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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.

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Company details
CompanyBestway Holdings
ActivityCash & carry wholesaler
LocationWest London
Sales £m*719
Profit £m*26
Year endJun 03
Principal shareholdersPervez family (61%), management (39%)

If applicable:

* Supplied by company † Annualised figure **Estimated