When Formula One racing teams want to keep their pit crews in touch with cars on the track, they use laser signal technology developed by PAV Data Systems. The Windermere company was founded in 1994 by an electronics engineer, Mike Turner, to commercialise a system he had developed to send data down infrared beams. PAV’s sales have grown 55% a year, from £1.7m in 1998 to £4.2m in 2000. In April, the company was bought by Granville Baird Capital Partners, which then sold 70% to the new chief executive.

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Company details
Year2001
Rank82
CompanyPAV Data Systems
ActivityWireless technology developer
LocationCumbria
Average 3 year sales growth55.24%
Latest sales £000s4,156
Staff46
Founded1994
Websitewww.pavdata.com

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* supplied by company † annualised figure