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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