Profit Track 100

Oilfield equipment maker 116.84% Centek makes “centralisers” for the oil industry – devices that keep pipelines centred in holes before they are cemented into place. Chief executive Tony Cutmore, 68, founded the Devon business in 2001 with backing from investors including Millennium Management. Centek operates in more than 50 countries, with customers such as Shell and BP, and through distributor Halliburton. In 2012, it generated 94% of its £21.4m sales overseas and opened a manufacturing plant in Oklahoma to supply America, Canada and Mexico. This expansion helped profits reach £7m.

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Company details
ActivityOilfield equipment manufacturer
Annual profit growth116.84%
Latest profits £000s6,982
Latest sales £000s21,443

If applicable:

* supplied by company † annualised figure ‡ profits = ebitda