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More than 1,000 of Palmer and Harvey’s 3,849 employees have shares in the company thanks to a £172m buyout in 2002 led by Christopher Adams and supported by Barclays, Burdale and Royal Bank of Scotland. Palmer and Harvey is a wholesaler and distributor of food and delivers more than a quarter of all the cigarettes sold in Britain. Its sales rose by £220m to £3,547m in 2003 and operating profits increased by £6m to £18m.

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Company details
CompanyPalmer and Harvey
ActivityWholesale distributor
LocationEast Sussex
Sales £m3,547
Profit £m18
Year endApr 03
Principal shareholdersManagement and employees (75%), previous shareholders (25%)

If applicable:

* Supplied by company † Annualised figure **Estimated