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PRIVACY
Economic Development

Rich List 2018: No.5 - John Bloor

John Bloor's Bloor Investments - parent of Bloor Homes and Triumph Motorcycles - is doing very nicely, reporting soaring profits and revenue

Rich List 2018 - Who is in the Top 10?

Construction/Manufacturing
2018: No.5 - £1.45bn
2017: No.4 - £1.25bn

Bloor Investments - parent of Bloor Homes and Triumph Motorcycles - is doing very nicely, reporting soaring profits and revenue.

A recovery in the housing market, rising values and ultra-low interest rates have resulted in growing profits, and a turnover of £1.14 billion.

Measham-based Bloor Homes - established in 1969 - is building houses at a rate of more than 2000 a year – everything from one-bedroom apartments to seven-bedroom luxury homes. The business has been helped by the Government's continuing help for first time buyers. New developments have been built across the º£½ÇÊÓÆµ including Rugby, Portsmouth, Altrincham, Wednesbury, Bath and Frome.

Bloor Homes is one of the largest privately-owned housebuilding groups in the º£½ÇÊÓÆµ. John Bloor's son Adrian is chief executive of Bloor Homes, having previously been chairman of the operation's southern region.

Hinckley-based Triumph Motorcycles is making a contribution to the Bloor balance sheet with a pre-tax profit of £2.3 million. The firm has embarked on one of the biggest model launch programmes in its history.

Triumph Motorcycles made a profit despite challenging market conditions which have had an effect on revenue. The company continues to invest in new models. Export performance remains strong, with production facilities and distribution networks in Brazil and India delivering an important contribution. The company has a factory in Brazil as well as three factories in Thailand and one in India.

Motorcycle sales are around 55,000 units, with more than 85 per cent coming from exports including the US.