Founder John Palmer built his first construction business to £8m before his bank pulled the plug on his overdraft in late 1990. Six months later he got an offer from the owner of a Swedish firm to bankroll him in a new venture. In a very competitive building market in the North East of England, Tyne and Wear-based Svenska Palmer Construction has achieved rapid growth by employing an efficient Swedish-style building method. Palmer learned the technique while working as a chartered surveyor for ten years in the Middle East. Sales have grown from £715k in 1994 to £4.3m in 1997. The company employs 60 people.

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Company details
Year1998
Rank52
CompanySvenska Palmer Construction
ActivitySpecialist builder
LocationTyne & Wear
Annual sales rise over 3 years81.97%
Latest sales £000s4,306
Staff60
Founded1991

If applicable:

* supplied by company † annualised figure