Ranking makes company the fastest growing private business in Devon with a turnover of £54.3m
North Devon’s RGB Building Supplies has been named in the Hot 100 list for the fastest growing private businesses in the UK.
The long standing builders merchant, which has premises in Barnstaple, Ilfracombe and across Devon, Somerset and Cornwall, has been named in the annual list compiled by Real Business.
Based on turnover and profit growth over four-years, to make the list a company had to achieve sales of more than £10million and post an EBITDA (earnings before interest, tax, depreciation and amortisation) of more than £1m.
With a turnover of £54.3m and EBITDA of £2.1m, RGB is the only Devon based company to make it on the Hot 100.
The company completed a family and management buyout deal at the end of 2015 to secure stability and enable future growth. This year it has gone on to open two new branches in Torquay and Wellington and relocate its Okehampton branch to larger premises.
Kevin Fenlon, CEO at RGB, said: “We strongly believe that our history is one of our biggest strengths.
“We were established in 1850 as a timber importing business and we have since grown to be one of the most successful independent builders merchants in the region, employing more than 300 staff and operating across Devon, Cornwall and Somerset.
“The buyout meant we started a new chapter at the beginning of 2016 and being included in Real Business Hot 100 list has brought to a close a very successful year for us.”