2007 Profit Track 100

Rank: 23   Spreadex

Average bet size has rocketed more than 20-fold to 300 since 2001

If you want to put a cool 500,000 on the outcome of the FA Cup Final or 20,000 a point on the movement of the FTSE 100 index, spread-betting company Spreadex will take your bet. Accommodating big spenders has brought in higher revenue for the Bedfordshire company, boosting profits 76% a year from 1.2m in 2003 to 6.4m in 2006. Founder and managing director Jonathan Hufford, a former City trader, recently launched a website for sports wagers, and he plans to move into online financial gambling this year.

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Company facts

Spreadex
Spread betting operator
Company website

Profit growth
75.82% pa
2006 profit6.4m
2003 profit1.2m
2006 staff64
Founded1999
Location of HQSt Albans
If applicable:
* = annualised figures
= draft accounts