Fast Track 100

Elec-Track’s growth of 155% a year has been driven by increased investment in Britain’s rail and tram systems as the government attempts to cut pollution by encouraging people to drive less and make more use of public transport. The company, which installs and maintains overhead electrical cables for new tram systems as well as working with Railtrack on the rail network, has driven up sales from £293,000 in 1996 to £4.9m in 1999. High-profile contracts include the recently opened Birmingham-Wolverhampton tramway. Alistair Flanagan, who, with his wife Christine, set up Elec-Track in 1995 with £5,000 and six staff, claims that the firm is now suffering from the national shortage of engineers. ‘The business is certainly there but further growth is seriously hampered by the shortage of such staff,’ he says. In an effort to plug the gap he is recruiting people from South Africa, Australia and Turkey.

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Company details
CompanyElec-Track Installations
ActivityOverhead cable contractor
Annual sales rise over 3 years155.07%
Latest sales £000s†4865

If applicable:

* supplied by company † annualised figure