Winchester-based MAATS Tech was founded by the oil and gas sector veteran John Holt, 77, and specialises in the design and conversion of ships that work on sub-sea construction and cable and pipe laying. In 2016 the business increased profits to £8.4m, helped by the delivery of several completed vessels to customers in Brazil and Norway. It plans to expand its specialist cable laying business to service the developing offshore wind industry. Lisa Edwards, 53, took over as managing director last October.

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Company details
CompanyMAATS Tech
ActivityMarine engineering consultancy
Annual profit growth76.11%
Latest profits £000s*8,395
Latest sales £000s*33,288

If applicable:

* supplied by company † annualised figure