Monday, October 14, 2013

News: Increases in sales and profits puts C.F. Booth amongst UK's best

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Rotherham-based, C.F. Booth, one of the largest independently run recycling companies in Europe, has again been named amongst Britain's leading mid-market private companies.

With sales of £273.3m, the firm is ranked as 91st in the latest Sunday Times Grant Thornton Top Track 250. Up from 161st place in the previous year when sales were £236.9m.

The league table is the sister publication of Top Track 100, which identifies Britain's 100 private companies with the biggest sales. Top Track 250 ranks the 250 next biggest private companies, which qualify for the league table provided either sales or operating profits have increased by at least 10% in their latest available accounts.

Profits at C.F Booth for the year ending March 2012 were £3.8m, up from £3.2m in 2011.

The company specialises in metal recycling and metal ingot manufacturing of both ferrous and non ferrous metals for UK import and export.

Established in 1920 it has grown from a local metal trader and sustained investment in staff, technology and equipment enables C.F. Booth to be at the forefront of the industry, able to meet the ever growing global demand for recycled metals.

An extensive range of services includes specialist forms of scrap metal recycling and the trading and processing of all grades of ferrous and non-ferrous scrap.

Last year, C.F. Booth won the Queen's Award for International Trade for an outstanding performance over the last three years. Export sales are over 50% of turnover which is well in excess of industry sector averages. The firm secured £148m in international sales for the period ended March 2012.

With 346 employees, its Clarence Metal Works on Armer Street is thought to be the largest scrapyard in Europe and the firm is managed by Booth brothers Ken and James.

Former director and the man that helped to make the company what it is today, Ken Booth Sr. died recently, aged 91.

David Maxwell, partner at Grant Thornton, the title sponsor of the league table, praised the region's mid-market stars. He said: "It is great to see private mid-sized businesses – including many which Grant Thornton has helped support – making such a positive contribution to the UK economy.

"Impressive leadership is ensuring they prosper despite tough trading conditions, with many companies expanding through their international operations and all making sure they retain and engage talented people in the UK."

C.F. Booth website

Images: C.F. Booth

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