Cromwell Group

Managing director Michael Gregory had only two employees when he started his tool and engineering equipment shop in 1970. Today the Leicester-based business says it is Europe’s biggest independent supplier of industrial equipment and tools, operating 50 UK branches as well as warehouses in 12 countries. Sales grew to £223.8m in 2011 while profits almost doubled to £17.7m.

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Company details
CompanyCromwell Group
ActivityIndustrial equipment supplier
Sales £m223.8
Operating profit £m17.7
Main shareholdersMichael Gregory (100%)

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda