Britain's Top 100 Entrepreneurs 2010: Petrofac's high-octane champion

It's been a bumper year for black gold, as Syrian-born oil services magnate Ayman Asfari tops our list.

by Philip Beresford
Last Updated: 09 Oct 2013

Britain's economy may still be on life support, but our enterprise culture is thriving nonetheless. MT's seventh annual survey of Britain's Top 100 Entrepreneurs shows that there are still chunks of UK plc that are dispelling the general gloom. Not least in the oil business, from which no fewer than four of this year's top 10 are drawn, including our number one, Ayman Asfari of Petrofac. He is a worthy winner who has put in a world-class performance in a crucial industry at a time when the UK really needs it.

Asfari is a Syrian-born but British-based oil services entrepreneur, who joined what was a US group in 1991. He took it by the scruff of the neck and turned Petrofac from a small domestic outfit into one of the leading oil services groups in the world, with a strong North Sea presence and huge Middle Eastern business, courtesy of Asfari's impeccable contacts there.

Petrofac is also now London-based, like Asfari himself. Such choices cannot be taken for granted in an increasingly peripatetic business world, where rates of tax and the burden of red tape are carefully weighed up.

Asfari is far from being a lone representative from oil and oil services this year. Our number two, Richard Higham, has done wonders at Norwich-based Acteon, which provides the oil and gas industry with technology for linking the seabed to the surface. Profits and sales have soared since Higham led a secondary management buyout there in 2006. Aidan Heavey of Tullow Oil in fourth place is also having a good year, with lucrative oil discoveries in Uganda and off the coast of Ghana. And in sixth spot is Sir Ian Wood of offshore engineers the Wood Group, the person credited with making Aberdeen the capital of the North Sea oil business.

One other aspect worthy of note is that 2010 is the year of grey power, with a whopping 58 of our entrepreneurs aged 60 or above, and no fewer than 11 aged 70 or over. Commentators who claim that the recesssion has hit the younger generation hardest may have a point.

This is the second Top 100 Entrepreneurs list to be published in the teeth of recession. That our MT100 are holding their own is vital for the country's economic activity and especially employment. They offer hope and inspiration to those less fortunate souls who have lost their jobs recently.

For role models our entrepreneurs certainly are. Looking at two of our key measures of performance - growth in turnover and employment - it is heartening to report that the MT100 have done themselves proud. In five years, their turnover has grown from £11.2bn to £24.9bn, a healthy 122% rise, which naturally means more economic activity spreading round the UK.

More importantly perhaps, their total headcount has risen in five years by over 48,000 to 137,914. This represents a 53% rise and shows that in the crucial area of productivity, the entrepreneurs making our list are right on top of their game. They are getting more work out of their staff, with turnover growing at more than twice the rate of employment growth. This is the route back to national prosperity.

A word of caution should be injected. Such has been the speed and ferocity of the downturn that even some of our select band have had to shed jobs, or may have to do so in the grim year ahead. But they've shown that it is not just the public sector where employment has grown - and that private-sector jobs can flourish.

This year's MT100 is not just about oil. Fully 36 of the 100 are drawn from industry, way ahead of any other sector. Given the mauling that industry has had of late, this is a remarkable achievement. Most of the 36, if not all, are involved in high-tech manufacturing, providing complex kit for specialist markets. Few are high-profile, preferring to let their results do the talking. Who, for example, has heard of Divex, an Aberdeen-based company providing complex diving equipment for world markets in the energy and defence fields? Or Jimmy Heselden of Hesco Bastion, after whose giant flat-packed blast walls Afghanistan's Camp Bastion is named?

The sheer diversity of the MT100 provides a huge boost to the economy. Aside from our industrialists, we have 11 in construction and nine in retailing, two of the most battered of all sectors. Thankfully, we have never included anyone in property, as our metrics do not comfortably accommodate the property world - which is essentially all about growth in asset values (although not at present), rather than driving up sales or taking on more staff.

The one area where we have taken a step back in the MT100 is in the female headcount. This year, we have just eight women. It was nine last time, and a record 29 in 2008. But the women we include are of outstanding quality - Natalie Massenet, for example, who founded online clothing boutique Net-a-porter.com in 2000. She comes in at number three, the highest recorded position for a female entrepreneur since our Top 100 began.

But we have also taken care to identify entrepreneurs who are as financially robust as it is possible to be today. This year, as an added precaution, we have been eagle-eyed in seeking out only those companies where borrowings are low or non-existent. In the past, highly geared companies could use rising asset values or rising profits to keep bank managers happy - no longer. It is also worth mentioning that anyone who has won the Top 100 has to step aside for the year following their triumph, to give others a chance.

One measure of how well our entrepreneurs are doing comes from a valuation of their stake in the business and other assets, based on stock market values if their company is quoted or, for those who run a private company, in line with others in the Top 100. Such valuations come with many caveats but serve as a rough-and-ready guide. Collectively, the Top 100 are, we reckon, worth just over £9bn, down sharply from £11bn last year and £17bn in 2008. So this downturn is hitting the wealthy too.

The one fact that unites all our Top 100 - veterans and young 'uns alike - is their demonstrable record of success. But with plenty more heavy weather to come before the economic storm abates, they'll need to draw on all their resilience and experience. The rest of us can only urge them on. Without them, we would all be in an awful pickle, to put it politely.

THE LEAGUE TABLE - BRITAIN'S TOP 100 ENTREPRENEURS 2010
Rank Name Age Company Activity Wealth
(pounds m)
1 Ayman Asfari 51 Petrofac Oil services 520
2 Richard Higham 51 Acteon Oil services 52
3 Natalie Massenet* 44 Net-a-Porter Online fashion 52
4 Aidan Heavey 56 Tullow Oil Oil exploration 98
5 Chris Dawson 58 Range Home retail 150
6 Sir Ian Wood* 67 Wood Group Oil services 906
7 Henry Moser* 60 Jerrold
Holdings Finance 165
8 Chris &
Gregg Siepman 47/49 Liquid
Capital Group Finance 40
9 Andy Bell 43 AJ Bell Business services 40
10 Peter Hargreaves 63 Hargreaves
Lansdown Financial
services 530
11 Philip Burgan 58 Maria Mallaband Care homes 31
12 Charles Wigoder 49 Telecom Plus Telecoms 53
=13 Fred & Peter Done 66/62 Done Bros
(Cash Betting) Gaming 525
=13 Johnny & Patrick
Byrne 64/60 Byrne Group Construction 80
15 Stewart Milne 49 Stewart Milne Construction 125
=16 Andrew Owens* 47 Greenergy Green fuel 50
=16 Jo Bradwell 64 Binding Site Pharmaceuticals 113
18 Graham Cartledge 62 Benoy Architectural
services 30
19 Nick Jenkins 42 Moonpig.com Internet
retailing 17
20 Adrian White 67 Biwater Water services 52
21 Michael Spencer 54 Icap Finance 650
22 Nick Robinson 50 Phoenix IT IT services 35
23 Ken Davy 68 Simply Biz Business services 22
=24 Carly Read 61 Icon Live Fashion 20
=24 Richard Tang 43 Zen Internet Internet services 30
26 John Partridge* 70 Sonardyne Electronics 80
=27 Chrissie Rucker 41 The White
Company Fashion 35
=27 Roger Duggan 60 Immuno-
diagnostic Pharmaceuticals 12
29 Robert &
Jonathan Mould 61/56 Romo Furnishings 38
30 Jimmy Heselden 61 Hesco Bastion Blast walls 214
31 Johnnie Boden 48 Boden Fashion 87
=32 Raj Sehgal* 34 Visage Fashion 52
=32 Rick Traynor 50 Begbies Traynor Insolvencies 30
34 Bipin &
Piyoosh Chotai 62/59 Waremoss Pharmacies 20
35 Dai Walters 64 G Walters Mining 90
36 Michael Garlick 46 MBA IT consultancy 50
=37 David Moulsdale 41 Optical Express Opticians 50
=37 Derek Clarke 57 Divex Diving equipment 15
39 Sir Paul Smith 63 Paul Smith Fashion 230
40 Tony Watson 54 Watson
Petroleum Fuel 45
=41 Gordon Sanders 63 Runwood Care homes 102
=41 Alan Wiseman* 59 Robert Wiseman Dairy products 140
=43 Crispin &
Geremy Thomas 49/47 TMTI Business services 10
=43 Peter &
Michael Kane 63/59 Business Post Courier services 105
=45 David Andrews 60 Xchanging Business services 52
=45 Assem Allam 70 Allam Marine Power generation 97
47 Michael Hoodless 51 Michael
Lonsdale Industry 24
48 William Paterson* 64 Patersons
Quarries Industry 38
=49 Jake Shafran 57 Jato Dynamics Business services 52
=49 Philip Watkins 44 Welco Industry 22
51 Martyn Godfrey* 60 Browns Food
Group Food production 20
=52 Martin Bruce* 45 Scotia Construction 30
=52 Harold Martin 75 HW Martin Industry 53
=54 John Kirkland* 71 Bowmer &
Kirkland Construction 205
=54 Duncan Fletcher* 67 Forth Construction 35
56 Ronnie Mincher 65 Glenalmond Industry 22
57 David Wernick* 52 Wernick Industry 33
=58 David Milles 67 Hexadex Industrial
components 36
=58 Will Adderley* 37 Dunelm Retailing 540
60 Norman Grundon* 68 Grundon Waste management 52
61 Gene Willson 59 Titan Airways Aviation 32
=62 Philip Meeson 62 Dart Group Aviation 33
=62 Linda Bennett 47 LK Bennett Fashion 70
=62 Peter Dawson 71 Dawsongroup Asset leasing 160
=65 Jeremy Woolridge 65 Wedge Industry 38
=65 Dennis Pay* 67 Paydens Pharmaceuticals 45
=65 Ian Scarr-Hall 71 GSH Business services 40
=65 Christopher
Johnson 62 Ipeco Industry 30
69 Bob Gault 64 Klondyke Garden centres 30
70 Kevin &
Dermot Clancy 59/58 Clancy Group Construction 40
71 Sean Kelly 64 Richard Austin
Alloys Metals 16
72 Craig Burkinshaw 39 Audley Travel Travel 15
=73 Andrew Gare 60 Permastore Industry 30
=73 John Harry* 63 S Norton Waste &
scrap metal 53
=73 Gary Dutton 60 Synseal Industry 90
76 Shelagh Elkins* 57 Tectrade Computers 20
77 Jatti &
Avneet Sahni 43/38 VIP Computer
Centre IT components 30
=78 Chris Thompson 53 Express Group Industry 40
=78 Jonathan Wild* 57 Bettys &
Taylors Catering 72
80 Richard Wolfe 61 Travel Channel
International TV and internet 30
=81 Tim Mead* 46 Yeo Valley Dairy products 52
=81 Michael Gooley 73 Trailfinders Travel 195
83 Bryan Glastonbury 56 Integral Building
services 30
=84 Alan &
Brian Stannah 74/70 Stannah Industry 102
=84 Brian Kingham 65 Reliance Security 140
86 Andrew Page 56 Andrew Page Car parts 53
87 Richard Smith* 61 PCMS Software 54
88 Massimo Gini 63 FX Finance 52
89 Keith Black* 50 Regatta Outdoor clothing 34
90 Woon Wing Yip* 72 W Wing Yip Groceries 72
91 Ron Alcock 68 HI Weldrick Chemists 30
=92 Bob Edwards 56 Scotframe Industry 30
=92 Tony Laithwaite* 64 Direct Wines Retailing 30
94 William Hughes 68 B&M Care Care homes 45
95 John Guest 82 John Guest
International Industry 53
96 Michael McBraida 71 McBraida Industry 10
97 Tony Rowe 61 South West
Communications Telecoms 22
98 Andrew Thorpe* 60 FW Thorpe Industry 34
99 John Cotton 69 John Cotton Textiles 45
100 Tim Poon 68 Hoo Hing Groceries 20

Rank Name Age Company Activity Latest 5yr %
turnover rise
(pounds in
m) turn-
over
1 Ayman Asfari 51 Petrofac Oil services 2,283 364
2 Richard Higham 51 Acteon Oil services 309 713
3 Natalie
Massenet* 44 Net-a-Porter Online fashion 81 575
4 Aidan Heavey 56 Tullow Oil Oil exploration 692 207
5 Chris Dawson 58 Range Home retail 175 165
6 Sir Ian Wood* 67 Wood Group Oil services 3,596 209
7 Henry Moser* 60 Jerrold
Holdings Finance 166 202
8 Chris &
Gregg Siepman 47/49 Liquid
Capital Group Finance 166 348
9 Andy Bell 43 AJ Bell Business
services 25 317
10 Peter
Hargreaves 63 Hargreaves
Lansdown Financial
services 133 177
11 Philip Burgan 58 Maria
Mallaband Care homes 32 540
12 Charles Wigoder 49 Telecom Plus Telecoms 278 172
=13 Fred &
Peter Done 66/62 Done Bros
(Cash Betting) Gaming 1,103 97
=13 Johnny &
Patrick Byrne 64/60 Byrne Group Construction 317 148
15 Stewart Milne 49 Stewart Milne Construction 420 122
=16 Andrew Owens* 47 Greenergy Green fuel 1,725 622
=16 Jo Bradwell 64 Binding Site Pharmaceuticals 39 117
18 Graham
Cartledge 62 Benoy Architectural
services 36 227
19 Nick Jenkins 42 Moonpig.com Internet
retailing 21 2,000
20 Adrian White 67 Biwater Water services 313 94
21 Michael Spencer 54 Icap Finance 1,601 102
22 Nick Robinson 50 Phoenix IT IT services 253 187
23 Ken Davy 68 Simply Biz Business
services 13 333
=24 Carly Read 61 Icon Live Fashion 64 326
=24 Richard Tang 43 Zen Internet Internet
services 36 157
26 John Partridge* 70 Sonardyne Electronics 48 269
=27 Chrissie Rucker 41 The White
Company Fashion 70 141
=27 Roger Duggan 60 Immuno-
diagnostic Pharmaceuticals 25 400
29 Robert &
Jonathan Mould 61/56 Romo Furnishings 142 173
30 Jimmy Heselden 61 Hesco Bastion Blast walls 196 87
31 Johnnie Boden 48 Boden Fashion 168 95
=32 Raj Sehgal* 34 Visage Fashion 160 74
=32 Rick Traynor 50 Begbies
Traynor Insolvencies 62 148
34 Bipin &
Piyoosh Chotai 62/59 Waremoss Pharmacies 40 186
35 Dai Walters 64 G Walters Mining 58 123
36 Michael Garlick 46 MBA IT consultancy 99 200
=37 David Moulsdale 41 Optical
Express Opticians 207 123
=37 Derek Clarke 57 Divex Diving
equipment 66 288
39 Sir Paul Smith 63 Paul Smith Fashion 150 63
40 Tony Watson 54 Watson
Petroleum Fuel 500 107
=41 Gordon Sanders 63 Runwood Care homes 43 79
=41 Alan Wiseman* 59 Robert Wiseman Dairy products 834 71
=43 Crispin &
Geremy Thomas 49/47 TMTI Business
services 5 150
=43 Peter &
Michael Kane 63/59 Business Post Courier
services 386 66
=45 David Andrews 60 Xchanging Business
services 558 42
=45 Assem Allam 70 Allam Marine Power
generation 106 152
47 Michael
Hoodless 51 Michael
Lonsdale Industry 130 145
48 William
Paterson* 64 Patersons
Quarries Industry 52 73
=49 Jake Shafran 57 Jato Dynamics Business
services 33 37
=49 Philip Watkins 44 Welco Industry 17 89
51 Martyn Godfrey* 60 Browns
Food Group Food production 86 132
=52 Martin Bruce* 45 Scotia Construction 80 60
=52 Harold Martin 75 HW Martin Industry 64 45
=54 John Kirkland* 71 Bowmer &
Kirkland Construction 885 69
=54 Duncan
Fletcher* 67 Forth Construction 146 78
56 Ronnie Mincher 65 Glenalmond Industry 33 94
57 David Wernick* 52 Wernick Industry 61 79
=58 David Milles 67 Hexadex Industrial
components 101 115
=58 Will Adderley* 37 Dunelm Retailing 424 50
60 Norman Grundon* 68 Grundon Waste
management 82 58
61 Gene Willson 59 Titan Airways Aviation 54 86
=62 Philip Meeson 62 Dart Group Aviation 439 64
=62 Linda Bennett 47 LK Bennett Fashion 57 58
=62 Peter Dawson 71 Dawsongroup Asset leasing 153 37
=65 Jeremy
Woolridge 65 Wedge Industry 114 119
=65 Dennis Pay* 67 Paydens Pharmaceuticals 111 48
=65 Ian Scarr-Hall 71 GSH Business
services 200 96
=65 Christopher
Johnson 62 Ipeco Industry 60 122
69 Bob Gault 64 Klondyke Garden centres 38 65
70 Kevin &
Dermot Clancy 59/58 Clancy Group Construction 234 77
71 Sean Kelly 64 Richard
Austin Alloys Metals 82 122
72 Craig
Burkinshaw 39 Audley Travel Travel 49 69
=73 Andrew Gare 60 Permastore Industry 31 107
=73 John Harry* 63 S Norton Waste &
scrap metal 229 56
=73 Gary Dutton 60 Synseal Industry 92 39
76 Shelagh
Elkins* 57 Tectrade Computers 36 112
77 Jatti &
Avneet Sahni 43/38 VIP Computer
Centre IT components 163 44
=78 Chris Thompson 53 Express Group Industry 14 75
=78 Jonathan Wild* 57 Bettys &
Taylors Catering 77 45
80 Richard Wolfe 61 Travel
Channel
International TV and internet 12 140
=81 Tim Mead* 46 Yeo Valley Dairy products 178 37
=81 Michael Gooley 73 Trailfinders Travel 634 26
83 Bryan
Glastonbury 56 Integral Building
services 180 56
=84 Alan &
Brian Stannah 74/70 Stannah Industry 169 38
=84 Brian Kingham 65 Reliance Security 382 31
86 Andrew Page 56 Andrew Page Car parts 97 35
87 Richard Smith* 61 PCMS Software 37 42
88 Massimo Gini 63 FX Finance 30 36
89 Keith Black* 50 Regatta Outdoor
clothing 61 39
90 Woon Wing Yip* 72 W Wing Yip Groceries 91 23
91 Ron Alcock 68 HI Weldrick Chemists 61 35
=92 Bob Edwards 56 Scotframe Industry 42 45
=92 Tony
Laithwaite* 64 Direct Wines Retailing 344 38
94 William Hughes 68 B&M Care Care homes 25 39
95 John Guest 82 John Guest
International Industry 110 29
96 Michael
McBraida 71 McBraida Industry 13 86
97 Tony Rowe 61 South West
Communications Telecoms 20 54
98 Andrew Thorpe* 60 FW Thorpe Industry 52 40
99 John Cotton 69 John Cotton Textiles 93 27
100 Tim Poon 68 Hoo Hing Groceries 74 48

Rank Name Age Company Activity Number 5yr %
of em- rise
ploy- in em-
ees ploy-
ment
1 Ayman Asfari 51 Petrofac Oil services 10,383 96
2 Richard Higham 51 Acteon Oil services 1,595 587
3 Natalie
Massenet* 44 Net-a-Porter Online
fashion 461 418
4 Aidan Heavey 56 Tullow Oil Oil
exploration 471 220
5 Chris Dawson 58 Range Home retail 2,291 147
6 Sir Ian Wood* 67 Wood Group Oil services 22,762 55
7 Henry Moser* 60 Jerrold
Holdings Finance 338 77
8 Chris &
Gregg Siepman 47/49 Liquid Capital
Group Finance 217 168
9 Andy Bell 43 AJ Bell Business
services 255 196
10 Peter Hargreaves 63 Hargreaves
Lansdown Financial
services 607 41
11 Philip Burgan 58 Maria Mallaband Care homes 1,303 307
12 Charles Wigoder 49 Telecom Plus Telecoms 363 96
=13 Fred &
Peter Done 66/62 Done Bros
(Cash Betting) Gaming 2,282 84
=13 Johnny &
Patrick Byrne 64/60 Byrne Group Construction 817 95
15 Stewart Milne 49 Stewart Milne Construction 1,377 59
=16 Andrew Owens* 47 Greenergy Green fuel 76 55
=16 Jo Bradwell 64 Binding Site Pharma-
ceuticals 460 65
18 Graham Cartledge 62 Benoy Archi-
tectural
services 441 217
19 Nick Jenkins 42 Moonpig.com Internet
retailing 65 712
20 Adrian White 67 Biwater Water
services 3,703 215
21 Michael Spencer 54 Icap Finance 4,232 44
22 Nick Robinson 50 Phoenix IT IT services 2,790 148
23 Ken Davy 68 Simply Biz Business
services 111 236
=24 Carly Read 61 Icon Live Fashion 1,406 315
=24 Richard Tang 43 Zen Internet Internet
services 285 243
26 John Partridge* 70 Sonardyne Electronics 207 32
=27 Chrissie Rucker 41 The White
Company Fashion 612 153
=27 Roger Duggan 60 Immuno-
diagnostic Pharma-
ceuticals 216 286
29 Robert &
Jonathan Mould 61/56 Romo Furnishings 1,186 84
30 Jimmy Heselden 61 Hesco Bastion Blast walls 308 41
31 Johnnie Boden 48 Boden Fashion 684 55
=32 Raj Sehgal* 34 Visage Fashion 529 133
=32 Rick Traynor 50 Begbies Traynor Insolvencies 606 136
34 Bipin &
Piyoosh Chotai 62/59 Waremoss Pharmacies 302 163
35 Dai Walters 64 G Walters Mining 327 31
36 Michael Garlick 46 MBA IT
consultancy 122 33
=37 David Moulsdale 41 Optical Express Opticians 2,682 52
=37 Derek Clarke 57 Divex Diving
equipment 403 144
39 Sir Paul Smith 63 Paul Smith Fashion 768 39
40 Tony Watson 54 Watson
Petroleum Fuel 541 58
=41 Gordon Sanders 63 Runwood Care homes 1715 34
=41 Alan Wiseman* 59 Robert Wiseman Dairy
products 4,504 35
=43 Crispin &
Geremy Thomas 49/47 TMTI Business
services 87 190
=43 Peter &
Michael Kane 63/59 Business Post Courier
services 2,834 39
=45 David Andrews 60 Xchanging Business
services 4,365 134
=45 Assem Allam 70 Allam Marine Power
generation 29 11
47 Michael Hoodless 51 Michael
Lonsdale Industry 145 79
48 William Paterson* 64 Patersons
Quarries Industry 648 86
=49 Jake Shafran 57 Jato Dynamics Business
services 266 131
=49 Philip Watkins 44 Welco Industry 150 154
51 Martyn Godfrey* 60 Browns Food
Group Food
production 648 82
=52 Martin Bruce* 45 Scotia Construction 294 149
=52 Harold Martin 75 HW Martin Industry 421 53
=54 John Kirkland* 71 Bowmer &
Kirkland Construction 1,793 23
=54 Duncan Fletcher* 67 Forth Construction 1431 60
56 Ronnie Mincher 65 Glenalmond Industry 249 91
57 David Wernick* 52 Wernick Industry 466 58
=58 David Milles 67 Hexadex Industrial
components 708 33
=58 Will Adderley* 37 Dunelm Retailing 5,414 22
60 Norman Grundon* 68 Grundon Waste
management 708 35
61 Gene Willson 59 Titan Airways Aviation 213 52
=62 Philip Meeson 62 Dart Group Aviation 2,573 64
=62 Linda Bennett 47 LK Bennett Fashion 545 29
=62 Peter Dawson 71 Dawsongroup Asset leasing 620 30
=65 Jeremy Woolridge 65 Wedge Industry 1,022 25
=65 Dennis Pay* 67 Paydens Pharma-
ceuticals 1,022 42
=65 Ian Scarr-Hall 71 GSH Business
services 1,875 27
=65 Christopher
Johnson 62 Ipeco Industry 608 30
69 Bob Gault 64 Klondyke Garden
centres 718 59
70 Kevin &
Dermot Clancy 59/58 Clancy Group Construction 1,919 29
71 Sean Kelly 64 Richard Austin
Alloys Metals 162 41
72 Craig Burkinshaw 39 Audley Travel Travel 191 112
=73 Andrew Gare 60 Permastore Industry 207 29
=73 John Harry* 63 S Norton Waste &
scrap metal 120 24
=73 Gary Dutton 60 Synseal Industry 710 26
76 Shelagh Elkins* 57 Tectrade Computers 71 36
77 Jatti &
Avneet Sahni 43/38 VIP Computer
Centre IT components 146 62
=78 Chris Thompson 53 Express Group Industry 131 24
=78 Jonathan Wild* 57 Bettys &
Taylors Catering 1,137 22
80 Richard Wolfe 61 Travel Channel
International TV and
internet 44 16
=81 Tim Mead* 46 Yeo Valley Dairy
products 1,251 29
=81 Michael Gooley 73 Trailfinders Travel 1,258 21
83 Bryan
Glastonbury 56 Integral Building
services 2,740 36
=84 Alan &
Brian Stannah 74/70 Stannah Industry 1,665 8
=84 Brian Kingham 65 Reliance Security 13,060 11
86 Andrew Page 56 Andrew Page Car parts 1,090 24
87 Richard Smith* 61 PCMS Software 365 6
88 Massimo Gini 63 FX Finance 414 24
89 Keith Black* 50 Regatta Outdoor
clothing 350 32
90 Woon Wing Yip* 72 W Wing Yip Groceries 345 17
91 Ron Alcock 68 HI Weldrick Chemists 557 37
=92 Bob Edwards 56 Scotframe Industry 194 28
=92 Tony Laithwaite* 64 Direct Wines Retailing 1,046 32
94 William Hughes 68 B&M Care Care homes 915 16
95 John Guest 82 John Guest
International Industry 1,248 5
96 Michael McBraida 71 McBraida Industry 110 25
97 Tony Rowe 61 South West
Communications Telecoms 153 26
98 Andrew Thorpe* 60 FW Thorpe Industry 545 11
99 John Cotton 69 John Cotton Textiles 805 6
100 Tim Poon 68 Hoo Hing Groceries 310 24

Rank Name Age Company Activity Score
**
1 Ayman Asfari 51 Petrofac Oil services 40
2 Richard Higham 51 Acteon Oil services 41
3 Natalie Massenet* 44 Net-a-Porter Online fashion 44
4 Aidan Heavey 56 Tullow Oil Oil exploration 46
5 Chris Dawson 58 Range Home retail 57
6 Sir Ian Wood* 67 Wood Group Oil services 61
7 Henry Moser* 60 Jerrold
Holdings Finance 64
8 Chris &
Gregg Siepman 47/49 Liquid Capital
Group Finance 75
9 Andy Bell 43 AJ Bell Business services 76
10 Peter Hargreaves 63 Hargreaves
Lansdown Financial services 78
11 Philip Burgan 58 Maria Mallaband Care homes 80
12 Charles Wigoder 49 Telecom Plus Telecoms 82
=13 Fred & Peter Done 66/62 Done Bros
(Cash Betting) Gaming 83
=13 Johnny &
Patrick Byrne 64/60 Byrne Group Construction 83
15 Stewart Milne 49 Stewart Milne Construction 93
=16 Andrew Owens* 47 Greenergy Green fuel 94
=16 Jo Bradwell 64 Binding Site Pharmaceuticals 94
18 Graham Cartledge 62 Benoy Architectural
services 95
19 Nick Jenkins 42 Moonpig.com Internet retailing 96
20 Adrian White 67 Biwater Water services 97
21 Michael Spencer 54 Icap Finance 98
22 Nick Robinson 50 Phoenix IT IT services 100
23 Ken Davy 68 Simply Biz Business services 102
=24 Carly Read 61 Icon Live Fashion 103
=24 Richard Tang 43 Zen Internet Internet services 103
26 John Partridge* 70 Sonardyne Electronics 105
=27 Chrissie Rucker 41 The White
Company Fashion 110
=27 Roger Duggan 60 Immuno-
diagnostic Pharmaceuticals 110
29 Robert &
Jonathan Mould 61/56 Romo Furnishings 112
30 Jimmy Heselden 61 Hesco Bastion Blast walls 113
31 Johnnie Boden 48 Boden Fashion 118
=32 Raj Sehgal* 34 Visage Fashion 121
=32 Rick Traynor 50 Begbies Traynor Insolvencies 121
34 Bipin &
Piyoosh Chotai 62/59 Waremoss Pharmacies 124
35 Dai Walters 64 G Walters Mining 126
36 Michael Garlick 46 MBA IT consultancy 128
=37 David Moulsdale 41 Optical Express Opticians 129
=37 Derek Clarke 57 Divex Diving equipment 129
39 Sir Paul Smith 63 Paul Smith Fashion 131
40 Tony Watson 54 Watson
Petroleum Fuel 135
=41 Gordon Sanders 63 Runwood Care homes 137
=41 Alan Wiseman* 59 Robert Wiseman Dairy products 137
=43 Crispin &
Geremy Thomas 49/47 TMTI Business services 139
=43 Peter &
Michael Kane 63/59 Business Post Courier services 139
=45 David Andrews 60 Xchanging Business services 142
=45 Assem Allam 70 Allam Marine Power generation 142
47 Michael Hoodless 51 Michael
Lonsdale Industry 149
48 William Paterson* 64 Patersons
Quarries Industry 150
=49 Jake Shafran 57 Jato Dynamics Business services 152
=49 Philip Watkins 44 Welco Industry 152
51 Martyn Godfrey* 60 Browns
Food Group Food production 156
=52 Martin Bruce* 45 Scotia Construction 158
=52 Harold Martin 75 HW Martin Industry 158
=54 John Kirkland* 71 Bowmer &
Kirkland Construction 159
=54 Duncan Fletcher* 67 Forth Construction 159
56 Ronnie Mincher 65 Glenalmond Industry 164
57 David Wernick* 52 Wernick Industry 165
=58 David Milles 67 Hexadex Industrial
components 166
=58 Will Adderley* 37 Dunelm Retailing 166
60 Norman Grundon* 68 Grundon Waste management 168
61 Gene Willson 59 Titan Airways Aviation 171
=62 Philip Meeson 62 Dart Group Aviation 172
=62 Linda Bennett 47 LK Bennett Fashion 172
=62 Peter Dawson 71 Dawsongroup Asset leasing 172
=65 Jeremy Woolridge 65 Wedge Industry 177
=65 Dennis Pay* 67 Paydens Pharmaceuticals 177
=65 Ian Scarr-Hall 71 GSH Business services 177
=65 Christopher
Johnson 62 Ipeco Industry 177
69 Bob Gault 64 Klondyke Garden centres 178
70 Kevin &
Dermot Clancy 59/58 Clancy Group Construction 183
71 Sean Kelly 64 Richard
Austin Alloys Metals 184
72 Craig Burkinshaw 39 Audley Travel Travel 185
=73 Andrew Gare 60 Permastore Industry 186
=73 John Harry* 63 S Norton Waste &
scrap metal 186
=73 Gary Dutton 60 Synseal Industry 186
76 Shelagh Elkins* 57 Tectrade Computers 190
77 Jatti &
Avneet Sahni 43/38 VIP Computer
Centre IT components 191
=78 Chris Thompson 53 Express Group Industry 194
=78 Jonathan Wild* 57 Bettys &
Taylors Catering 194
80 Richard Wolfe 61 Travel Channel
International TV and internet 195
=81 Tim Mead* 46 Yeo Valley Dairy products 199
=81 Michael Gooley 73 Trailfinders Travel 199
83 Bryan Glastonbury 56 Integral Building services 202
=84 Alan &
Brian Stannah 74/70 Stannah Industry 204
=84 Brian Kingham 65 Reliance Security 204
86 Andrew Page 56 Andrew Page Car parts 208
87 Richard Smith* 61 PCMS Software 211
88 Massimo Gini 63 FX Finance 212
89 Keith Black* 50 Regatta Outdoor clothing 216
90 Woon Wing Yip* 72 W Wing Yip Groceries 219
91 Ron Alcock 68 HI Weldrick Chemists 223
=92 Bob Edwards 56 Scotframe Industry 225
=92 Tony Laithwaite* 64 Direct Wines Retailing 225
94 William Hughes 68 B&M Care Care homes 226
95 John Guest 82 John Guest
International Industry 229
96 Michael McBraida 71 McBraida Industry 232
97 Tony Rowe 61 South West
Communications Telecoms 237
98 Andrew Thorpe* 60 FW Thorpe Industry 243
99 John Cotton 69 John Cotton Textiles 245
100 Tim Poon 68 Hoo Hing Groceries 247
*Includes family stake Figures may be for less than five years **Total
score is the sum of rankings for wealth, five-year percentage rise in
turnover and five-year percentage rise in employment. The lower, the
better.
Figures for turnover and employee numbers are drawn from latest accounts
filed at Companies House or supplied by the company.
METHODOLOGY
The MT Top 100 are ranked on three criteria: 1. Their own or their
immediate family asset wealth, which we identify from their holdings in
private or public companies, share sales, dividends, salaries, plus any
other assets that they have revealed to us (see Wealth column).
2. Percentage growth in turnover over the past five years (or less if
figures do not go back that far). We rank them on percentage growth
rather than actual growth to allow a level playing field for large and
small companies. We do not measure profits growth, as private and public
companies have different approaches to declaring profits: public
companies try to maximise profits to please shareholders, while private
firms often keep their profits low to minimise tax liability. However,
we keep a careful eye on profits, and avoid companies that may be
building turnover at the expense of profits.
3. Percentage growth in jobs created in the past five years. This is
designed to highlight the important role of our Top 100 entrepreneurs as
the leading job creators in the private sector. Finally, we add up the
figures for the entrepreneurs' ranking in, respectively, the wealth,
turnover and employment columns. The lowest score (which could, in
theory, be 3 for gaining first place in all three) is the winner, and so
on down to the 100th person on the list. We have selected the 100 using
a variety of criteria, trying to get a good geographic spread, to find
women entrepreneurs (still sadly few in number), and those who are
making good profits (without which the business would not survive), but
avoiding those showing the warning signs of a deterioration in
performance. Where a family owns a company, we give the name of the lead
members - the wealth-creators who have built up the business.

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