Dan McGuire, managing director of Broadbean Technology, has been named Young Entrepreneur of the Year at the CBI’s Growing Business Awards.

John Caudwell, the telecoms billionaire and founder of Phones4U, presented McGuire with the prize that celebrates heightened ambition, energy, skill and vision in entrepreneurs under the age of 30 at a ceremony at the London Marriott.

McGuire said: “I’m absolutely delighted. There are not many awards I could win in my entire career that have the same magnitude as this; and to accept it in front of my team and so many of Britain’s most successful entrepreneurs made it all the more special.”

McGuire faced a panel of judges including Sir Chris Evans, chairman of Merlin Biosciences, and the notorious entrepreneurs Deborah Meaden and Peter Jones from BBC’s Dragons’ Den before receiving the award.