Latest news with #DFYNE
Scotsman
8 hours ago
- Business
- Scotsman
Scottish brand with staggering 517% sales growth named UK's fastest-growing company
'There is always a bit of luck involved and anyone who has done well who says otherwise is not really telling the truth' – DFYNE founder Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... A Glasgow-based activewear brand has been named the UK's fastest-growing private company. The DFYNE business sells gym attire for men and women and has enjoyed 517 per cent average annual growth in the last three years, according to the latest Sunday Times 100 rankings. The firm generated revenues of £66.8 million in the 12 months to May. Advertisement Hide Ad Advertisement Hide Ad Three Scottish companies made it into the 2025 listing - the other two being Ayrshire-based heating and insulation installer Green Home Systems, in 39th place, and Edinburgh-headquartered restaurant chain Maki & Ramen, which grabbed 78th spot. Activewear brand DFYNE is based in Glasgow, above. DFYNE employs almost 130 people at its headquarters in Glasgow, and it is the third business that its founder, Oscar Ryndziewicz, has launched. He said: 'There is always a bit of luck involved and anyone who has done well who says otherwise is not really telling the truth. But if you don't try you are never going to get lucky.' Health and fitness brands have emerged as being among Britain's fastest-growing private companies as entrepreneurs across the country tap into blossoming lifestyle trends. Advertisement Hide Ad Advertisement Hide Ad In the number two spot UK-wide is Healf, a London-based retailer selling health products from vitamins and minerals to fitness watches and sleep masks. The company's sales increased more than fivefold on average over the past three years, with it making £40m in the latest year, the research found. Other firms included in the top 20 that have tapped into the burgeoning demand for wellness include Ancient + Brave, a brand selling collagen and dietary supplements, and Rheal, a Sunderland-based superfoods retailer. Sportswear brand Montirex and health-focused meal delivery firm Simmer Eats also clinched spots in the annual list. The publication compiled its fourth annual list by examining sales growth figures across private companies - excluding those selling their own technology, which feature in a separate table. The listing is sponsored by Barclays Private Bank and supported by S&W, the professional services firm, Oracle NetSuite and Singer Capital Markets. Elsewhere, Nala's Baby, which sells skincare and haircare products for children and babies, was number ten in the rankings, having enjoyed sales growth of 175 per cent over the past three years. Advertisement Hide Ad Advertisement Hide Ad The brand was founded by Casyo Johnson - otherwise known as Krept, one half of UK rap duo Krept & Konan - with co-parent Sasha Ellese in 2022. The research also found that, of the 100 companies featured in the rankings, more than a third (36) are based in London, with the rest spread throughout the UK. There were 28 businesses included this year that have female founders or co-founders, including fashion brand Odd Muse, in fourth place, and jewellery business in ninth. About half of the companies on the list trade internationally, according to the research. Mo Syed, head of Barclays Private Bank and Wealth Management UK, said: 'This prestigious ranking celebrates the innovation, ambition and resilience of Britain's entrepreneurs - qualities that we at Barclays Private Bank are privileged to support.
The Herald Scotland
11 hours ago
- Business
- The Herald Scotland
Glasgow activewear brand tops Sunday Times 100 list
This year The Sunday Times 100 excludes companies that sell their own technology, which now feature in the sister table, The Sunday Times 100 Tech, which was launched in January 2025. DFYNE made £66.8 million in sales in the 12 months to May 2025, a staggering 517% average annual growth in the last three years. It sells cleverly-designed clothes for women and men, who like to go to the gym, all over the world. DFYNE employs 128 people at its headquarters in Glasgow and for founder, 32 year-old Oscar Ryndziewicz, this is the third business he has launched. READ MORE: Mr Ryndziewicz started the company using his girlfriend's credit card £5,800 limit. In an interview with The Sunday Times, he reflected on the success of his business, saying: 'There is always a bit of luck involved and anyone who has done well who says otherwise is not really telling the truth. But if you don't try you are never going to get lucky.' The research for The Sunday Times 100 found on average the top 100 fastest-growing companies have increased their sales by 111% a year over the last three years to a combined £3.4 billion in sales. This figure is up by £500 million year-on-year, with the 2024 top 100 fastest growing companies achieving £2.9 billion in sales. In total these companies employ 15,300 people, having created 10,500 new jobs in the last three years, with all of them planning further hires in the next 12 months - equating to around 5,300 additional roles. Out of the 100 companies featured in the ranking more than a third (36) are based in London, with the rest spread through-out the country. Alongside DFYNE, two other Scottish companies made the list in Heating and insulation installer Green Home Systems and restaurant chain Maki & Ramen. DFYNE employs 128 people at its headquarters in Glasgow Green Home Systems made £16.8m in sales in the twelve months to May 2025, a 106% average annual growth in the last three years. Meanwhile, Maki & Ramen made £18.9m in sales in the twelve months to May 2025, a 67.65% average annual growth in the last three years. Jon Yeomans, business editor of The Sunday Times, said: "The Sunday Times 100 is the definitive annual ranking of Britain's fastest-growing private companies and demonstrates the remarkable entrepreneurial spirit thriving across Britain. DFYNE's meteoric rise is a testament to the power of innovation and resilience in the private sector. It's inspiring to see how these businesses are not only achieving phenomenal growth, but also creating thousands of new jobs and opportunities." Mo Syed, Head of Barclays Private Bank and Wealth Management UK and Crown Dependencies, said: 'We are proud to be the lead sponsor of The Sunday Times 100 Fastest Growing Companies once again. This prestigious ranking celebrates the innovation, ambition and resilience of Britain's entrepreneurs – qualities that we at Barclays Private Bank are privileged to support. As these dynamic businesses scale and evolve, we're committed to being the trusted partner for their strategic wealth, investment and succession planning, supporting them at every stage of their personal and business journey.' The research for the Sunday Times 100 was conducted by our business reporters, in partnership with Beauhurst, a source of private company data. As well as a dedicated online hub and print supplement, The Sunday Times 100 also hosts a series of networking events for participants. To be included on the list companies have to be registered in the UK and be independent, unquoted and ultimate holding companies. Sales growth is measured by compound annual growth rate (CAGR) over the latest three financial years. Annualised sales have to exceed £250,000 in the base year and not show a drop from the penultimate to the latest year, in which total sales must exceed £5m.
The Independent
11 hours ago
- Business
- The Independent
Health and wellness firms dominate list of the fastest-growing in Britain
Health and fitness brands are among Britain's fastest-growing companies as entrepreneurs across the country tap into blossoming lifestyle trends, new rankings show. Research for the annual Sunday Times 100 found that Glasgow-based activewear brand DFYNE took the top spot this year. The business, which sells gym attire for men and women, enjoyed a more than 500% increase in sales on average over the past three years. It made nearly £67 million in sales in the year to May. In the number two spot is Healf, a London-based retailer selling health products from vitamins and minerals to fitness watches and sleep masks. The company's sales increased more than fivefold on average over the past three years, with it making £40 million in the latest year, the research found. Other firms included in the top 20 that have tapped into the burgeoning demand for wellness include Ancient + Brave, a brand selling collagen and dietary supplements, and Rheal, a Sunderland-based superfoods retailer. Sportswear brand Montirex and health-focused meal delivery firm Simmer Eats also clinched a spot in the annual list. The Sunday Times 100, a network of reporters from across the Times newspapers, compiled the fourth annual list by examining sales growth figures across private companies – excluding those selling their own technology, which feature in a separate table. Elsewhere, Nala's Baby, which sells skincare and haircare products for children and babies, was number 10 in the rankings having enjoyed sales growth of 175% over the past three years. The brand was founded by Casyo Johnson – otherwise known as Krept, one half of UK rap duo Krept & Konan – with co-parent Sasha Ellese in 2022. The research also found that, of the 100 companies featured in the rankings, more than a third (36) are based in London, with the rest spread throughout the country. There were 28 businesses included this year that have female founders or co-founders, including fashion brand Odd Muse, in fourth place, and jewellery business in ninth. About half of the companies on the list trade internationally, according to the research.
