Profit Track 100

Aberdeen-based Saltire Energy supplies drilling tools to the global offshore oil and gas sector. Founded in 1986, about 60% of its business is international, and in 2012 it expanded its presence in Africa and Norway by buying the business and assets of rental equipment supplier OMM. The group invested £11m last year to expand its inventory, and under chief executive and owner Mike Loggie, 69, profits rose to £19.1m in 2013.

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
CompanySaltire Energy
ActivityOil drilling equipment provider
Annual profit growth50.89%
Latest profits £000s19,073
Latest sales £000s32,993

If applicable:

* supplied by company † annualised figure ‡ profits = ebitda