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Date
24 June 2015

Mishcon Thinks: Explosive Growth: What is an explosive growth firm?

What is an explosive growth firm? Partner Kevin McCarthy, in conversation with Michael Hayman MBE, explains what makes a business explosive.

Transcript

Mishcon Thinks: Explosive Growth: What is an explosive growth firm?

Michael Hayman MBE
Seven Hills

Kevin McCarthy, Corporate Partner at Mishcon de Reya now explosive growth firms are very much in the public eye at the moment.  Just tell us, what is an explosive growth firm?

Kevin McCarthy
Partner, Mishcon de Reya

An explosive growth firm is… is actually different things.  There is the main understanding of what that phrase means that is those companies who have done something very dramatic, very huge, multi-billion dollar headlines and those are undoubtedly explosive growth companies but they are not the entirety of what we mean by explosive growth.  That phrase, that idea, captures businesses who have gone from something quite small and experienced their own explosive growth within the context of what they are doing albeit on a smaller scale.

Michael Hayman MBE
Seven Hills

Give me an example of an explosive growth company?

Kevin McCarthy
Partner, Mishcon de Reya

We are working with a number of companies in that sphere.  I mean there are different sectors which see companies such as Lovespace, Centtrip, companies which we have identified as being companies really on the fast track to doing something but not all of those companies are those huge companies, some of them are explosive, experiencing explosive growth in the sense that they are coming from very small roots and experiencing something very significant within their context.

Michael Hayman MBE
Seven Hills

Are they in a certain sector like technology for example?

Kevin McCarthy
Partner, Mishcon de Reya

No, no they are not all in a certain sector.  There are some, I think it is true to say, many of them are taking advantage of new technologies or new trends in the market but its technology, its life sciences, its other things which are spawning from new developments in the market.

Michael Hayman MBE
Seven Hills

Now you captured a great gang of these companies in Elite.  Tell us a little bit about that?

Kevin McCarthy
Partner, Mishcon de Reya

Yeah so what we did was we said these are the companies we want to be working with so where do we find them, who are they and we came up with the idea of let’s identify 100 companies who we think either are already on or are going to be on that explosive growth track and measuring that explosive growth over the next year or two years within the UK.

Mishcon de Reya