Rigby Group (RG) plc, the Stratford-upon-Avon headquartered parent company for a portfolio of family-owned, highly successful businesses operating across Europe, the Middle East and Asia, has published its final results for the year to 31 March 2018.
The latest set of figures are the best in the Group’s 43-year history. Revenues increased by more than £200 million which included the purchase of Bournemouth Airport, now part of the Rigby Group’s Regional & City Airports, which owns Coventry, Exeter, Bournemouth and Norwich airports and manages contracts for Blackpool, City of Derry and Solent airports and XLR Executive Jet Centres at Birmingham, Exeter and Liverpool Airports.
Alongside its airport division, the Group comprises a further five core divisions: technology, hotels, aviation, real estate and finance, and has made further strategic acquisitions and investments in the past 12 months.
Consolidated revenues from continuing operations, £2.37 billion, up nine per cent year-on-year, with group pre-tax profit of continuing operations, before exceptional items, £24.2 million (Previous Year £27.9m).
The Group aims to reach a market value of £1bn and EBITDA of £100 million. The Rigby Group operates 115 different companies in 20 countries worldwide, employing more than 8,500 staff across the globe.
The Rigby Group includes technology company SCC EMEA Group, one of Europe’s largest independent IT solutions providers providing its services to customers operating in a broad range of public and private industry sectors. Demand for digital and cloud services driving continued business growth.
The multi-award winning Eden Hotel Collection (EHC) is widely recognised as one of UK’s Top Five privately owned groups of luxury boutique hotel operators. EHC comprises eight boutique country house hotels across the Midlands, Cotswolds and South West of England and it dominates in the coveted 4 and 5 AA Red Star market. Hotels include the flagship Bovey Castle Hotel, in Devon and Mallory Court, in Warwickshire.
The aviation division comprises British International Helicopters (BIH), which supports civil and military aviation customers through its fleet of 13 helicopters based at Coventry, Newquay and Mount Pleasant (Falkland Islands); global air medical service Capital Air Ambulance and Patriot Aviation, an aircraft ownership company that leases aircraft to BIH (O) and Capital for utility, VIP charter and Air Medical Services.
Allect International Design Group is the newly launched overarching brand for Rigby Group’s residential design brands, comprising the award winning, Super-Prime specialist developer Rigby & Rigby and interiors and yacht design specialists Helen Green Design and Lawson Robb (acquired after full year period). Commercial developer Rigby Real Estate recently completed the 30-acre Imperial Park manufacturing and distribution hub and is exploring opportunities at Norwich and Exeter.
Rigby Group’s Financial Services division consists of FluidOne, Nuvias and Rigby Capital.
Steven Rigby, Group Chief Operating Officer, said: “This latest full financial year is another record period for the Group. We continue to expand and invest across our portfolio of interests. Our aim is to create a £1bn market value diversified group with EBITDA of £100million that will make Rigby Group one of the most successful wholly-owned family businesses the UK has ever produced. We are seeing the fruits of the acquisitions we have made over the past few years and there are some strong examples of collaboration and cross-selling driving growth. We have also added to our Group via acquisitions including Bournemouth Airport and remain interested in further buying opportunities.”