Paul Broadhurst, Richard Chamberlain and Richard Sellars, all former management consultants, started Technetix in 1990, using £10,000 from their savings to acquire a plastic-moulding machine. The rest of the start-up capital for their business came from credit cards.
Technetix makes broadband communications equipment, from simple cables to complex filters. But recent cuts in capital spending by cable companies such as NTL, Telewest and UPC, have presented a challenge. The company, now run
by Broadhurst after the departure of his two co-founders, has responded by closing its plant in Royston
and outsourcing 90% of production to China.
Technetix’s sales grew 89% a year from £7m in 1999 to £25.1m in 2001, partly due to the acquisition of Tele-Installs in 2000.
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