Warwickshire’s largest private business reports record growth

Two generations of the Rigby Group: James Rigby, Sir Peter Rigby and Steven Rigby

One of the Midlands’ largest private businesses has increased its revenues and profits as it revealed its latest record performance last year.

The Rigby Group reported a £400m rise in revenues to £2.77bn, while profits, as measured by EBITDA, increased 11% to £65.4m for the year to March.

Technology is the largest part of the group and its continued growth is driven by demand from businesses seeking outsourced and cost-effective solutions for cloud and digital services.

Rigby said that elsewhere, the airports division continues to be a significant contributor of profitability and further double-digit growth is expected in the current financial year.

Rigby Group, which is headquartered in Stratford-upon-Avon, is one of the largest private businesses in the Midlands, behind only GKN, 2 Sisters, JCB and bet365.

Sir Peter Rigby founded Specialist Computer Centres (SCC) in 1975 and is now chairman and chief executive of the eponymous parent group which has wide-ranging interests in technology, airports, hotels, aviation, real estate and finance.

The group operates 115 companies in 20 countries, employing more than 8,500 people.

Sir Peter said: “This is another strong set of financial results for the group, which underlines our growth strategy. Increases in revenue and profitability have been achieved at a time when we have also continued to invest in our services, infrastructure, and most crucial of all, our people ensuring we are in a position to meet our future group objectives.”

Steven Rigby, group chief operating officer, added: “The past 12 months have been yet another period of successful growth and strategic achievement for the Rigby Group. Across our operations, we have witnessed key milestones which collectively have fed into yet another record set of financial metrics.

“We have made key acquisitions, as well as successful strategic divestments during the period. We will continue to look at further acquisitions if they add value to the group. As we look to our current fiscal year, we have much to be optimistic about with ambitious plans across our six divisions and expect to maintain our strong growth trajectory.”

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