Fast Track 100

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.

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.

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

If applicable:

* supplied by company † annualised figure