This Surrey company connects schools and offices to the internet, particularly those in rural areas, through lines that it leases from the government’s telephone exchanges. Originally based in Denmark, the company expanded its model to Britain, where it was bought out by directors Richard Bennett and Victor Baldorino in July 2009. The deal had the backing of LMS Capital, which provided £6.2m in return for a 46% stake. Growth among SME customers helped to increase sales by 63% a year, from £5.1m in 2008 to £22.2m in 2011.

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Company details
Year2012
Rank49
CompanyUpdata Infrastructure
ActivityNetwork services provider
LocationReigate
Average 3 year sales growth62.98%
Latest sales £000s22,218
Staff62
Founded2003
Websitewww.updatanet.co.uk

If applicable:

* supplied by company † annualised figure