Fast Track 100

Many people look forward to golfing or going on cruises when they retire, but Chris Hutton-Penman, 69, and Peter Davies, 66, decided to nurture their passion for manufacturing. After successful careers in engineering and management consultancy, Hutton-Penman and Davies founded Offshore Sourcing in 2002. Initially, it helped companies to find low-cost manufacturers abroad, but the business grew to include steel stockholding and forging. The company now supplies a range of sectors, from engineering and manufacturing to mining, oil and gas. Its largest overseas market is America.

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Company details
CompanyOffshore Sourcing
ActivityForgings and steel manufacturer
Annual sales rise over 3 years59.73%
Latest sales £000s21,506

If applicable:

* supplied by company † annualised figure