Consumers are increasingly turning to the internet to find insurance, loans and debt-management packages, and Netbasic is developing financial comparison website portals to enable them to do so. Sole shareholder Luke Ashworth founded the Fareham company with a £2,000 pay cheque in 2003, and his future plans include the creation of further consumer websites. Sales have rocketed 235% a year from an annualised £255,000 in 2004 to £9.6m in 2007.

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
Rank3
CompanyNetbasic
ActivityWebsite developer
LocationFareham
Average 3 year sales growth235.30%
Latest sales £000s9,606
Staff7
Founded2003
Websitewww.netbasic.co.uk

If applicable:

* supplied by company † annualised figure