Full year revenue and profits growth for Rigby Group

ONE of the West Midlands’ strongest family-owned businesses has seen a steep rise in revenue and profits.

Warwickshire-based Rigby Group is the parent company of a business spread across six core divisions with operations across the UK, Europe and the Middle East.

The core divisions cover technology, airports, hotels, real estate, financial services and aviation.

For the full year to March 31, 2016, group revenues increased to £1.79bn (2015: £1.61bn), a rise of 10.8%. Group EBITDA rose to £54.4m, an increase of 47.6%, while pre-tax profit rose  23.5% to £22.3m (2015: £18.1m).

The group, which was formed 41 years ago by Sir Peter Rigby and is run by him with his sons Steven and James, is on course to double in size by 2025, creating a £1bn market value diversified business. This would make it one of the most successful wholly-owned family businesses the UK has ever produced.

The group, whose head office is in Stratford-upon-Avon, benefitted from a series of acquisitions across its various portfolio interests, with five deals completed in the year and three post year-end.

Sir Peter Rigby, founder and CEO of the Rigby Group, said: “With two generations of the family at the helm, Rigby Group has built a distinguished reputation as both an investor and business operator; renowned for its independent thinking, seamless execution and a peerless approach to acquiring and nurturing businesses to unleash their potential. This approach has underpinned the success of the group today as shown in these results.”

Steven Rigby, Group Chief Operating Officer, added: “The hard work of the last three years is now paying off.  We no longer have a single business but a capable group, which in time will transform into one of the UK’s most profitable private companies.  

“We have exciting new divisions set to transform the landscape of the group and it is clear in time that the business will have a number of material £100m plus value divisions. 2016 marks the Rigby Group’s transformation from an organisation focused almost entirely on technology services to a diverse vibrant group showing profitable growth across each of its divisions.”