Fast Track 100

Sharleen Spiteri was reported to be Scotland’s highest-paid director in 1999 with a salary of £1.6m. She is better known, however, as the lead singer of the Scottish pop group Texas. The band had its first top 10 hit in 1988 with the song I Don’t Want a Lover. A year later Spiteri and bass player Johnny McElhone set up Near Back to manage the band. After a lull in which Texas almost disappeared from the British charts, the band staged a comeback in 1996 with the album White on Blonde. It topped the album charts and produced five top 10 singles. Five years later, Texas boasts 15m record sales and a Greatest Hits album that has gone platinum five times since its release in 2000. This has driven up the Glasgow firm’s sales 124% a year from £504,000 in 1997 to £5.7m in 2000, when it had just 10 staff. Growth has continued with successful tours across Europe in the first half of this year. Spiteri has also started another music management company, Summer Meadow.

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Company details
CompanyNear Back
ActivityMusic manager
Annual sales rise over 3 years123.96%
Latest sales £000s5,663

If applicable:

* supplied by company † annualised figure