Andrew Michael: Fasthosts

Focus: Internet hosting

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Andrew Michael
Age
: 24
Company
: Fasthosts

In 2000 when internet hosting companies were busy chasing big business and building large London data centres, Michael realised how hard it was to find a host for a small business – so he decided to start one himself. Fasthosts now has 800,000 clients and a turnover of £16m. Michael puts the success down to understanding the needs of new and small businesses and the company's cash generative policy of requiring customers pay annual hosting fees in advance. With 100% equity and no plan to bring in outside investment, Michael is focused on diversifying Fasthosts into a one-stop communications shop.

 

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