Anglian enjoy profitable year

(09^th February 2011)

On February 6th the Sunday Times released its Buyout Track 100 league table, and list ranking Britain’s mid-market private-equity-backed companies that had the fastest growing profits over the previous two years. Anglian Home Improvements ranked at 93rd in the Buyout Track 100 chart. The paper said of Anglian Home Improvements:

“Anglian provides a range of products for the home, from double-glazed windows to guttering and conservatories. The Norwich based group sells to the building trade and local councils, as well as direct to homeowners. It also operates a separate wood-flooring business, and has a financial-services operation offering home-improvement loans. Alchemy delisted the company from the stock market in 2001 for a reported £162 million, and in 2008 it was taken over by a consortium of banks after a financial restructuring. Under chief executive Peter Mottershead, profits have grown 25% a year, from £9.5m in 2008 to £14.7m in 2010.”

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