The Rope Company still makes its Marlow ropes on the site where they were first spun in 1900. Along with its yachting ropes, the East Sussex company makes high-strength ropes for the oil industry. Since 1995 oil producers have moved further off-shore and replaced steel hawsers with new high-strength ropes for deep-water moorings and towing. The Rope Company has taken advantage of this shift to win contracts from Brazil to Asia. Company profits have risen by 37% pa, from £1.3m in 1995 to £3.5m in 1998 while sales in the same period have increased by 22% pa to £25.3m. Managing director Jack West, who led a venture capital-backed buyout of the company in 1995, attributes profit growth to the improved margins on high-strength rope, investment in production machinery, and expansion into export markets.
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.