An Ulverston firm has been listed among the fastest growing tech companies in Britain.

Online retail platform Fruugo, in Fountain Street, was ranked 24 on the annual Sunday Times Hiscox Tech Track 100 league table, which ranks private technology, media and telecoms companies with the fastest-growing sales.

Fruugo has grown its annual sales by 116 per cent over the last three years, and been used by two million shoppers in 17 languages and 32 countries.

The business was originally launched in Helsinki, Finland, in 2008 and bought by its existing directors Dominic Allonby and Darren Naylor in 2012.

Fruugo stocks and stores no products itself, but instead specialises in driving traffic to its website to make sales which are then directly fulfilled by retailers around the world.

Retailers pay a certain percentage per sale and then send the product to the buyer.

“Retailers are finding it to be an effective way of growing their sales,” said chief commercial officer Tony Preedy.

“There is no outlay and it just brings sales to their door. With the Pound having depreciated over recent months retailers are a lot more attractive to non-British shoppers.”

He said over the next two months, Fruugo would expand its operation to take in countries including Israel, Greece, Hungary, the Czech Republic and Slovakia, with the aim of taking the total number of countries it covers to 40 by the end of the year.

The company employs 35 people across offices in Ulverston, in Helsinki and at a base in the West Midlands.

Tony said it was looking to grow its team and was looking for staff including business analysts, website developers and account managers.