The basics
Company name: Crown Crest Group
What they do: Runs the Poundstretcher budget retail chain
Headquarters: Leicester
The boss: Ashid and Aziz Tayub
The financials
Latest turnover (?,000): 410,225
Four-year compound sales growth (%): 39
Latest Ebitda (?,000): 26,258
The details
The jewel in Crown Crest Group’s crown is the Poundstretcher empire, which owns a growing network of more than 400 shops across the UK employing around 5,000 people. Poundstretcher sells a huge range of discounted products including furniture and household appliances to price-savvy customers.
The Leicester-based group, owned by brothers Rashid and Aziz Tayub, is also on an acquisition spree having picked up the Instore brand in 2010, 15 Woolworths shops last year reported to have saved 235 jobs and 18 outlets from the smaller grocery chain Ugo in February 2012.
The Tayub brothers founded Crown Crest Group in 1976, having emigrated to the UK from their native Malawi. As well as Poundstretcher the business ships branded groceries to other value retailers from two depots in the Midlands. Turnover topped £410m in 2011 with pre-tax profits of more than £26m.
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