About 2.5m of this company’s smart energy meters have been installed in UK homes since it was started by Gary Martin, 38, and Mike Woodhall, 51, in 2010. The Harrogate-based firm designs and manufactures the display units in-house for delivery through energy providers such as Eon, EDF, Scottish Power and Ovo. The government’s smart energy rollout — which requires every household and small business to be offered a smart meter by their energy provider by 2020 — has boosted demand for Chameleon’s products. This helped sales almost double to £19.9m last year.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2018
Rank35
CompanyChameleon
ActivitySmart energy monitoring
LocationHarrogate
Average 3 year sales growth101.10%
Latest sales £000s19,890
Staff32
Founded2010
Websitewww.chameleontechnology.co.uk

If applicable:

* supplied by company † annualised figure