Top Track 100

Using knowledge that he had gained while working at Spar, Colin Graves set up the rival franchise chain Costcutter in 1986. The company now has a network of more than 1,400 franchises, mainly in Britain but also in Ireland and Poland. Many shops are located in the high street, but Costcutter is opening a growing number on petrol-station forecourts. The central group takes fees of 1% of sales from its franchises, hence the slim margins on sales of £383m 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
Rank90
CompanyCostcutter
ActivityConvenience store operator
LocationYork
Sales £m383
Profit £m4
Year endApr 03
Principal shareholdersColin Graves and family (100%)
Staff733
Founded1986
Websitewww.costcutter.com

If applicable:

* Supplied by company † Annualised figure **Estimated