Tech Track 100

Sciemus has developed risk analysis software that has been used to insure more than 130 space satellites. The company was set up in 2002 when its founders, Andre Finn and Neil Fleming, saw a gap in the market for technology that can help to calculate insurance for highly complex industries. Working with the defence technology group Qinetiq, the company has gone on to produce software for the power and property markets, including software for assessing the risk associated with renewable-energy sources. It is now looking at the internet and marine sectors. The Farnborough business achieved sales growth of 118% a year from £579,000 in 2006 to £6m in 2009. The company has a profit margin of 38%, the second highest in the league table.

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
ActivityRisk-analysis software developer
LocationCentral London
Average 3 year sales growth118.46%
Latest sales £000s6,032

If applicable:

* supplied by company † annualised figure