Started in 2006 by serial entrepreneurs Graeme Malcolm, 49, and Gareth Maker, 53, this firm’s lasers are used by research institutions globally. Applications of its technologies include developing microscopes that can help diagnose Alzheimer’s and cancer. In 2016 the Glasgow business secured a third round of funding from BGF, which helped drive exports to £11.8m in 2017. Last year it developed the UK’s first commercial quantum gravimeter, a device that can survey underground infrastructure and oil and gas deposits.

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Company details
Year2018
Rank79
CompanyM Squared
ActivityLaser technology developer
LocationGlasgow
2 yr av intl sales growth % pa43.87%
International sales £000s11,784
Total sales £000s13,295
Staff90
Founded2006
Websitewww.m2lasers.com

If applicable:

* Supplied by company † Annualised figure