Chairman David Fox took the plunge in 1981 when he bought Power Panels, at that time a manufacturer of control panels and switch boards. He has since turned the company around, carving out a niche position as a designer and manufacturer of control systems for the food processing, packaging, printed circuit board and semiconductor industries. Despite growing competition from China, the West Midlands company has remained profitable and achieved sales growth of 40% a year from £6.2m in 2003 to £12.1m in 2005.

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Company details
Year2006
Rank96
CompanyPower Panels Electrical Systems
ActivityElectrical assembly manufacturer
LocationWest Midlands
Average 3 year sales growth39.67%
Latest sales £000s12,147
Staff161
Founded1967
Websitewww.powerpanels.uk.com

If applicable:

* supplied by company † annualised figure