º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Economic Development

Rich List 2017: No.16 - Thomas Mackie and family

The family have seen their fortunes remain constant at £440 million while their Rich List ranking has dropped two places

CEF Holdings

Electricals
2017: No.16 - £440m
2016: No.14 - £440m

Revenues have gone past the £500 million mark at City Electrical Factors Holdings Ltd electrical products wholesaler.

Established in 1951 with one outlet, CEF Holdings now has customers around the world.

The company’s attention to customer service has kept the Kenilworth company consistently profitable.

Pre-tax profits in 2015 reached almost £30 million from £21.4 million the previous year.

Turnover was £504 million compared to 2014's £478 million.

Thomas Mackie, an ex-GEC employee and former Royal Air Force radio operator, founded City Electrical Factors with just one outlet in Coventry.

He began by selling electric cables and light fittings to local contractors.