Rigby Group invests in Dashwood Boat Company

07—10—2013

Rigby Group invests in Dashwood Boat Company

Strong cash balance positions the Group for further growth

01—10—2013

Rigby Group (RG) plc, the parent company for a portfolio of privately owned businesses operating across Europe, the Middle East and North Africa, has published its results for the year to 31 March 2013.

The Group, which has made a number of acquisitions in 2012 and 2013, now encompasses the technology solutions provider SCC, the luxury Eden Hotel Collection, British International Helicopters (BIH), Regional & City Airport Management (RCAM) the property development business Rigby & Rigby and a wide range of additional investments.

Highlights

  • Turnover of continuing operations up 2.6% to £1.6b (2012: £1.5b)
  • SCC UK businesses revenue grew 3.5% to £665.3m (2012: £642.5m)
  • SCC Continental European business revenues grew 2.2% to £906.7m (2012:£887.6m)
  • Group pre-tax profit of £108.8m (2012: £29.4m)
  • Realised £130.4m net profit from £222.1m disposal of technology distribution business, SDG, in November 2012
  • Year-end net cash £196.2m (2012: £3.6m)
  • Increase in net assets to £283.6m (2012: £167m)
  • Operating profit from continuing operations, before acquisitions and exceptional items, was £2.0m (2012: £13.1m), impacted by current market conditions and cost dis-synergies arising from the SDG disposal
  • First steps taking in realignment from technology-led group to multi-asset portfolio
  • Aviation businesses acquired in August 2012
  • Eden Hotel Collection and Coventry Airport businesses acquired in March 2013
  • British International Helicopters (BIH) brand established following aviation acquisitions in April 2012, August 2012 and May 2013
  • Exeter airport acquired in June 2013
  • Rigby & Rigby acquired in July 2013
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Rigby Group PLC unifies aviation activities under British International Helicopters banner

24—09—2013

Rigby Group PLC has completed a reorganisation of its aviation division, unifying all helicopter operations under the British International Helicopter Services (BIH) brand.

The move will see the BIH brand at the head of the group’s helicopter-led aviation activities as it continues to pursue its strategic goal of building a large domestically owned commercial helicopter operator in the UK, leading a planned expansion of the group’s existing military and commercial helicopter business.

"Following a period of rapid growth through acquisition, we have now fully aligned the group’s aviation assets to create a balanced, full-service commercial air operation ready to meet the challenges of the sector," said Rigby Group founder and CEO Sir Peter Rigby.

"The British commercial aviation sector, which is important to both the regional and national economies, is currently dominated by overseas companies. From a strategic perspective UK PLC must address that, and it is clear to us that only a proven company of genuine scale and with real breadth of expertise can mount a credible challenge."

British International Helicopters now employs over 150 people and operates a fleet of 25 helicopters covering offshore and defence, engineering, charter and flying training activities from its bases at Newquay, Redhill, Coventry, Cardiff and Enniskillen.

The company is a well-regarded operator of medium and large helicopters with particular emphasis on offshore operations and in the defence sector. For more than a decade it has operated the Flag Officer Sea Training (FOST) helicopter support programme to provide services to the Royal Navy through HMS Raleigh, while a second contract provides the Ministry of Defence with helicopter services in support of British forces in the Falklands and provides the helicopter lift capability for troops and materials around the South Atlantic islands.

Cardiff Heliport operator Veritair will continue to function as BIH’s utilities division, servicing an operational workload that includes Police and Air Ambulance capability, commercial helicopter support including surveying, pipeline patrols, TV mast calibration, load lifting, forestry and national park services and film work.

London Helicopter Centres, based at Redhill, will maintain and develop BIH’s growing VIP and commercial charter business, flight training for both commercial and private pilots and helicopter engineering across a wide range of helicopter types.

The group’s successful sightseeing and tours business, The London Helicopter, will continue to fly from Battersea and Redhill.

Steve Rigby, Chief Operations Officer at Rigby Group, commented: "Commercial aviation is an expanding sector, and we are now positioned to maximise our opportunities in the offshore energy, military outsourcing and general utilities businesses. As we move forward, it is our intention to create a vibrant UK aviation brand focused on rapid, sustainable growth."

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Rigby Group named UK Family Business of the Year

13—09—2013

Rigby Group PLC has been named Family Business of the Year at the Private Business Awards 2013.

Unveiled as winner of the prestigious award at a ceremony in London this week, Rigby Group was recognised for the performance of its businesses, which saw technology division SCC post record financial results in 2012. Judges also praised the group’s diversity, which has seen it significantly expand its interests in the aviation sector over the past year with the acquisition of Exeter Airport and British International Helicopters.

"We are very pleased to have won this award as it is recognition of the success the Rigby family-principally through my father Sir Peter Rigby-has achieved over the past 37 years. While our heritage has been in IT, the Rigby Group today also has a broad range of interests spanning aviation, hotels and property and we are actively seeking to invest across these sectors, as well as our core SCC business, to drive further success and growth," said Rigby Group COO Steve Rigby.

"While this award marks our progress to date, we are very confident that the near future will bring further development and expansion."

The Family Business of the Year Award is presented annually to the company judges believe has best balanced the needs of its owners with a desire to become more successful. In addition to assessing financial results for the year 2012, emphasis is placed on selecting businesses with the potential for sustained long term growth.

Sponsored by PwC in association with HSBC, the Private Business Awards were launched in 2011 in order to recognise the work of privately owned firms, which are widely seen as the foundation of the UK economy. Previous award winners include Dyson and JCB.

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SCC Wins Prestigious Recycling Award

08—08—2013

SCC named as Electrical and Electronic Equipment Recycler of the Year award at National Recycling Awards 2013

SCC recycled over 2,000 tonnes of IT in 2011-12

SCC, Europe’s largest independent technology solutions provider, has won the Electrical and Electronic Equipment Recycler of the Year category at the 2013 National Recycling Awards.

Key to SCC’s success was its state-of-the-art, CarbonZero National Recycling Centre which processed over 2,000 tonnes of IT waste in 2011-12 and adheres to a strict zero per cent landfill policy.

Of the equipment processed, 376 tonnes was redeployed back into clients’ businesses, saving customers the cost and resource associated with updating IT infrastructure while refurbishing their estate to required business standards.

SCC also remarketed 1,824 tonnes of ‘end-of-life’ IT, operating a cost-neutral service by creating a revenue stream for customers, offsetting the cost of refreshing IT infrastructure and supporting Corporate Social Responsibility programmes through promoting reuse over disposal in line with the WEEE Directive.

Chief Executive James Rigby spoke of his pride at the win which was recognition of SCC’s innovative approach to supply services, saying:

"We have provided customers with IT recycling solutions for nearly 20 years, for some of Europe’s biggest organisations. We pride ourselves on the development and delivery of bespoke solutions, tailored to specific customer requirements.

"As technology advances, lifecycle decreases and organisations have a number of issues to consider around IT asset disposal. We have worked to develop solutions which can benefit any business priority, which could include budget restraints, environmental compliance or data security, for example.

"Our zero per cent landfill policy and carbon neutral recycling operations guarantees environmental compliance with the latest regulations, as our fully managed recycling service turns the burden of IT asset disposal into cost-savings and, in some instances, revenue return.

"We continually challenge ourselves to innovate and improve our offering to customers, ensuring a continual evolution of service provision in line with changes in legislation and government directives."

SCC offers clients a range of recycling options including a reverse logistics process, for example, collecting redundant equipment upon delivery of new and refurbished items. This model has helped customers significantly reduce their carbon emissions.

SCC’s core IT recycling services include refurbishment, remarketing and WEEE disposal, via their 55,000,000 sq. ft. National Recycling Centre or as an onsite solution, with mobile data shredding and erasure capabilities to HMG Infosec Standard No.5.

The National Recycling Centre is a CarbonZero facility, in partnership with co2balance, through the support of carbon offset projects in developing countries including the Energy Efficient African Stoves project in Kenya. In 2012 SCC offset all 1,345 tonnes of carbon emissions produced by their recycling operations, achieving CarbonZero status for the third consecutive year.

SCC was also a nominee for the Large Recycling and Waste Management Business of the Year category.

For more information around SCC’s IT recycling services, go to

http://www.scc.com/recycling/

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Rigby Group wins International Deal of the Year

08—07—2013

Rigby Group PLC has been presented with the prize for International Deal of the Year at Business Insider’s Midlands Dealmaker Awards.

Announced at a ceremony last week, judges chose Rigby Group’s 2012 sale of Specialist Distribution Group (SDG) as the top international deal of last year. Sold to US based Tech Data Corporation for £220m in November, the adjudicating panel selected the group for the prestigious award in recognition of a closing price that represented a multiple of eight times EBITDA.

"We are delighted to have been awarded International Deal of the Year for the SDG sale, which represented great value for the group in many ways. Not only did we achieve a very strong return on our many years of investment, but were able to select an acquirer perfectly matched to the aspirations of both the distribution business and its personnel," said Rigby Group Chief

Operations Officer Steve Rigby.

"Perhaps most importantly, the deal is allowing us to focus entirely on our core technology business SCC, enabling us to continually to invest in the scale, capability and coverage required to build on its excellent track record and Europe wide reputation."

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Rigby Group Acquires RCAM

08—07—2013

Rigby Group Plc has announced the acquisition of RCAM (Regional and City Airport Management Limited) from Balfour Beatty Plc.

RCAM is a specialist airport management company which is focused on operating airports which accommodate up to 3 million passengers a year, cargo, freight, corporate and General Aviation. Led by John Spooner - a highly experienced airport management professional - and former Managing Director of Manchester Airport – RCAM is responsible for the overall operation of Blackpool and City of Derry Airports and has now taken over the management of Patriot Aerospace’s airport assets, which comprise Exeter and Coventry Airports and Cardiff Heliport.

The airport operations sit alongside the group’s flying activities - now trading as “British International Helicopters” (BIH) following the recent acquisition. BIH is now the largest British helicopter operating business with specialist divisions covering offshore and defence, utility, engineering, charter and flight training.

The Rigby Group is committed to developing its aviation business as demonstrated by its recent acquisitions of Exeter Airport and BIH, which are currently being fully integrated into the group. The overall strategy is to be a leading player both in the regional airport sector and helicopter operations. Today over 450 people are employed within the aviation group as a whole.

Sir Peter Rigby commented; "The Rigby Group has invested in RCAM as we believe regional airports have a significant role to play in the future of the British aerospace sector and there is definite potential for growth in terms of both freight and passenger capacity. With major hub airports currently working to near or over capacity and questions of how to meet the demand being debated as part of the Davies Commission, we see a clear opportunity for regional airports to ease the strain, partly through effective management and operation."

John Spooner explained that "The RCAM business is based on the belief that Regional Airports are local transport facilities, operated locally for the benefit of local communities. Regional airports are vitally important to the economic development of regions, not just in the UK but also overseas. Obviously smaller airports do not have the benefits of scale enjoyed by the larger hub airports: to survive and prosper, smaller regional airports need to cooperate and collaborate and this is exactly what RCAM can do – bring regional airports together to enable them to operate safely, sensitively and increasingly efficiently."

"The passionate belief of the Rigby Group in the importance of the regions to the national economy makes Patriot Aerospace an ideal owner of RCAM" he added.

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Rigby Group Named in Sunday Times Top Track 100

01—07—2013

Rigby Group PLC has been named in the Sunday Times’ prestigious Top Track 100 listing of the UK’s top performing private companies.

Ranked 13th in the league table of fast growing private enterprises, Rigby Group was listed above a number of household name companies including JCB, Virgin Trains and bet365. The league table, which has been published every year since 1996, recognised the group’s performance following an 11% sales increase to March 2012 to £2.8bn, recording a profit of £48 million after tax.

"We are delighted that the considerable successes of recent months have been recognised with such a high ranking in a league table that contains some of the most dynamic, exciting and profitable companies in the UK," said Steve Rigby, the group’s Chief Operating Officer.

"The business’ performance over recent years is testament not only to our strategy of continually investing in sustainable businesses with a long-term future, but also to the extraordinary commitment and talent demonstrated by our key team members across all five divisions."

Formed in 1975, Rigby Group is the parent company for a portfolio of privately owned and highly successful businesses operating across Europe, the Middle East and North Africa. The Group comprises operating businesses in five key divisions - technology, aviation, property, hotels and investments. The group employs over 6000 staff worldwide.

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Rigby Group Acquires Exeter International Airport

26—06—2013

Rigby Group Plc has today announced the acquisition of Exeter International Airport from Balfour Beatty Plc for an undisclosed sum.

Exeter International Airport is the principal aerial gateway to and from the south west of the UK. It has a long history and current sound levels of activity on passenger, freight and general aviation activities. It is the home of Flybe, an important hub for the airline and its maintenance base and aviation academy, and also an important base for Thomson, Thomas Cook, Skybus and others.

The airport assets of the group sit alongside the flying activities now consolidated under the 'British International Helicopters' name following the recent acquisition of this company and the divisionalisation of its other existing helicopter operating businesses. The whole now constitutes the largest British helicopter operating business, with divisions covering offshore and defence, utility, engineering, charter and flying training activities.

Chairman, Sir Peter Rigby, said: "W e believe in the importance of regional airports and of their value to the local and regional communities and of their important contribution and place in the local economies. We are intent on developing our aviation business, within the Rigby Group, and we have made a significant acquisition here, and recently with the acquisition of British International Helicopters, in the course of the last month or so. We now intend to consolidate both of these opportunities with a view to being a leading group in the sectors of regional airports and helicopter operations. Approximately 450 jobs are now sustained in our aerospace activities."

Commenting today, Balfour Beatty Chief Executive, Andrew McNaughton, said: "We are pleased to have come to an arrangement ... that ensures the future viability of the airport for its staff and the local community it serves."

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CWDP moves forward on Gateway Development

06—05—2013

The Coventry and Warwickshire Development Partnership has been given the green light to create a major new development in the West Midlands.

Warwick District Council and Coventry City Council have both given planning consent for the creation of Coventry and Warwickshire Gateway, which could lead to the delivery of up to 14,000 jobs for the region.

The Gateway scheme includes a new technology hub on land north of Coventry Airport and a manufacturing/logistics hub to the south as well as carrying out major road improvements to ease congestion and improve access around Jaguar Land Rover’s premises at Whitley Business Park.

There is a clear and identified shortfall of suitable sites for occupiers to locate to within Coventry and Warwickshire and The Gate way has been backed by the Coventry and Warwickshire Local Enterprise Partnership as a key priority for economic growth in the area.

The development would also promote the creation of enhanced habitat for wildlife and accessible open space around the edge of the site.

The scheme has been designed to dovetail with the Highways Agency’s £110 million Toll Bar junction improvements in September this year, which will alleviate a long-standing traffic bottleneck which has been seen as a barrier to economic growth.

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