Reeves Oilfield Services

This company makes and operates instruments that examine boreholes drilled into oil and gas reservoirs. Founded in 1970, the Loughborough firm works for all the leading oil companies, although much of its business comes from independent operators in the Canadian gas fields. Reeves says it is getting more custom because its technology helps exploration companies reduce the risks and costs of sinking boreholes. Profits at the company, which is staff-owned and backed by 3i, the venture-capital firm, have grown 50% a year from £3.7m in 1999 to £12.6m in 2002.

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Company details
CompanyReeves Oilfield Services
ActivityOilfield services provider
Annual profit growth50.04%
Latest profits £000s12,552
Latest sales £000s38,221

If applicable:

* supplied by company † annualised figure