54. Feritech Limited
The subsea engineering products and services company waving the flag for Britain’s manufacturing industry…
Founders: Robert Ferris and Gemma Ferris
Founded: January 2012
A truly ‘Made in Britain’ start-up, Cornwall-based Feritech designs and manufactures innovative engineering solutions for the global offshore marine and energy market and, in a little over three years, has amassed a client base of key players from the renewable energy, oil and gas sectors.
The brainchild of husband-and-wife team Robert and Gemma Ferris, who have over 22 years’ worth of experience in the industry between them, the concept for Feritech originated from the duo’s desire to create “something better” than the “substandard” geographic survey products previously on the market. This concept then evolved into a service that would offer “superior products” with after sales support and, since turning this idea into a reality with a multi-stream revenue model, the Ferris’ have been on an upward journey to start-up success.
A finalist in the Startups Awards 2014, the company has recently moved to larger premises in order to grow with “greater speed and efficiency” as despite impressive revenues that are set to double this year, the profitable business has thus far maintained a lean approach with just four employees.
The next 12 months will see product development and further expansion, as well as a website re-launch which the company hopes will help to attract new clients within the UK and globally. Given its growth rate to date, if Feritech can emulate its UK success overseas – we predict very big things…