Profit Track 100

This Newcastle-based group specialises in steel fabrication and engineering for customers operating on and under the sea. The business was founded in 1982 by managing director William Close, 70, and remains under family ownership. It says that taking on more substantial contracts, including subsea trenching, helped profits rise to £3.7m in 2013.

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Company details
CompanyClose Engineering
ActivityEngineer and steel fabricator
Annual profit growth47.16%
Latest profits £000s3,749
Latest sales £000s17,044

If applicable:

* supplied by company † annualised figure ‡ profits = ebitda