inc. is expanding its expertise on campus at the University of B.C. The tech giant announced July 10 that its...
Refreshing Your Home for Spring/Summer
There are many ways you can refresh your house for the spring/summer season. These projects can provide your house with the...
4 Dishes to Make with Summer Peaches
Summer is the perfect time of year to experiment with different ways to use peaches. These juicy, refreshing fruits can be...
How to Create a Zero-waste Household
Reducing your household waste can help the planet in many ways. You may even be able to eliminate your waste completely if...
7 beauty trends for summer 2021
You may be looking forward to re-entering society this summer or at least looking better during a video meeting. Beauty trends...
Four fabulous experience gift ideas for mom this Mother’s Day
If you’re tired of giving the same old types of Mother’s Day gifts, treat your mom with an experience instead. There are many...
Working from home? 4 tips for your home office setup
Working from home can be a better experience for you with the right office setup. Setting up your in-home office correctly can...
Everyone's whipping up dalgona coffee, the viral drink catching tons of buzz
Over the last couple of weeks, you might have noticed people posting photos of an unusual-looking coffee drink. What appears to...
This virtual platform connects pet owners with veterinarians
If you are worried about the health of your pet during the COVID-19 pandemic, you are not alone. Whether you are too...
Stuck At Home? These BC Breweries Will Deliver Beer to Your Door
Thankfully, a number of B.C. craft breweries offer online sales, with delicious craft beer available to be delivered right to...
How To Decorate Your Rental So It Feels Like Home
The right bath and hand towels can add energy to a room. Photo: Barb Lunter Older rental suites can sometimes be plagued...
Spring Decor Tips to Refresh Your Space
Fresh flowers, topical coffee table books and garden ornaments used cleverly indoors are a few ways...
How To Be Ultra-Productive While Working Remotely
Canadians across the country set up laptops and cellphones to work from home on Monday to avoid COVID-19. While it’s a new...
B.C. research suggests no mental health benefits to eating your placenta
A new study published May 2 has suggested there are no mental health benefits to eating your placenta. The new research...
40 years of perfecting the party
Four decades is a long time, and it is especially long in the competitive hospitality industry, which is cutthroat and not for...
8 awesome things to do in Whistler besides ski and snowboard
While skiing and snowboarding are a great deal of fun, Whistler offers a plethora of fun activities that you must try. From...
Canada's Event Planning Star, Soha Lavin
You could say that event planning is in Soha Lavin’s blood. Indeed, the founder of Vancouver-based CountDown...
Chef Trevor Bird shares cooking tips and recipes for busy parents
We get it, parents are busy. In Vancouver at least, it’s typical that both parents work, which can make dinner time more than...
Do couples still do date nights? They should if they want to last
My sensible wife reminds me that Valentine’s Day is only a Hallmark holiday – a day when florists are overwhelmed selling roses...
‘Dreams of Tahiti’ cruise one for the bucket list
It’s hard to describe all of the colours of the ocean surrounding the Society Islands, an archipelago in French Polynesia...