This sub-sea engineering contractor runs power-transmission cables along the sea floor from off-shore wind farms to sub-stations on land, using four vessels that can lay cables in waters up to 2,000 metres deep. Counting energy companies Centrica, RWE and Eon among its clients, the business, which is led by John Sinclair, focuses exclusively on the renewable- energy sector. It is aided in its work by the commitment of European governments to install at least a further 19,000 wind turbines by 2020. And with only a handful of competing companies based in Britain, sales grew 237% a year, from £1.7m in 2006 to an annualised £65.1m in 2009. At the beginning of 2011 the company went into Administration, and its assets were acquired by French energy services firm, Technip.
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.