RMEC, the Forfar-based oilfield services provider, has earned a place in The Sunday Times Virgin Fast Track 100 league table of Britain’s private companies with the fastest-growing sales over three years.
With 16 staff, the company achieved an annual sales growth of 55% over the last three years and in the last 12 months had sales of £9 million.
In 71st place, RMEC is the third-highest Scottish company on the list.
RMEC managing director Bryan Fagan said: “This success is testament to the hard work and drive of the two founding directors Alan Ramsay and Stuart Mathers who have given the business a fantastic platform on which to grow.
“All the staff at RMEC are very proud of this achievement.
“The business continues to have a growing reputation within the industry for being the go-to company for rental, new-build, refurbishment and maintenance of oil field equipment.
“We’re looking to treble the size of our current workshop and invest over £2m in the rental fleet over the next 18 months.
“We fully intend to keep growing organically and increase our turnover to £16m by 2015,” he added.
The top-ranked company in Scotland is Spark Energy at No 23. Based in the Scottish Borders, it specialises in providing gas and electricity to rental properties.
Aberdeenshire-based brewery BrewDog was the second-top Scottish company at No 40.
Sir Richard Branson of Virgin, the title sponsor for all 18 years, commented: “This year’s Fast Track 100 is packed full of examples of entrepreneurs taking on many different challenges head-on.”