Company name: Longfield Chemicals
What they do: Plastics distributor
The boss: Stuart Forsyth and Mark Pepper
Latest turnover (£,000): 51,438
Four-year compound sales growth (%): 39
Latest Ebitda (£,000): 1,290
Founded in 1968, Longfield Chemicals remains privately owned and boasts turnover of more than £51m from sales of polymers: plastic raw materials used in the production of a range of different products.
In 2010, the company shipped around 60,000 tonnes of polymers to plastics processors around the world. According to co-owners Mark Pepper and Stuart Forsyth, the business plan is based on “worldwide product sourcing, strong and well established supplier links, a highly experienced and a knowledgeable sales team as well as continental and UK warehousing.”
Longfield’s turnover has nearly doubled in three years from £26.7m to £51.4m and compound growth is running at a speedy 39 per cent. Meanwhile, EBITDA stood at £1.29m last year, up from just £55,000 in the basis year.
The Hot 100 2012 is brought to you by Investec, Jordans, Cass Business School and Your Business Your Future.
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