The Fastest-Growing Companies in Northern Ireland | 2026

Words Lily Ruaah

The Fastest-Growing Companies in Northern Ireland | 2026

Possibly one of Northern Ireland’s most famous businesses is the story of the DeLorean.

Back in 1978, DeLorean struck a deal to set up shop with a factory near the Twinbrook industrial estate in Dunmurry, not far from Belfast. This move not only created a huge number of jobs for the area but also promised to churn out 30,000 DeLorean cars annually. It was a game-changer for the area, especially in the context of Belfast’s declining textile industry.

But back to the future, we’re looking at Northern Ireland’s economic landscape in 2026, in our third part of the UK’s fastest-growing companies.

Discover the Northern Irish business landscape

Before we get into the companies that made the list, let’s take a wider look and explore Northern Ireland’s business landscape overall. Currently in Northern Ireland, there are 79.0k active companies. Out of those active companies, 20.8k are headquartered in Belfast, approximately 26% of the total.

Industries and sectors

When it comes to industries in Northern Ireland, we continue to see overlap of the same three industries across all of the UK’s nations.

The top three industries for Northern Ireland currently are:
Property development and construction – 9.9%
Tradespeople and trade services – 6.3%
Restaurants, pubs, cafes and takeaways – 5.3%

Northern Ireland however is the first nation in our analysis to have Cars, motorcycles and other road vehicles at fourth place, making up 4.5% of all companies, with Automotive dealerships taking up the largest share of those companies.

Application software, which is the third most populous sector in England, and at second in Scotland, still makes it into Northern Ireland’s top five list at number five — and remains a huge industry across the UK.

The fastest-growing companies in Scotland

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Gender balance of directors

In Northern Ireland, 61% of active companies have exclusively male directors, while 12% have all-women directors, and 18% are led by director teams with an equal gender split.

Foundations and cessations

Company cessations hit an all-time high in Northern Ireland in 2025, when there were 15.5k cessations. That’s a huge 98% increase from 2024.

Looking at company foundations, numbers grew steadily from 2015 until 2024. However, foundations dropped in 2025, from 17.7k (2024) down to 11.4k. But still remain higher than they were in 2022.

Equity investment in Northern Ireland

Our annual report, The Deal, examines all equity investment into UK companies in 2025.
In 2025, Northern Ireland recorded the biggest increase in deal activity, with the number of deals rising by 13.2%. First-time deals also increased significantly, up 68.2%.

Overall, Northern Ireland accounted for 1.3% of all deals made, and 0.5% of all money invested.

The fastest-growing companies in England

Discover the key insights and trends behind the high-growth economy in England.

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Northern Ireland’s fastest-growing companies

To identify the fastest-growing companies in Northern Ireland, we’ve calculated turnover growth between each company’s two most recent financial statements.

To be included in the analysis, a company must have had comparable statements for the last two financial years, reported at least £100k in turnover in their base financial statement, and hit one of our Growth Signals.

To make our list of England, Wales, and Scotland’s fastest-growing companies, we used data from the Beauhurst platform, which was used in conjunction with research from the Sunday Times to create the Sunday Times Hundred. This ranking, published in the Sunday Times in June, ranks the UK’s fastest growing companies by sales growth over a three year period.

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Northern Ireland’s fastest-growing companies

10.

MiFinity

Location: BelfastGrowth rate: 99%

MiFinity is a global payments provider founded in 2002 (originally as NXSystems) offering an e-wallet platform used by more than a million customers to send, receive and manage funds in 17 currencies. CEO Paul Kavanagh and CFO Kieron Nolan led a management buyout of the business in 2020.

The company recently made the regional table as Northern Ireland’s fastest-growing private tech company in The Sunday Times 100 Tech, with a quarter of its £21.5m 2024 sales generated overseas.


09.

TeamFeePay

Location: BelfastGrowth rate: 106%

TeamFeePay is a sports technology company founded by former grassroots football coach Liam McStravick, who built a software platform to help clubs manage fees, registrations, fixtures and admin after growing frustrated collecting payments from players before training sessions. It now supports more than 1,500 clubs and around 300,000 users across the UK and Ireland.

The company closed a £9.00m equity funding round in January 2026 to fuel expansion into Europe and create 75 new jobs, having already been recognised in Ireland’s Deloitte Fast 50.


08.

Newpark Homes

Location: Fermanagh and OmaghGrowth rate: 113%

Newpark Homes is a family-owned residential developer based in Dromore, Omagh, led by Lynden Keys, building housing developments across Northern Ireland including sites in Derry City, Irvinestown, Enniskillen and Omagh.

The company has continued to expand its pipeline of developments across the west of the province, reflecting sustained demand in the regional housing market.


07.

ASEE

Location: Newry, Mourne and DownGrowth rate: 126%

ASEE is a mechanical and electrical engineering company based in Mullaghbawn, Newry, that has operated for over 45 years delivering industrial and engineering projects across the UK and Europe.

The company has grown its workforce significantly in recent years and remains one of the country’s established names in industrial engineering.


06.

Tinnelly Construction

Location: Newry, Mourne and DownGrowth rate: 129%

Tinnelly Construction is a Rostrevor-based building firm incorporated in 2002, led by directors Kathleen and Gerard Tinnelly, delivering domestic and general construction projects across the Newry, Mourne and Down area.


05.

Davison & Associates

Location: BelfastGrowth rate: 130%

Davison & Associates is a claims management and loss adjusting firm founded in 2009 by Brian Davison and his daughter Kathrine, specialising in major commercial and household loss cases across the UK and Ireland.

The Belfast-based business was acquired by US insurance giant Brown & Brown in 2023, alongside sister company Davison Lamont, in a deal that praised the family firm’s deep experience handling complex claims.


04.

Marcon Fit-Out

Location: Antrim and NewtownabbeyGrowth rate: 130%

Marcon Fit-Out is an interior fit-out specialist founded in Antrim in 2004 by Mark O’Connor and Mark McElroy, growing from five employees to more than 75 while working on major projects including Titanic Belfast, Guinness Storehouse and JD Wetherspoons sites across the UK and Ireland.

The company opened a second office in Leeds in 2021 to support growing demand in England and Scotland, and marked its 20th anniversary in 2024 with 20 new jobs created over the preceding two years.


03.

MJM Marine

Location: Newry, Mourne and DownGrowth rate: 206%

MJM Marine is a global marine outfitting specialist founded in Newry in 1983 by Brian McConville CBE, now run by his children Conleth and Naoimh alongside chief executive Gary Annett, delivering interior fit-out and refurbishment for cruise lines including Royal Caribbean, Silversea and Carnival.

Part of the wider Rathbane Group, the company invested £7m in a purpose-built 100,000 sq ft Newry manufacturing facility and has continued expanding into new divisions, including nautical technical solutions and its own carpet and upholstery arm.


02.

City Hotel Derry

Location: Derry City and StrabaneGrowth rate: 318%

City Hotel Derry is a 158-room hotel on the city’s Queens Quay, owned by a consortium of Derry-based investors and set to be rebranded as DoubleTree by Hilton.

The hotel signed its new Hilton franchise deal in 2024, with English operator Focus Hotels brought in to manage the property as part of its next phase of growth.


01.

VANRATH

Location: BelfastGrowth rate: 3,895%

VANRATH is a recruitment agency founded in Belfast in 2000, now one of Northern Ireland’s leading recruiters across accountancy, IT, HR, legal and public sector roles, working with clients including Deloitte Digital, Allen & Overy and Allstate.

The business has invested heavily in its Belfast city-centre base, including a £12.5m purchase of its Victoria House offices, and its 3,895% growth rate makes it by far the standout performer on this year’s list.

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