Fast Track 100

Laura Pagan’s lighting business had its beginnings in a modest city-centre shop she opened in 1980 but it now encompasses seven superstores, each offering 3,000 products. The range of value-for-money lighting products extends from £5 lamps to £1,500 chandeliers, mainly imported from China. Still run by Laura and husband Alan and headquartered in Glasgow, Pagazzi Lighting plans to open three new superstores a year and sell online. Increasing customer numbers and a £500,000 investment from Ashley Bank Investments have helped sales grow 81% a year from an annualised £944,000 in 2003 to £5.6m in 2006.

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Company details
Year2007
Rank57
CompanyPagazzi Lighting
ActivityLighting reseller
LocationGlasgow
Annual sales rise over 3 years81.32%
Latest sales £000s5,629
Staff71
Founded2002
Websitewww.pagazzi.com

If applicable:

* supplied by company † annualised figure