Viridian in UK top 40
Published Date:
28 June 2008
By Staff reporter
VIRIDIAN, the parent of Northern Ireland Electricity, has been named as one of the top 40 largest companies in the UK according to a league of the UK's biggest private firms.
Energy utility Viridian, the Province’s largest private company, is ranked number 39 in Britain, according to the latest Sunday Times Deloitte Top Track 100 league table, which will be published tomorrow.
Now in its seventh year, the table ranks the UK’s hundred biggest private companies by latest sales.
Viridian, which employs 1,554 staff, reported sales of £1,022m in 2007, with profits of £228m.
Headquartered in Belfast, Viridian owns Energia, Huntstown Power, Northern Ireland Electricity and Powerteam Electrical Services.
It has played a leading role in promoting an all-island electricity market in Ireland.
Its subsidiary Energia has a 25 per cent market share in Ireland’s business electricity market, obtaining wholesale electricity from a number of sources, including Viridian’s Huntstown power station north of Dublin.
Viridian was taken private in December 2006 for £1.6bn, backed by Arcapita, the Bahrain-based private equity firm, and is led by chief executive Patrick Bourke.
The full article contains 193 words and appears in News Letter newspaper.
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Last Updated:
27 June 2008 5:16 PM
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Source:
News Letter
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Location:
Belfast