Originally part of Siemens Manufacturing Services, this company is the product of a management buyout in 2002, led by managing director Mike Harby. From its Nottingham factory, SMS Electronics produces complex circuit boards for use in products such as video conferencing systems and smart utility meters. Its international clients span the industrial, telecoms, consumer and leisure sectors, with Europe and North America its biggest markets. Demand for its video-conferencing systems, which reduce travel costs for businesses, continues to drive international sales. They have grown 235% a year, from an annualised £3.2m in 2009 to £36.2m in 2011.
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