The report by the LSE is an annual celebration of some of the fastest-growing and most dynamic small and medium-sized enterprises (SMEs) in the UK and includes 56 high growth Scottish businesses.
It has been another year of solid growth for the Renfrewshire-based high tech gas generation business which has continued to grow its global footprint securing a number of major contracts from Scotland to Singapore.
The company is now selling to almost every country on the planet and into an impressive range of market sectors from education to food and beverages, forensics to medical and from pharmacology to oil and gas.
Managing director, Robin MacGeachy, said: “Our forte is in providing our customers with unrivalled peace of mind and hassle-free, high-quality, dependable gas generation solutions on site and tailored to meet their specific laboratory demands.”
MacGeachy says Peak also identified a gap in the market for providing a high-quality service. “Our competitors, in most cases, require their generator to be uplifted and taken to a repair centre if a breakdown occurs. All the while, the customer’s instrument is not operational.
“We realised that this was not convenient for customers and also, not necessary. Our solution was to send engineers to the customer’s site. This has proved hugely successful with 95% of breakdowns repaired on the first site visit.”
This service proposition has helped fight off fierce competition from major rivals, explains Robin.
In the next five years, Peak plans to invest heavily in research and development and new systems to meet the evolving needs of its clients.
“We are aiming for, and expect to have, turnover greater than £100m within five years,” says Robin.
But for those starting out, Robin says passion and enjoyment are more important than cash.
“Find something you enjoy not just for the money. The money will follow if you do it right and play for the long term.”
Jonathan Golby of Peak also spoke of how the firm's success at last year's BQ Scottish Export Awards helped the firm to continue growing.
He told us: “Peak Scientific were absolutely delighted to be nominated and win at last year’s prestigious BQ awards.
“Winning the awards has made Peak stand out from its competition, has provided us with a platform to raise our profile and has cemented the fact that Peak truly is a global company.
“Our exporting growth has been significant, currently 95% of our turnover and this distinguished award has added to this growth and success.”
The HSBC Scottish Export Awards, in association with Scottish Enterprise, will return to Glasgow on 23 March, with Peak Scientific forming part of the judging panel. For more information about the awards and to book tickets, click here.