Fast Track 100

Spektra’s software helps link the Tesco Personal Finance website to the Royal Bank of Scotland website, which provides some of Tesco’s financial products. Gordon Stuart and three co-founders started the company in 1996 with a management buyout of the software development arm of Schindler, the Swiss lift maker. Integrating collaborative websites for Aegon and Norwich Union, among others, has helped Spektra to increase sales 76% a year from £900,000 in 1998 to £4.9m in 2001, when the Livingston, West Lothian, company had 55 employees.

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Company details
Year2002
Rank71
CompanySpektra Group
ActivityE-business software developer
LocationLivingston
Annual sales rise over 3 years76.39%
Latest sales £000s4,940
Staff55
Founded1996
Websitewww.spektra.co.uk

If applicable:

* supplied by company † annualised figure