Tech Track 100

Centek makes “centralisers” for the oil industry – devices secured around the casing of pipelines to keep them centred in holes prior to being cemented into place. Founded by Tony Cutmore in 2001 with backing from investors including Millenium Management, this Devon company attributes its success to selling directly to customers including Shell and BP. It sells 140,000 units each year in Europe, the Middle East, Asia and Australasia. Overseas expansion helped sales rise 45% a year, from £4.1m in 2008 to £12.6m in 2011.

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Company details
ActivityOilfield equipment manufacturer
Average 3 year sales growth45.05%
Latest sales £000s12,598

If applicable:

* supplied by company † annualised figure