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.

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
CompanyMaplin Electronics
ActivityElectronic equipment retailer
Annual profit growth52.31%
Latest profits £000s17,366
Latest sales £000s99,146

If applicable:

* supplied by company † annualised figure