Fast Track 100

Hurricanes in the Gulf of Mexico, the high oil price, and a shortage of diving vessels have boosted demand for this Great Yarmouth firm. Trading as Ot2k, the company provides diving, survey and remote-operated-vehicle services to the oil, gas and wind-power industries. A recent project involved inspecting gas installations in Morecambe Bay for Centrica. Founded by Jonathan Soar, Bob MacMillan and John Doherty in 1999, the company recently raised £50m from investors. Its holding company GDV Subsea is based in Norway, but all operations are managed from Britain. Sales have grown 206% a year from £700,000 in 2003 to £20.1m in 2006.

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Company details
Year2007
Rank2
CompanyOceanteam 2000
ActivityOffshore services provider
LocationGreat Yarmouth
Annual sales rise over 3 years206.45%
Latest sales £000s20,147
Staff78
Founded1999
Websitewww.ot2k.com

If applicable:

* supplied by company † annualised figure