Formed in 1981 by former employees of GEC Gas Turbines, this Lincoln company services, overhauls and upgrades gas and steam turbines used in the oil, gas and power generation sectors. Executive chairman Iain Lister, 45, has led the company’s expansion into overseas markets including India and Iraq. Despite the depressed oil market, profits reached £3.5m in 2015, thanks to the company securing better deals from suppliers and controlling overheads.

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
Year2017
Rank38
CompanyGreenray
ActivityGas turbine servicer
LocationLincoln
Annual profit growth85.86%
Latest profits £000s3,503
Latest sales £000s25,583
Staff96
Founded1981
Websitewww.greenray.com

If applicable:

* supplied by company † annualised figure