Revenue: £915.7m (+4%)
Staff: 2,139
A third generation of Rigbys has now entered the workforce of this family-owned reseller as it approaches its 50th year, Rigby Group Co-CEO Steve Rigby revealed in June as he acknowledged it had endured a “more difficult” fiscal 2024.
Founded by Sir Peter Rigby in 1975, Birmingham-based SCC saw total revenues climb 5% to £3.4bn in its year to 31 March 2024.
Despite the artificial boost May 2022, March 2023 and September 2023 acquisitions Visavvi, Vohkus and Nimble would have provided, the UK top line advanced by a modest 4% to £915.7m. Product resale contributed £703.3m to the total (up 5%), with services inching up 1% to £212.3m.
Higher costs dragged the UK arm to a £3.9m pre-tax loss (compared with a £13.8m profit the previous year). “The economy grew 0.1% and we had 6% inflation. That was really matched in SCC,” Steve Rigby explained.
France and Spain chipped in a respective €2.7bn and €111m to SCC’s top-line total, with the wider Rigby Group (whose interests also span airports, real estate and hotels) logging revenues of £3.7bn.
Oxygen ice-breaker
The impending inheritance tax changes announced in October’s Budget mark a “significant turning point” for family businesses across the UK, Steve Rigby argued in an op-ed for Family Business UK’s magazine in December.
