Edward Mallinckrodt and Luke Taylor have built a £10.5m company out of a business they bought in 1995 for £1. The pair were working at the Internet Bookshop when two of its clients, Blackwells and Macmillan, decided they wanted to increase their web presence. Mallinckrodt and Taylor took on the job and later that year they bought the web-design division of the Internet Bookshop, creating Oyster Partners. The company has broadened its services by becoming an e-business consultancy, doing everything from building websites to traditional management consultancy work. Clients of the London firm include British Telecommunications, Channel 4 and FPD Savills. Its sales have increased 136% a year from £798,000 in 1997 to £10.5m in 2000, when it had 137 staff. However, with the downturn in the digital media sector, Oyster has had to cut its staff from a peak of 220 to 140 this year.
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.