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40. Randox

Managing director: Dr Peter Fitzgerald

Employment: 1,002

Turnover: £71.3m

Pre-tax profit: £4.0m

Randox Laboratories is a privately owned, research focused diagnostic equipment manufacturing company. For over 30 years it has developed diagnostic products and services that deliver significant benefits to patients and healthcare professionals.
Randox products support clinical decision making in a wide variety of fields, including biochemistry, oncology, virology, cardiovascular, inflammatory and infectious diseases. It exports more than 95% of its products.

Founded in 1982 by Dr Fitzgerald CBE in a chicken shed at the back of his parents’ home, Randox has become one of the most innovative diagnostics companies in the world.

Diagnostic biochips, developed by Randox over the last 12 years, at a cost of more than £100m, have revolutionised the way laboratory testing is performed by completing multiple tests simultaneously.

Randox re-invest a substantial proportion of income in research and development and has seen its headcount increase by nearly 200 in 2012.

Turnover was also up around £3m while profits doubled to £4m

55 Diamond Road
BT29 4QY
Tel: 028 9442 2413

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From Belfast Telegraph