2012 Tech Track 100
Rank: 81 Centek
Is poised to open a manufacturing plant in Oklahoma in the US
Centek makes “centralisers” for the oil industry – devices secured around the casing of pipelines to keep them centred in holes prior to being cemented into place. Founded by Tony Cutmore in 2001 with backing from investors including Millenium Management, this Devon company attributes its success to selling directly to customers including Shell and BP. It sells 140,000 units each year in Europe, the Middle East, Asia and Australasia. Overseas expansion helped sales rise 45% a year, from £4.1m in 2008 to £12.6m in 2011.
[back]
Centek makes “centralisers” for the oil industry – devices secured around the casing of pipelines to keep them centred in holes prior to being cemented into place. Founded by Tony Cutmore in 2001 with backing from investors including Millenium Management, this Devon company attributes its success to selling directly to customers including Shell and BP. It sells 140,000 units each year in Europe, the Middle East, Asia and Australasia. Overseas expansion helped sales rise 45% a year, from £4.1m in 2008 to £12.6m in 2011.
Copyright © 2013.
This profile reflects the company at time of publication (as identified in top left-hand corner) 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.
[back]
Company facts
Centek
Oilfield equipment maker
Company website
| Sales growth | 45.05% pa |
| 2011 sales | £12.6m |
| 2008 sales | £4.1m |
| 2011 staff | 81 |
| Founded | 2001 |
| Location of HQ | Devon |
| If applicable: * = annualised figures ‡ = draft accounts |
|
