Crumlin company Randox Laboratories has been listed as one of the UK’s fastest growing profit makers in the Sunday Times BDO Profit 100.
The medical testing company was founded by Dr Peter Fitzgerald in his parents’ chicken shed, and ranked 44th in the Sunday Times list.
The company designs and manufactures diagnostic instruments and tests used in medical laboratories. It also supplies antibodies and proteins to the healthcare industry.
It grew profits an average of 65% a year to £16.3m in 2013, and plans to invest £161m in a new science park.
Dr FitzGerald, said: “Over the past three years we have witnessed a period of strong growth within Randox.
“Our success is largely due to our unwavering commitment to innovation and the skill, dedication and energy of our people – be they scientists, engineers, software developers or those fulfilling a wide range of business and support roles.
“This growth will enable us to further strengthen our infrastructure and increase the world leading research and development we are conducting – to achieve the earliest possible diagnosis of a very wide range of clinical conditions.
“At the moment 1-in-20 people on the globe are diagnosed using Randox tests and technology, and by 2020 we want to see this increase to 1-in-10.
“We remain dedicated to saving lives and improving health worldwide.”