Profit Track 100

Based in Marlow, Buckinghamshire, FoundOcean is a specialist in subsea grouting – the use of concrete and sea water to stabilise pipelines, oil rigs and wind turbines. Chairman Keith Miller, 69, took the helm in 1988. Environmental investor Ambienta bought a minority stake in 2012 for an undisclosed sum. New offshore wind farms have helped the company diversify, and profits hit £3.9m in 2012.

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
ActivityOffshore grouting specialist
Annual profit growth85.46%
Latest profits £000s3,940
Latest sales £000s18,277

If applicable:

* supplied by company † annualised figure ‡ profits = ebitda