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Hot 100 2012 – 72: Magir

in Investec Hot 100 by . .

Hot 100 2012: Number 72 is Magir, a Northern Irish pharmacist group.

The basics

Company name: Magir
What they do: Northern Ireland pharmacist group
Headquarters: Belfast
The boss: Michael Guerin

The financials

Latest turnover (£,000): 89,894
Four-year compound sales growth (%): 34
Latest Ebitda (£,000): 8,588

The details

Employing over 600 staff, including 70 pharmacists, Magir is the biggest indigenous pharmacy group in Northern Ireland. 

Founder Michael Guerin started with one pharmacy in 1988, and continued to grow by acquisition. In 2002, the Group was brought under the Medicare brand, by that time having over 13 pharmacies. The head office and distribution centre is in Belfast, and the group can now boast 54 high volume retail pharmacies across Northern Ireland. 

Times have not always been easy. The company’s first two pharmacies were located in central Belfast, and during the troubles, were damaged almost 20 times. Turnover last year was £89.9m while profits sat at £8.59m.

The Hot 100 2012 is brought to you by Investec, Jordans, Cass Business School and Your Business Your Future.

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