UK games stalwart Team 17 has been named as “One to Recognise” by The Sunday Times BDO Profit Track 100.
The BDO ranks Britain’s fastest growing 100 companies and is published by the paper each April, with an awards event taking place in June. The One to Recognise award is designed to highlight a company that fell just short of the Top 100, but has performed well and has great prospects.
“We are very proud to be the first and only gaming company to win this award,” Team 17 founder and CEO Debbie Bestwick said. “I would like to thank everyone at Team17 along with our partners across our label for the high level of hard work and focus. This is a team effort.
“When we embarked upon the process of partnering with a private equity investor in 2016 we also wanted to send a signal to the wider business world of the benefits in investing in the UK games sector. It’s an exciting, dynamic industry and an honour to represent it; we hope our continued growth and the work we are doing will hopefully help outside investors see the sector in a more positive light.”
Ukie CEO Jo Twist added: “Team17 has established itself as a leader in the UK indie games scene, and have really set themselves apart as an example of the creativity and business success that exemplifies the UK games industry.
“Games businesses in the UK continue to go from strength to strength, owing to our fantastic homegrown talent, technological innovations and business environment which allows them to thrive, and it is pleasing to see Team17 recognised among the best of British business with this award.”
Private equity firm Lloyds Development Capital invested £16.5m in Team17 last September. The publisher said the investment will help speed up its efforts in becoming a global player, with more potential acquisitions on the cards. LDC, which is part of Lloyds Banking Group, has taken a minority stake in the company, and may offer more funding and support should the need arise.