2012 Tech Track 100
Rank: 27 P2i
Its technology can protect up to 100,000 mobile phones per day from water damage
This Abingdon firm makes machines that can protect products from water damage by applying a liquid-repellent coating one-thousandth the thickness of a human hair. This is used on products including Motorola smartphones, Timberland shoes, and hearing aids. Led by chief executive Carl Francis, P2i has grown by expanding in Asia and commercialising its product. Sales grew 91% a year, from £862,000 in 2008 to £6m in 2011. Backers include Unilever Ventures and, in January 2012, P2i raised an extra £12m from Naxos Capital and Ombu Group.
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This Abingdon firm makes machines that can protect products from water damage by applying a liquid-repellent coating one-thousandth the thickness of a human hair. This is used on products including Motorola smartphones, Timberland shoes, and hearing aids. Led by chief executive Carl Francis, P2i has grown by expanding in Asia and commercialising its product. Sales grew 91% a year, from £862,000 in 2008 to £6m in 2011. Backers include Unilever Ventures and, in January 2012, P2i raised an extra £12m from Naxos Capital and Ombu Group.
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Company facts
P2i
Liquid repellent nano-coater
Company website
| Sales growth | 91.15% pa |
| 2011 sales | £6.0m |
| 2008 sales | £0.9m |
| 2011 staff | 90 |
| Founded | 2003 |
| Location of HQ | Abingdon |
| If applicable: * = annualised figures ‡ = draft accounts |
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