Belfast Telegraph

40. Glen Electric

  • Director: Fergal Naughton
  • Pre-tax profit: £11.6m
  • Employment: 0
  • Pay bill: 0

Glen Electric acts as an investment holding company and supplier of management services. It’s run by Fergal Naughton, the son of Glen Dimplex founder Martin Naughton.

In 1973 Glen Electric was established by Mr Naughton snr and four colleagues in Newry, Northern Ireland. The new business started manufacturing oil-filled radiators, employing seven people. With the acquisition of Dimplex in 1977, a company eight times Glen’s size, and a brand leader in electric heating, the ambition of the young Glen Dimplex management team was confirmed.

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