The Sunday Times ARM Tech Track 100 is the first league table of its kind to rank Britain's fastest-growing unquoted technology companies, based on sales growth. It is compiled by Oxford-based research company Fast Track. Companies' sales growth in the top 100 league table range from 44% pa to 422% pa, with sales between 1m and 39m. Despite current economic conditions, 76% of the Tech Track 100 companies are in profit; and, on average, the companies expect to grow by a further 70% this year to combined sales of 740m. The 100 companies employed a total of 5,270 staff in 2000, and have since created a further 3,344 new jobs. Indeed, in just 3 years since Demica was established the company has created 85 new jobs.
Demica was founded by CEO, Tim Nicolle, and his partners to create a technological platform which automated the capture, workflow, business rules and complex reporting requirements of securitisation in a multi-currency, multi-timezone, multi-jurisdiction and multi-company environment. Demica's financial markets solution, Citadel, provides support for all aspects of the securitisation process for trade receivables and other financial assets; this includes the management of trade flows, transaction management, payments, accounting, together with full back office functionality for treasury and wholesale banking. Commercial lenders are using Citadel to automate the
provision of receivables data and set lending rates and decisions, whether or not a securitisation is involved. Some organisations are now looking to adopt Citadel as their standard transaction processing platform.
Tim Nicolle and his partner Simon Potter have extensive experience of financial engineering, complex risk management and treasury issues and have advised on over $7.5 billion of securitisation transactions for clients worldwide. Their work has employed different types of receivables (first mortgages, second mortgages, vehicle leases, hire purchase agreements, stocking finance contracts, sales aid finance leases). Amongst them, a variety of different methods of credit enhancement were employed (insurance, re-insurance, senior-subordination, capitalisation, letter of credit). One transaction is reported to be the most complex deal executed within the European markets. In
addition, transactions have included an analysis of the implications of US, German and UK accounting principles (i.e.: producing transaction structures which are off-balance sheet in the UK, the US and Germany).
Demica's technology is now employed by global banks and finance houses, trade credit insurers, large corporates, outsourcers and ASPs, and financial management consultancies.Finally, all of the company's business is export.