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Starting out as an educational resource for students at the University of Bath, this firm’s Bath ASU division became a commercial operation in 2006, preparing thousands of medicines tailored to individual patient’s needs. It also has a sister business, Pharmaxo, which provides traditional pharmacy and hi-tech homecare services. Led by co-founder and chief executive Chris Watt, 50, sales at the Wiltshire business hit £190.9m this year, with profits almost doubling to £14.7m thanks to the success of new products.

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Company details
CompanyQualasept Pharmaxo
ActivityPharmaceuticals manufacturer
Sales £m*190.9
Operating profit £m*14.7
Main shareholdersRichard Wastnage (50%), Christopher Watt (44%), Maria Watt (6%)

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda