Recognising the rising stars of SA business
The South Australian Business Index will go beyond announcing the top-performing 100 companies in the state this year, adding three new prize categories in the areas of fastest growing company, best new arrival and rising star.
Alongside the top-ranked company in terms of revenue, InDaily hopes the three new categories will better capture movements across the year.
“The addition of three new prize categories should tell us a deeper story about the sectors that have grown stronger or shown resilience this year, and those that lagged,” said InDaily Publisher Amanda Pepe.
“We hope the list will better reflect the state of play right now in South Australia, as we single out the strong performers in the new categories.”
The new prizes will cover:
- Fastest-Growing company on the list (in terms of revenue), sponsored by SA Business Index Major Partner UniSA, which is offering a Growth Program prize.
- Rising Star award for the company that has moved the most number of places up the rankings since 2015, sponsored by Gold Partner HLB Mann Judd.
- Best New Entrant – the highest-ranking company not included last year, sponsored by Silver Partner Business SA.
Taylor Collison Sharebrokers and Investment Advisers undertook the role of independently assessing nominated companies and compiling the list on behalf of InDaily and the top 100 will be unveiled at the SA Business Index luncheon at Adelaide Convention Centre on Thursday, 20 October.
To be included in the Index, companies must have their head office in South Australia and have a turnover of at least $5 million per annum.
According to Scott Dolling, Director at Taylor Collison, the methodology used this year to build the index is based on a market capitalisation amount for each nominee with the list indexed by the size of this value. With listed entities, market capitalisation can be calculated using the active market for the shares on the ASX. With unlisted entities who only provide turnover, market capitalisation value is estimated by using industry margin benchmarking (with sources obtained from the ABS and ATO), along with an unlisted price to earnings multiple consistently applied to provide the most meaningful and comparable method when ranking the index.
The SA Business Index event will host 600 business leaders. Premier Jay Weatherill will deliver a performance review of the Investment Attraction Agency since it was created a year ago, and a panel will discuss and dissect the state of business in South Australia.
This year’s panel includes hospitality entrepreneur Josh Baker, IT and tech start-up founder Geoff Rohrsheim, UniSA professor Jana Matthews and Taylor Collison Director Scott Dolling. The duo behind Rooster Radio, Andrew Montesi and James Begley, will coordinate the panel and podcast it for publication on InDaily.
