Lucy Group consists of four business units: Lucy Electric, Lucy Zodion, Lucy Castings and Lucy Real Estate. The Oxfordshire company sells its electrical control products in more than 50 countries and is led by chairman Richard Dick, 67. Turnover grew 35% to £217.1m in 2015 due to organic sales growth and favourable currency fluctuations. Last year, the group acquired the remaining 50% of an Indian joint venture, CG Lucy Switchgear, and low-voltage monitoring business GridKey from information technology group Selex ES. Before going to press, the group reported sales fell to £192m in 2016.
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.