Romax Technology
Growth per annum over three years: 102.6%
Position: 10
ROMAX Technology is a world leader in the design of gearings and transmissions.
They are used in wind turbines, cars, locomotives and ships
Sited near the University of Nottingham, it is one of the city's fastest-growing companies in terms of staff numbers.
Founded by Dr Peter Poon, its advanced designs and simulation technologies are used for gearbox and driveline systems, wherever mechanical power is transmitted through rotating shafts, gears and bearing systems.
It designs innovative technology and solutions to optimise their products for performance, robustness, durability and through-life costs.
Innovation is at the very core of Romax and next year it will move into a purpose-designed building on Triumph Road which has a capacity for 300 staff.
Romax employs 120 in Nottingham and about 100 overseas. For every job created overseas, it creates one in the UK, says Dr Poon.
He founded Romax 20 years ago and it now has offices throughout Europe, North America and Asia.
Turnover is approaching £20m. The Romax brand has become synonymous with quality and technical innovation. In the automotive sector, customers include the transmission and driveline engineering teams from 14 of the world's top 15 global auto- makers.
Dr Poon said profit growth could not be attributed to any one factor. But the right people and attention to detail were key factors.
"There is nothing magic, just working hard at what we do," he said.
"We have a good reputation in our sector and we cover customer needs well."