Fast Track 100

Spun out from Swansea University in 1985, Chromogenex manufactures laser equipment used in dermatology and cosmetic surgery. Its top product, iLipo, enables a non-invasive procedure that it says penetrates fat cells and promotes weight loss. The company was bought by Peter McGuinness, 46, in 2003, and he has been chief executive since 2008. Chromogenex credits high demand in countries such as America, Brazil and Australia for recent growth. Last year Finance Wales invested £1.2m for a 39% stake.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2012
Rank99
CompanyChromogenex
ActivityMedical equipment manufacturer
LocationCarmarthenshire
Annual sales rise over 3 years50.38%
Latest sales £000s6,932
Staff36
Founded1985
Websitewww.chromogenex.com

If applicable:

* supplied by company † annualised figure