Fast Track 100

Just two weeks after the terrorist attacks of September 11, Cumbrian-based PAV Data Systems had installed five telecoms transmitters for large office blocks in New York, enabling companies to send their voice and data traffic down infra-red signals instead of cable. Mike Turner, the firm’s founder who claims to be the inventor of the home video recorder, first developed this technology in 1990 for use with wireless CCTV systems. Founded in 1994, PAV now sells mainly to telecoms companies that want to avoid digging up busy streets to lay cables. Sales have increased 84% a year from £664,000 in 1997 to £4.2m in 2000, when it employed 46 staff. PAV was bought by the venture-capital firm Granville Baird in April this year. Granville then sold the bulk of the company to a management team led by Neil Kelly, a high-tech serial entrepreneur who is now the company’s chief executive.

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Company details
CompanyPAV Data Systems
ActivityWireless technology developer
Annual sales rise over 3 years84.27%
Latest sales £000s4,156

If applicable:

* supplied by company † annualised figure