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Penningtons Manches Cooper says it supported research on foreign-born founders of growing UK companies
Penningtons Manches Cooper said it supported Entrepreneurs Network research examining founders of Britain’s 100 fastest-growing companies. The firm said the analysis found that businesses with a foreign-born founder accounted for more than half of the companies and most of their combined pre-money valuation.
Key points
- The firm said 54 of the 100 companies had a foreign-born founder or co-founder.Penningtons Manches Cooper
- Penningtons Manches Cooper said those companies had a combined pre-money valuation of £15.84 billion.Penningtons Manches Cooper
- The firm said the founders represented 35 countries across six continents.Penningtons Manches Cooper
- Penningtons Manches Cooper said 29 companies combined British-born and foreign-born founders, while 25 had only foreign-born founders.Penningtons Manches Cooper