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PRIVACY
Economic Development

Birmingham Post Rich List 2016: No.8= - Sir Peter Rigby

Profits are on the rise at Sir Peter Rigby's Rigby Group with the company seeing success and investment across its six core sectors

Sir Peter Rigby

IT/Aerospace
2016: No.8= - £550m
2015: No.6 - £550m

Profits are on the rise at Rigby Group. The company is seeing success and investment across its six core sectors of technology, airports, hotels, real estate, aviation and financial services.

In the year to March 2015 the Rigby Group posted revenues of £1.62 billion. That’s slightly down on the previous year but pre-tax profits rose form £9.6 million to £15.9 million.

Revenues for SCC, the technology arm of the the earlier acquisition of SSE Telecom’s flagship Hampshire Data Centre in a deal worth around £12 million.

But Peter Rigby’s hotels group, under the Eden Hotel Collection brand, grew by 52 per cent following the acquisition of Bovey Castle on Dartmoor. The a luxury hotel chain also includes Brockencote Hall in Worcestershire and the Victorian mansion at Chaddesley Corbett near Kidderminster, the Michelin-starred Mallory Court Hotel near Leamington, the upmarket and exclusive Kings Hotel in Chipping Campden, the Arden Hotel in Stratford-upon-Avon and Buckland Tout-Saints in Kingsbridge, Devon. The hotel group expanded in December with the acquisition of the Caterham House Hotel in Stratford-upon-Avon in a joint venture with the .

The group owns Coventry airport as well as Exeter International Airport and the operation of Blackpool and Derry airports. Airport revenues were up 58 per cent to £34.3 million. Plans have been approved to turn former passenger facilities at Coventry Airport into a new manufacturing and distribution hub, potentially creating 600 jobs. Peter Rigby’s property investment division, Ostrava Properties will build up to 650,000 sq ft of storage, distribution and industrial space.

This comes after a much bigger project – the Coventry Gateway, backed by Coventry and Warwick councils and the , was thrown out by Government as being too big an intrusion on the green belt.

Technology Division SCC is benefitting from increased demand for cloud services. The division’s investment in data centres has topped more than £50 million. It’s a strategy which is paying off. º£½ÇÊÓÆµ data centre and cloud revenues for SCC have grown by nearly 70 per cent, with contracts with Gist Aggregate Industries, BOC, IBM, Oxford Council, the CAA and the Highways Agency, adding £50 million in contract value to the Tyseley-headquartered firm which employs more than 6,000 people.