“For the first three months we sat about thinking what we were going to do. One idea was to open a jazz bar,” says Panacea Services chief executive Anthony Bright. Perhaps wisely, Bright and partner Peter Stroud chose the booming computer reselling and maintenance industry instead. Since appearing on last year’s league table, sales have nearly doubled to £7m. Still, there have been growing pains along the way. Panacea spent the last year cleaning house. It removed people not considered team players or “who weren’t in it for the long haul,” says Bright, adding that some people who suited the small company, no longer fit the larger company’s needs. To keep spirits high for the remaining staff, Panacea offered bonuses, overtime pay, and awaydays, such as a murder mystery weekend event.

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Company details
Year1998
Rank41
CompanyPanacea Services
ActivityProvision of computer maintenance services and sale of computers
LocationLondon
Annual sales rise over 3 years86.74%
Latest sales £000s6,974
Staff20
Founded1992
Websitewww.panacea-services.co.uk

If applicable:

* supplied by company † annualised figure