Bestway Holdings

Bestway’s core business is its 31 cash-and-carry outlets around the UK, but it has diversified in recent years. It has a London mill that processes and packs rice, operates an £80m cement plant in Pakistan, and owns 26% of UBL United Bank, which is Pakistan’s fourth-largest bank with more than 1,100 branches. Sir Anwar Pervez, who emigrated from Rawalpindi, founded Bestway in 1962 as a west London Asian food store. Its sales totalled £719m in 2003, excluding contributions from joint ventures. A sister company, Bestway Northern, which files separate accounts, had sales of £342m in 2003.

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
Year2004
Rank40
CompanyBestway Holdings
ActivityCash & carry wholesaler
LocationWest London
Sales £m*719
Profit £m*26
Year endJun 03
Principal shareholdersPervez family (61%), management (39%)
Staff1,626
Founded1962
Websitewww.bestway.co.uk

If applicable:

* Supplied by company † Annualised figure