A distributor of cigarettes, sweets and soft drinks, Hove-based Palmer & Harvey claims to deliver 26% of the tobacco and 15% of the confectionery sold in the UK. The company was founded in 1925, and was bought by its management in 1988. Last year, the company’s current executives bought out the 1988 management team in a £160m deal that was supported by Barclays, Burdale and Royal Bank of Scotland. In 2002, Palmer & Harvey reported slim operating profits of £12m on sales of £3,328m. It employed 3,177 people.

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Company details
Year2003
Rank2
CompanyPalmer and Harvey
ActivityWholesale distributor
LocationEast Sussex
Sales £m3,328
Profit £m12
Year endApr 02
Principal shareholdersManagement and employees (75%), previous shareholders (25%)
Staff3,177
Founded1925
Websitewww.palmerharvey.co.uk

If applicable:

* Supplied by company † Annualised figure