2011 Fast Track 100
Rank: 21 First Utility
The smart meter is at the heart of this energy supplierís national operations. It remotely sends out readings of electricity usage every 30 minutes and gas usage daily, enabling the Warwick firmís 60,000 domestic and small-business customers to monitor consumption online and get accurate bills. Sales grew 115% a year, from £6.1m in 2007 to £60.5m in 2010, though margins were slim. Co-founders Mark Daeche, Darren Braham and Marcus Citron started the business because they believed the benefits of accuracy and online billing of the telecommunications industry, in which they started, could be successfully transferred to the energy sector.
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|3-yr av sales growth||114.53% pa|
|Location of HQ||Warwick|
* = annualised figuresá = unaudited accounts