20:20 Mobile Group

The recession has not dented consumers’ appetite for mobile phones. 20:20 Mobile Group, a business that has operations in 10 countries across Europe and Asia, reported a 17% rise in revenues in 2009. The company was formed in 2006 when the private-equity firm Doughty Hanson backed a £347m buyout from the Caudwell Group. Under chief executive Meinie Oldersma, sales reached £992m in 2009.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Company20:20 Mobile Group
ActivityMobile phone distributor
Sales £m992
Profit £m26
Year endDec 09
Principal shareholdersDoughty Hanson (45%), consortium including RBS and Mizuho (45%), management (10%)

If applicable:

* Supplied by company † Annualised figure