Financial Information
“Our strong financial performance across the Group is testament to an organisation that puts people at the heart of all we do, and continually reinvests in order to innovate and grow.”
Sir Peter Rigby, Chairman and Founder
Highlights
Group Turnover
£3.9bn
+16%
Adjusted Profit
£195.2m
+83%
Operating Profit
£163.2m
+113%
Cash Resource
£544m
+37%
Free Cash Generated
£181.5m
+101%
Net Assets
£505.3m
+39%
CFO's Statement FY23
In our last financial year (FY23, 31 March 2023) Rigby Group recorded is strongest ever trading performance both as an operator and an investor.
Consolidated group turnover reached £3.9 billion, 16% higher than the previous financial year (FY22), with adjusted operating profit more than doubling to £163.2 million (FY22, £76.6m), boosted by the sale of cyber security and networking distribution business Nuvias during the year.
Technology is the cornerstone of Rigby Group, with SCC continuing as the principal driver of growth as the Group seeks to create long-term value as a technology focussed business operator and investor.
In December 2022, we announced a £300m technology programme to accelerate growth across SCC and Rigby Technology Investments.
Elsewhere, the Group’s Airports division continued its recovery from the pandemic, with revenues of £94m representing a growth of 21% on the prior year.
CFO Peter Whitfield, CFO
Read more +METRICS
“SCC’s growth is testament to our strong customer relationships. Over the next decade, we will continue to invest to offer even more skills and value to customers across all our geographies.”
James Rigby, CO-CEO Rigby Group
Divisional Performance
TECHNOLOGY
TURNOVER 2023
£3.29bn
24%
FY22 £2.66bn
OPERATING PROFIT 2023
£68.9m
7%
FY22 £64.5m
TURNOVER 2023
£110.3m
2%
FY22 £108.4m
OPERATING PROFIT 2023
£(5.6)m
-367%
FY22 £2.1m
Real Estate
AIRPORTS
2023
TURNOVER
£94.0M +21%
FY22 £77.4M
OPERATING PROFIT
£2.9M -65%
FY22 £8.2M
COMMERCIAL REAL ESTATE
2023
TURNOVER
£3.2M +0%
FY22 £3.2M
OPERATING PROFIT
£1.7M -41%
FY22 £2.9M
HOTELS
2023
TURNOVER
£16.7M +3%
FY22 £16.2M
OPERATING LOSS
£(2.3)M -309%
FY22 £1.1M
RESIDENTIAL REAL ESTATE
2023
TURNOVER
£32.8M +10%
FY22 £29.7M
OPERATING PROFIT
£0.3M +200%
FY22 £0.1M
Please note: above financial results for Residential Real Estate are not listed separately within Rigby Group’s Annual Report 2023, they are grouped within Central Operations and other businesses.
