London-based Kelway supplies IT solutions and services to more than 3,000 clients. It was founded in 1990 by chief executive Phil Doye at the age of 21, and in 2006 Core Capital invested £5m for a 25% stake. Kelway has bought five businesses since 2007, including in 2009 Panacea, which has an office in Dubai serving the Middle East, and more recently, the managed-services firm ISC Computers. The acquisitions helped the company to grow its sales by 46% to £260.9m in 2011 while profits were up by 39% to £9.1m.

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
ActivityIT services provider
LocationCentral London
Sales £m260.9
Operating profit £m9.1
Main shareholdersManagement and staff (74%), Core Capital (26%)

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda