This company was founded in 1990 as a part-time project by Tim Nicolle, a banker. It developed momentum when he was joined by Simon Potter, a City trader, and Andrew Worth, a software developer.

The trio set about developing Citadel, a software package that helps investment banks to process financial transactions more smoothly. The London company now sells to multinationals such as Siemens and Deutsche Bank. Its sales have grown 152% a year, from £362,000 in 1998 to £2.3m in 2000.

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Company details
Year2001
Rank13
CompanyDemica
ActivityBanking software developer
LocationCentral London
Average 3 year sales growth151.50%
Latest sales £000s2,291
Staff50
Founded1990
Websitewww.demica.com

If applicable:

* supplied by company † annualised figure