Online nominations will be accepted from 4 August to the new extended
deadline 14 October 2009. Companies that rank among the top 50 in terms
of percentage growth between financial year 2007-2008 (FY2008) and
financial year 2008-2009 (FY2009) will be notified in October. Companies
that do not produce substantiation of claimed FY2008 and FY2009 net
sales before the extended deadline of Wednesday October 14, 2009
midnight EST will likely be removed from consideration for the list.
The ranking will be done solely on the basis of the growth of net sales revenue
from financial years 2007-2008 to 2008-2009, in percentage terms. We will calculate
the percentage growth rate for this period.
The winner of the CRN Fast50 must:
- sell, resell, recommend, design or implement IT products and/or services to business end users;
- have net sales revenue of at least $250,000 in financial year 2007-2008;
- be based in Australia;
- be established and have traded before 1 July, 2007.
Vendors ("manufacturers") and distributors are NOT eligible for the list.
To confirm your accrued, financial-year net sales revenue for FY2008 and FY2009 you must submit:
- A statement by a company director on company letterhead confirming the sales figures, and
- Either:
a) A statement from an independent accountant confirming sales figures OR
b) ASX or ASIC filings OR
c) a notarised, signed affidavit signed by the same company director.
Please email all supporting documentation to
CRN Editor - Sholto Macpherson.
An affidavit is a sworn statement witnessed by a notary public. The process is generally easy and
inexpensive – the standard cost in NSW is $90. Most accounting firms have links to notary publics
and can organise or advise their clients on them. Otherwise, this website will find a notary public
for you.
http://www.notarylocator.com.au
No. The ranking will be based solely on revenue growth, not the degree of profitability.
No. Again, the ranking is done solely on the basis of revenue growth.
As long as your company is independent and meets the other criteria listed above,
it does not matter how it is structured.
Then you are not eligible for the list unless your company was acquired after June
30, 2009.
Then you are still eligible for the list, but please make sure that your net sales
revenue figures reflect only the net sales revenue of your division, not the entire
company. In this case, you must supply sales revenue documentation from an independent
accountant; internal sales figures will not be acceptable.
Then you are not eligible for this year's list, though you may be eligible for future lists.
Your company must have been founded or commenced trading before the start of 1 July 2007, so
that we have a full year's worth of sales revenue from FY2008 to use as the base for
calculating revenue growth rates. Partial-year revenues in the base year would give a very
unfair advantage to the company and a skewed perception of the change in performance.
In this case, your company is not eligible for the list. This minimum level of sales
will be strictly adhered to.
Please fill out the application with your new name and include in parentheses after
the name "(was OLD NAME)".
Then you must adjust your company's sales data accordingly so that the data you
report to us does coincide with the financial year. This enables us to compare all
respondents using the same time period.
Adjust your net sales revenue figures to reflect periods for FY2008 and FY2009 in
order to fill out the application. When you submit supporting documentation, it
must include all relevant periods.
No. Before filling out the application, you must convert your net sales revenue
figures to an accrual basis. To convert cash to accrual, start with cash receipts,
subtract the beginning accounts receivable, and add ending accounts receivable.
We plan to publish a comprehensive special report later in the year on the results
of this study. The list of the fastest-growing companies will be published in order
of rank, including the company's name, headquarters address, phone number, capsule
business description, CEO, Web site URL, and revenue growth figures. This listing
will also appear online, with a direct link to the company's web site.
We divide FY2009 net sales revenue by FY2008 net sales revenue, subtract 1 and multiply
the result by 100.
For example, say FY2009 net sales revenue totalled $10,000,000
and FY2008 net sales revenue totaled $5,000,000.
$10,000,000/$5,000,000=2
2-1=1
1X100=100
Growth is 100%.
Your competitors probably already know more about you than what we'll be printing
in the Fast 50: Company name, location, FY2009 net sales revenue, growth rate, phone
number, capsule business description, CEO and web site. The US CRN polled its 2004
Fast Growth 100 alumni (on which the Fast 50 is based), and not one of them reported
a negative experience with being published in the Fast Growth 100. In fact, 89 percent
reported a noticeably positive effect, usually in terms of increased sales, a higher
profile among vendors, better access to CRN reporters and boosts to employee morale.
The remaining 11 percent simply noticed no effect.