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.

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
Year2012
Rank173
CompanyCromwell Group
ActivityIndustrial equipment supplier
LocationLeicester
Sales £m223.8
Operating profit £m17.7
Main shareholdersMichael Gregory (100%)
Staff1,735
Founded1970
Websitewww.cromwell.co.uk

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda