Tech Track 100

The next time your car is in the garage, the chances are it will be checked over with one of Omitec’s range of automotive testers. The company supplies similar technology to Formula One teams to identify faults on cars and tell the mechanics what they should do to fix them. John Watkins and Edward Lane led a management buyout of Omitec from OMI International in May 1998, with £1m of funding from 3i and Bank of Scotland. Sales at the Wiltshire company, which has increased its staff from 88 to 180 in the past year, grew 79% a year from an annualised £2.6m in 1999 to £8.3m in 2001.

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
CompanyOmitec Group
ActivityElectronic equipment maker
Average 3 year sales growth78.76%
Latest sales £000s8,280

If applicable:

* supplied by company † annualised figure