PacketExchange

Launched in 2001, Packet Exchange offers high-speed internet services over a private network. This enables the company to provide a highly secure and reliable service to its 800 business customers. In November 2004, the firm raised £1.6m from Halifax Bank of Scotland, which helped fund an acquisition to expand in Europe. Founders Kieron O’Brien and Jason Velody have also been busy in America, opening a subsidiary there to extend the firm’s product range. Sales at the London company have soared 133% a year from £1m in 2003 to £5.7m in 2005.

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Company details
Year2006
Rank18
CompanyPacketExchange
ActivityTelecoms services provider
LocationCentral London
Average 3 year sales growth132.92%
Latest sales £000s*5,692
Staff38
Founded2001
Websitewww.packetexchange.net

If applicable:

* supplied by company † annualised figure