After his young son went blind in one eye, Douglas Anderson set a team at his industrial design firm to work on the Optomap, a scanner that can produce an almost instant image of the retina. The machine eliminates the need for uncomfortable eye drops, significantly reduces examination times, and allows scans to be e-mailed instantly for a specialist to analyse. The Scottish company has received £30m investment from venture capitalists and business angels, including Brian Souter of Stagecoach. Some 90% of the company’s turnover is generated in the United States, and sales have grown 166% a year from £1.3m in 2001 to £8.9m in 2003, when it made a significant loss.

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
Year2004
Rank25
CompanyOptos
ActivityRetinal scanning developer
LocationDunfermline
Average 3 year sales growth166.04%
Latest sales £000s8,921
Staff132
Founded1992
Websitewww.optos.com

If applicable:

* supplied by company † annualised figure