Fast Track 100

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.

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Company details
Year2008
Rank100
CompanySTATS Group
ActivityPipeline engineer
LocationAberdeen
Annual sales rise over 3 years52.83%
Latest sales £000s8,760
Staff103
Founded1998
Websitewww.statsgroup.com

If applicable:

* supplied by company † annualised figure