2008 Profit Track 100
Rank: 36 INEOS Group
Founder is one of the wealthiest men in Britain, according to Rich List
This Hampshire chemicals firm grabbed the world’s attention just over two years ago when its £5.1 billion acquisition of Innovene, BP’s petrochemicals business, quadrupled turnover overnight. In fact, it was the latest in a long series of increasingly audacious acquisitions made by founder and chief executive Jim Ratcliffe, a former private-equity player. These have turned the company into the world’s third-largest petrochemicals group in 10 years, making Ratcliffe worth about £3 billion in the process. Profits have grown 68% a year, from £153m in 2003 to £727m in 2006.
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This Hampshire chemicals firm grabbed the world’s attention just over two years ago when its £5.1 billion acquisition of Innovene, BP’s petrochemicals business, quadrupled turnover overnight. In fact, it was the latest in a long series of increasingly audacious acquisitions made by founder and chief executive Jim Ratcliffe, a former private-equity player. These have turned the company into the world’s third-largest petrochemicals group in 10 years, making Ratcliffe worth about £3 billion in the process. Profits have grown 68% a year, from £153m in 2003 to £727m in 2006.
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Company facts
INEOS Group
Chemicals manufacturer
Company website
| Profit growth | 67.93% pa |
| 2006 profit | £726.8m |
| 2003 profit | £153.5m |
| 2006 staff | 11,987 |
| Founded | 1998 |
| Location of HQ | Switzerland/Hampshire |
| If applicable: * = annualised figures ‡ = draft accounts |
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