Logical Innovations Ranked 33 Fastest Growing Technology Company in Scotland

Logical Innovations attributes its 95.89 Percent Revenue Growth to the lasting partnerships it has developed with its customers and its commitment to excellent customer service that never stops at the delivery of its product.

Bellshill, Lanarkshire 14.11.05 ó Logical Innovations today announced that it ranked Number 33 in the 2005 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in the Scotland. Rankings are based on average percentage revenue growth over five years, from 2000-2004. Logical Innovations grew 95.89 percent during this period.

Logical Innovations Managing Director, David Buchanan, credits its strong commitment to customer service with the companyís 95.89 percentage revenue growth over the past five years. He said, Over 70% of our turnover comes from repeat business which is a direct result of the high-quality, long standing relationships we build with our clients.

ìBecause the Deloitte Technology Fast 50 measures sustained revenue growth over five years, being one of the 50 fastest growing technology companies in the UK is an impressive achievement, said Deloitte Technology partner Neil Cruickshanks for the Scotland Region. Logical Innovations deserves a lot of credit for its remarkable growth.

Fast 50 Selection and Qualifications
The Fast 50 list is compiled from Deloitteís nominations submitted directly to the Fast 50, and public company database research. To qualify for the Fast 50, entrants must have had 2000 operating revenues of at least 50,000 Euros. Deloitte researchers examined financial statements to validate operating revenues.

Entrants must also be public or private companies headquartered in a participating region of the UK and must be a ìtechnology company,î defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.