Fast Track 100

Founder and ex-chief executive Michael Hunt cashed out of Quartz this year for £4m after just four (founded in 91) years in business. Sold to Smiths Industries in 1998, the company was originally launched with personal funds and a government loan guarantee. The air conditioning unit manufacturer creates easy-to-assemble air conditioning component parts and tailor-makes 40% of the units to customer specifications. As manufacturing is relatively simple, the Dorset-based company hires long-term unemployed people as a matter of company policy. Keen to offer job security to the people who helped grow the business to £6m in 1997, Hunt secured a promise from Smiths to keep them all on.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
ActivityAir conditioning maker
Annual sales rise over 3 years71.80%
Latest sales £000s5,958

If applicable:

* supplied by company † annualised figure