Profit Track 100

Founded by Sukhpal Singh Ahluwalia when he was only 18, this London-based company sources and sells spare parts to the automotive industry. Euro Car Parts sells predominantly to independent garages although it has recently secured large contracts with the RAC and Kwik-Fit. Director Martin Gray says sales rocketed when the company scaled up from sourcing niche products to stocking most parts for most makes of car. The growth in transactions made for amore cost-effective infrastructure—including more deliveries per run—pushing profit growth up 92% a year, from £2.4m in 2007 to £16.7m in 2010, excluding gains on foreign exchange.

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Company details
Year2011
Rank21
CompanyEuro Car Parts
ActivityCar parts retailer
LocationWembley
Annual profit growth92.28%
Latest profits £000s16,732
Latest sales £000s271,562
Staff2,530
Founded1978
Websitecorporate.eurocarparts.com

If applicable:

* Supplied by company † Annualised figure **Ebitda, revised to £4.9m after close of research