Great British Billion-Pound Businesses

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Steve Turner & Mark Drain

Spectrum Medical

£1.0 billion

Steve Turner

Job Title
CEO

Founding Age
47

Current Age
65

Education Level
Unknown

Previous Profession
Entrepreneur

Social Media Profile
LinkedIn

Mark Drain

Job Title
CFO

Founding Age
41

Current Age
59

Education Level
Unknown

Previous Profession
Finance

Social Media Profile
LinkedIn

Spectrum Medical

Industry
Manufacturing

Revenue
£82.9m

Profit
£10.1m

Founded
2006

HQ
Cheltenham, UK

Website
spectrummedical.com

Gloucestershire-based Spectrum Medical develops and supplies technology and software used to keep hearts functioning during cardiac surgery as well as a range of other kit used during procedures. Turner and Drain set up the business 20 years ago and have grown operations in Australia, the US and Italy. Turnover has climbed to £82.9m and the firm now has more than 350 staff. CVC Capital Partners pumped in an undisclosed sum to Spectrum in a 2022 deal valuing the company at about £1bn. Turner continues to serve as chief executive, while Drain runs the finance and operations side of the business.

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