Profit Track 100

Launched in 1992 by three engineers fed up of fitting awkward air-conditioning equipment, this business makes easy-to-install condensate removal pumps. The East Sussex company has made seven acquisitions since 2015, including in France, Germany and Australia. Under chief executive Adrian Thompson, 52, profits grew to £11.7m in 2018, which excludes £8.5m of acquisition costs. In December, it was acquired for an undisclosed sum by Inflexion, the private equity firm. During the pandemic it has donated to its local food bank.

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Company details
Year2020
Rank13
CompanyAspen Pumps
ActivityPump manufacturer
LocationEastbourne
Annual profit growth85.88%
Latest profits £000s11,696
Latest sales £000s63,866
Staff178
Founded1992
Websitewww.aspenpumps.com

If applicable:

* supplied by company † annualised figure