Founders Chris Rasmussen and Jon Scott led a management buyout from Boart Longyear UK to set up ITM, and subsequently conducted a reverse takeover of Soil Instruments in 2002. The Sussex group now manufactures and sells equipment that detects soil and ground movement in civil-engineering and construction projects. It recently won contracts from Network Rail and Terminal Five at Heathrow.

Sales have soared 249% a year from £380,000 in 2003 to £4.6m in 2005.

“This is an exciting achievement and reflects our investment in updating existing products, developing new technology and working together with a great team of people.”

Jon Scott Group Managing Director