The Rigby Group is aiming to double in size over the coming decade after posting strong growth in its 2016 fiscal year.
The UK-headquartered conglomerate is best known for SCC, the European reseller giant which was responsible for more than 86 per cent of Rigby Group's FY16 turnover, which rose 10.8 per cent to £1.79bn (€1.99bn). Group pre-tax profit spiked 23.5 per cent to £22.3m for the 12-month period to 31 March.
SCC EMEA's FY16 revenue was more or less flat at £1.55bn. The VAR giant's UK business saw sales of £653m, while turnover in France stood at €1.1bn. Operations in Spain and Romania respectively contributed €64m and €15m to the top line. During the year the firm also invested in establishing a Vietnamese business, with an office in Ho Chi Minh City offering level-three and -four customer support, as well as housing a nascent DevOps unit.
In addition to its technology business, Rigby Group also has companies covering five other sectors: airports; hotels; property; aviation; and financial services. The last of these covers its Rigby Capital leasing business, as well as various investment vehicles - including Rigby Private Equity, which has invested in building pan-EMEA distribution player Nuvias Group. The group - which has thus far brought together distributors Wick Hill, Zycko, SCD, and Siphon Networks - posted turnover of £133m in FY16.
Rigby Group was founded 41 years ago by Sir Peter Rigby, who continues to run the business alongside his two sons: James and Steven. In a press release issued today it claimed it was "on course to double in size by 2025".
"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," said Steven Rigby, who serves as group chief operating officer.
"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."
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