Profit Track 100

Maplin was founded in 1972 as a mail-order business selling computer components and home electronics. Since 1999, it has focused on retailing and now has 100 stores in Britain and Ireland, with plans to open a further 16 this year. In July 2001, management bought out the company, backed by £42m from Graphite Capital. Last July Graphite’s 70% stake was bought out by Montagu Private Equity in a deal worth £244m. Increased sales volumes, tight control over stock and supply-chain improvements have helped Maplin’s profits grow 52% a year from £4.9m in 2000 to £17.4m in 2003.

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Company details
Year2005
Rank69
CompanyMaplin Electronics
ActivityElectronic equipment retailer
LocationRotherham
Annual profit growth52.31%
Latest profits £000s17,366
Latest sales £000s99,146
Staff952
Founded1972
Websitewww.maplin.co.uk

If applicable:

* supplied by company † annualised figure