2021: a year of innovation and ambition, laying the foundations for growth
It feels like yesterday that I was writing our year in review for 2020. What a whirlwind the last 12 months have been. You think that when your business comes out of the start-up phase, things slow down. In fact, the pace increases alongside your own drive and ambition. Every success spurs you on to the next.
For us at BigChange, 2021 was a crucial year: we won significant investment and began building the foundations that will allow us to achieve incredible growth over the coming years. Here are some of our standout milestones and achievements.
Starting the year with a bang
In February, we announced that BigChange had raised £75m from Great Hill Partners, an growth specialist based in Boston, and that post-deal, BigChange was valued at £100m. This was an amazing time for me and the whole team here, as it crystalised that we were a market leader in our industry, and that we were really going for growth. We are aiming for unicorn status within the next few years, and we know we’ll get there.
We have gone from strength to strength since Great Hill came on board, bringing enormous expertise across international expansion and more. We have been able to invest across all areas of the business, and I have been able to move into a chairman role, which has been an exciting new challenge.
Consistently wowing customers
It’s easy to talk the talk but sales prove you can walk the walk. BigChange continues to win new customers and this year alone we secured £23m-worth of new contracts, taking our annual recurring revenues towards £20m. We have brought in 300 new customers over the past 12 months and now have a total of over 1,700 customers, with 50,000 users on our system.
Some of the brilliant new customers who came on board in 2021 include: double glazing specialist Anglian Windows; Sapphire Utility Solutions, which maintains water, wastewater and gas utilities; state-of-the art car repair centre Vertu Accident Repair; JBC Industrial Services, the leading industrial boiler and burner service and maintenance provider; Genting Casinos; and document-management company Shredall. It brings me great pride to see BigChange helping such a broad range of sectors.
Loyalty and customer satisfaction
It’s not all about new customer wins; at BigChange, we never stop trying to wow and delight our existing customers too. This is why we are so proud that we have retained our world-class Net Promoter Score of 80 plus. This compares to an average of 32 for most companies, so we are chuffed to bits with that. As we have grown, we have always tried to stay approachable and customer centric. We may be a technology company, but we still have a beating heart, and this NPS proves we are striking the right balance.
A lot of new faces
There can be no growth without a winning team, so we have made a significant investment in people this year, going from 170 to 250 colleagues. We have bolstered every part of the business, from our development department to the executive team. We now have the talent and expertise in place to give BigChange every chance of a storming 2022. It’s not always straightforward for a fast-growth technology company to find skills but we have managed to increase headcount by 80 because the culture here is second-to-none, as proved by our Best Companies to Work For two-star award this year.
Innovation at our core
We never rest on our laurels here at BigChange and in 2021 we completed 20 new development releases with lots of new features and innovations. Our customers have more control than ever before and are able to tweak the platform to the exact needs of their teams and business models. To ensure a steady pipeline of new, great features, we have also created The Big Ideas Portal so that customers can see what we’re working on and vote to prioritise the changes they want now. To make sure that everyone is kept up to date on the powerful new tools available, we have introduced lots of new modules in our BigChange University. We have now welcomed 5,000 students to these online webinars, which help users understand the breath of functionality we offer.
As regular readers of my blog will know, I have always been committed to giving back, both to my local community and to charitable organisations that are making a big difference to people’s lives across the world. Last year, BigChange linked our Motivational Monday series – our monthly events that welcome inspirational speakers – with charitable giving. This has been hugely successful and over the last 12 months, we have welcomed the likes of: Janet Street-Porter, the journalist and media personality; Kevin Sinfield OBE – or Sir Kev – the rugby player and campaigner; Tracey Neville MBE, the netball star who played for and coached the England team; and Benjamin Mee, who bought and reopened Dartmoor Zoo. Among the charities that the series has supported are: Living Potential Farm, which offers work experience to those with learning difficulties and disabilities; men’s mental health charity Andy’s Man Club; PhysCap, which works to improve the quality of life of children suffering from severe physical disabilities; Homeless Street Angels, which helps those sleeping on the street of Leeds; the community action charity CATCH, and veterans’ charity Help for Heroes.
Recognition for BigChange
Not so long ago I posted about the importance of entering awards. Winning trophies really does have an extraordinary effect on morale, and it’s an opportunity to stop and think about all you have achieved. This year, we finally collected our 2020 Queen’s Award for Enterprise in the Innovation category. We also won the Yorkshire Post’s Best Company 2021 in the £10m to £50m category. In the GP Bullhound Northern Tech Awards 2021, BigChange was recognised as one of the Top 15 Fastest Growing Larger Technology Companies in the North of England Scotland and Ireland. We were also nominated for several other awards and it’s always a pleasure to see your company listed among the great and the good of British enterprise.
So that’s it for 2021. I truly believe that we have now stepped onto a springboard and that the next five years will deliver exceptional growth and success, both for BigChange and our customers. Next year is set to be a big year for us: we will celebrate our 10th birthday, a real milestone for any growing company, as half of all start-ups never reach their fifth birthday. Thank you all for reading and for coming on this journey with me. Season’s Greetings! And my very best wishes for the New Year.