This Cheltenham-based company is known for its innovative magnetic filters that remove sludge from central heating and cooling systems, improve fuel efficiency and extend boiler life. It also makes water testing and water treatment chemicals at its laboratories in Kent. Sales to the EU reached £4.1m in 2017, under chief executive John Vaughan, 52. Adey plans to expand in America and China, with the backing of its majority owner, private equity firm LDC.
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