Tech Track 100

Surrey Satellite Technology (SSTL) designs, builds and operates satellites, some of which are no bigger than a beach ball. Last November the company helped launch a satellite for an Algerian customer by using a surplus Russian intercontinental missile. This satellite will be used to monitor natural events like floods and forest fires. This year SSTL was awarded a contract by the European Space Agency to make the first test satellite for Europe’s global navigation system, named Galileo. SSTL was spun out of the University of Surrey in 1985 and the university is still the majority shareholder. Its sales have grown 50% a year from £5.4m in 2000 to £12.2m in 2002.

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Company details
CompanySurrey Satellite Technology
ActivitySmall satellite maker
Average 3 year sales growth50.05%
Latest sales £000s12,244

If applicable:

* supplied by company † annualised figure