PRZOOM - /newswire/ -
Reading, Berkshire, United Kingdom, 2009/12/23 - Opti-cal Survey Equipment Ltd today announced that it is recognised as one of The Sunday Times Virgin Fast Track 100 fastest growing private companies in the UK. The Reading-based company qualified as 65th in the Fast Track 100 league table.
Opti-cal Survey Equipment’s CEO, Jim Warner says: “Opti-cal Survey Equipment is going from strength to strength at the moment and we are delighted to win this prestigious award. I would like to thank all the members of our team here at Opti-cal and our loyal and ever supportive clients.”
David Price, Managing Director, Leica Geosystems Ltd commented: “This is a fantastic achievement for the entire Opti-cal team in such a challenging economic environment. The award is testament to the commitment of their organisation to work hard, re-invest and continually add value for their customers. Leica Geosystems is the premium brand in the surveying and engineering market and I am delighted that our partnership with Opti-cal and indeed our industry is represented in such a prestigious league.”
Sir Richard Branson of Virgin, who has sponsored the league table for 13 years, commented: “The last year has been one of the toughest I remember in business; but the fear of the early part of 2009 has been replaced by optimism we will find a way through. This sense of optimism is reflected in the sterling performance of the Fast Track 100 companies who are expecting impressive continued growth this year.”
About Opti-cal Survey Equipment Ltd
Opti-cal Survey Equipment Ltd (SurveyEquipment.com) is an Authorised Distributor for Leica Geosystems and supplies precision measurement technology to the surveying and engineering industries. The company sell, hire and service new and re-conditioned land survey and laser equipment and provide training and support.
Formed in 2002, the company has expanded consistently with sales growth at over 70% year on year and an annual turnover of over £5.00 million.
Over the years Opti-cal Survey Equipment Ltd have invested heavily in their workforce and is now home to some of the most experienced and highly-trained service technicians in the country. With the acquisition of Swift Surveying Services in 2007 the company doubled its workforce and opened a new service facility at its second office at Pease Pottage, Crawley, near Gatwick. This service centre also provides the latest calibration software and test equipment enabling an extremely high standard of work to be carried out.
The company’s reputation has recently expanded into Europe and further afield which has further supported the company’s growth.
About the league table
Now in its thirteenth year, The Sunday Times Virgin Fast Track 100 annual league table is compiled by Oxford-based research and networking events company Fast Track.
In addition to its title sponsor Virgin, the league table is co-sponsored by HSBC, KPMG and Royal Mail.
League table criteria
Companies are ranked by their compound annual growth rate (CAGR) in sales over the latest three financial years between 2005 and 2008, or 2006 and 2009. A minimum of 25 weeks’ trading in the base and latest years was required. For financial years lasting less or more than 52 trading weeks, figures were annualised on a simple pro-rata basis.
Annualised sales had to exceed £250,000.00 in the base year (2005 or 2006) and £5.00m in the latest year (2008 or 2009). Companies had to also show an increase in sales in their latest year.
Companies had to be unquoted, independent and registered in Britain.
The research was carried out by Fast Track between August and November 2009. All companies were interviewed by telephone, and many were visited by the Fast Track research team.
Further information can be found on fasttrack.co.uk/.