Fast Track 100

The explosive growth of the internet has provided Rovtech, the Aberdeen company that was 40th in last year’s league table, with a booming market. In 1999, the engineering company developed a remote-operated vehicle (ROV) that buries fibre-optic telecoms cables at greater depth and in harder soil than any other ROV. The growth of the internet has generated strong demand for companies to lay cabling, and Rovtech is now well placed to exploit this. The company’s core expertise lies in delivering and operating remote-controlled vehicles for underwater repair and maintenance work on oil rigs and pipelines. The new trenching machine, together with its core business in the North Sea, have driven up Rovtech’s sales 119% a year, from £1m in 1996 to £10.8m in 1999. The achievement belongs at least partly to Andrew Beveridge, brought in as managing director in 1996.

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Company details
ActivityUnderwater vehicle operator
Annual sales rise over 3 years119.09%
Latest sales £000s10,778

If applicable:

* supplied by company † annualised figure