In the late 1990s when oil was languishing at $11 a barrel, co-founder Peter Duguid overcame the unwillingness of banks to invest in his company by obtaining a local-government grant. Ten years later, his Aberdeen company, which maintains and repairs pipelines and oil platforms for customers including BP and Shell, employs 170 staff with branches in Canada, Houston and the UAE. Sales have grown 53% a year from £2.5m in 2004 to £8.8m in 2007.
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.