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PRIVACY
Manufacturing

Birmingham Post Rich List 2016: No.3 - Jacques Gaston Murray & family

Andrew Sykes is largely owned by the oldest entrant in our Rich List, 96 year-old Jacques Gaston Murray

Jacques Gaston Murray

Manufacturing
2016: No.3 - £1.1bn
2015: No.3 - £1bn

Jacques Murray’s air conditioning and heating firm is on the move. The company has moved from its Darlington Street headquarters to a new home in Union Street.

The move coincides with the Andrew Sykes Group’s 50th anniversary which was celebrated with a lunch at

Andrew Sykes is largely owned by the oldest entrant in our Rich List, 96 year-old .

The company is subject to the vagaries of the weather, but in the first six months of 2015 put in a strong performance driven by winter demand. Turnover for the half-year was £28.2 million, up from £26.7 million the previous year. Pre-tax profit rose from £4.1 million to £4.7 million. Confidence for a good performance for the rest of the year is high, thanks to hot weather in Europe which boosted the performance of the firm’s air conditioning hire business.

Full year sales for 2014 were slightly down on the previous year at £56.4 million due to under-performing Benelux markets. Profit for the year was almost £15 million. .

The firm continues to invest and in 2014 opened a new depot in Paris, the city of Jacques Murray’s birth.

He puts the company’s success down to its policy of reducing its reliance on its traditional core products and services, together with an increase in non-seasonal business and investment in new technically advanced and environmentally friendly products.