MX Telecom

This firm provides a gateway between mobile-phone users, the networks and content providers. Its technology allows drivers in London to pay their congestion charge by an SMS text message, for example, while its picture messaging technology was used by the BBC for its programme Passport to Paradise, allowing viewers to send in photos of themselves. Former derivatives trader Mark Fitzgerald and IT expert Thomas O’Donohoe set up the company in 2000 and have grown profits 55% a year, from £1.7m in 2003 to £6.4m in 2006.

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
Year2008
Rank80
CompanyMX Telecom
ActivityWireless technology developer
LocationChiswick
Annual profit growth54.91%
Latest profits £000s6,405
Latest sales £000s45,199
Staff36
Founded2000
Websitewww.mxtelecom.com

If applicable:

* supplied by company † annualised figure