Fast Track 100

Applications for this Staffordshire firm’s metal components range from making needles and syringes to building ammunition cases and missile noses for the likes of BAE Systems. SPI’s main market remains the car industry – it outsources the manufacturing of 12m vehicle exhaust components each month to China. A new operation will provide advice and financing to other engineering companies looking to source goods from China. Founders John Elder and Michael Holt also plan to expand into France, distributing standard tubes and pipes. Sales have grown 105% year from £1m in 2003 to £8.8m in 2006.

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Company details
CompanySPI (Materials)
ActivityExhaust component supplier
Annual sales rise over 3 years105.14%
Latest sales £000s8,848

If applicable:

* supplied by company † annualised figure