Belfast Telegraph

Monday 30 November 2015

76. Northwest Bookmakers

Published 23/04/2013

Group Chief Executive: Richard Glynn
Employment: 419
Turnover: £294.5m
Pre-tax profit: £1.6m

Northwest Bookmakers is a subsidiary of Ladbrokes Holdings (NI) which is, in turn, a subsidiary of the parent company Ladbroke plc. Following a purchase in 2007, the business has brought together the betting businesses formerly owned by Eastwoods and McCartans.

As a result of the expanded investment, during 2008, Northwest Bookmakers added intangible assets (business licences and goodwill) valued at £124m to its balance sheet. The purchase was financed by registering a credit with the parent company which, at the end on 2010, was owed nearly £128m.

The company, using the Ladbrokes brand, has been expanding its presence in Northern Ireland. The company owns 24% of the shop betting licences issued here. However, the directors do not foresee further consolidation in the current economic environment.

Employment in the company fell fractionally in 2011 to an average of 419 people while turnover increasing by some £30m . Pretax profit, however, fell to £1.6m, a drop of nearly £5m.

35 Donegal Place



From the web

Sponsored Videos

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?

Read More

From Belfast Telegraph