Fast Track 100

Established in 1991 by two Irish immigrant brothers, Patrick and John Howley, the business simply provided a way for Patrick and six other Xerox employees to continue working for Xerox after its Welwyn Garden plant shut down. Buying the plant’s old equipment meant the company could start up relatively cheaply. Fortunately, Xerox paid promptly as well. Set up to provide design for prototyping and manufacturing of circuit boards, the founders only expected their company to survive the six months left on Xerox’s project. But the demand was so great from other businesses, that by the end of the project, Karavale found it necessary to buy a local subcontractor that made prototype circuit boards to meet the demand. After appearing at number 30 on last year’s league table, Karavale got a nice extra surprise. A business angel offered them money and they took it.

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Company details
CompanyKaravale Enterprises
ActivityElectronic design and assembly of circuit boards
LocationWelwyn Garden City
Annual sales rise over 3 years98.89%
Latest sales £000s14,186

If applicable:

* supplied by company † annualised figure