Fast Track 100

There has been no let-up in the pace of acquisition at this Norwich company, which provides the oil and gas industry with technology for linking the seabed to the surface. Since leading a secondary buyout in 2006 backed by First Reserve, chief executive Richard Higham, already on a buying spree, has bought another four businesses on both sides of the Atlantic. Sales through 15 subsidiary companies based in Europe, America, the Middle East and Asia have grown 63% a year, from £28m in 2003 to £121.5m in 2006.

This profile reflects the company at time of publication 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.

Company details
Year2007
Rank88
CompanyActeon
ActivitySubsea services provider
LocationNorwich
Annual sales rise over 3 years63.04%
Latest sales £000s121,507
Staff566
Founded1989
Websitewww.acteon.com

If applicable:

* supplied by company † annualised figure