Manufacturing
2016: No.32= - £125m
2015: No.30 - £125m
runs Warwickshire-based Marla Tube Fittings which specialises in metal tube manufacture.
It’s a successful business which posted profits of £13.1 million in 2014, on sales of £115.1 million. The company has net assets of £64 million and is worth around £120 million. and the Preedy family own 98 per cent of the business.
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Marla Tube Fittings, based on the Arden Forest Industrial Estate in Alcester, was founded in 1956. The company now supplies tubes and tube fittings to a wide variety of clients around the globe ranging from oil companies to plumbers and is one of the º£½ÇÊÓÆµ’s largest steel stockists.
The company has its own high-tech manufacturing units using state=of-the-art computer-controlled manufacturing processes, and is also supplier and distributor for other leading manufacturers. As well as distribution facilities around the º£½ÇÊÓÆµ, Marla also has facilities in Dubai and China. The company employs around 160 people.
As well as managing director of Marla Tube Fittings, Simon Preedy is a director of nine other associated companies including Promat BD Ltd, Pressure Fittings Ltd, Eagle Tubes and Flanges, Redditch Fittings and Flanges and Marla Assets Ltd.