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Founded in 1957 by the late Giuseppe “Jo” Modiano, this firm is now led by his sons Laurence, 54, and Michael, 51. Modiano buys untreated wool from countries such as New Zealand and Australia before processing it at its factory in the Czech Republic. It then sells the semi-treated output, where it is used to produce yarn for products such as upholstery and hosiery. Sales grew 22% to £251.5m in 2018, helped by strong domestic wool prices.

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Company details
ActivityWool merchant
LocationCentral London
Sales £m251.5
Operating profit £m22
Main shareholdersModiano settlements (99%), William Costin (1%)

If applicable:

* supplied by company   † annualised figure   ‡  profit = ebitda