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-based business in 2001 with backing from investors including Millennium Management. Centek operates in more than 50 countries around the world, selling to customers such as Shell and BP, and through distributor Halliburton. Last year, it generated 94% of its £21.4m sales overseas and opened a manufacturing plant in Oklahoma to supply America, Canada and Mexico.
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