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Coutts Names Winners of UK Family Business Awards

Tom Burroughes

9 June 2008

Family-run firms can be important clients for wealth managers and one of the UK’s best-known private banks has honoured three UK family companies in its latest annual awards for the sector.

Coutts gave “Best UK Family Business” awards to Jesse Brough Metals International, CareTech Holdings, and the Hotel and Extreme Academy companies, for the £5-£25 million, £25 million and over, and £1 million to £5 million turnover categories respectively.

Jesse Brough Metals International took its prize against competition from Beales Hotel and Headland Hotel. Jesse Brough Metals was founded in 1979 and is an aluminium refining manufacturer and recycler of aluminium waste.

CareTech Holdings, a UK-listed company, won its category against motor services group JCT600 and brewer Fuller, Smith and Turner. CareTech was founded by two brothers, Haroon and Farouq Sheikh, in 1993. Its business listed on the London Stock Exchange in October 2005. CareTech has 159 residential care homes and four day care centres located predominantly in the South of England and the West Midlands.

The Hotel and Extreme Academy won its award against the home insurance building repair specialist Regent Development and international freight forwarding company Newbreed Freight. The company operates a hospitality business in Watergate Bay, Cornwall and has been in operation since 1967.

Awards are granted for companies that show high standards of family and corporate governance, strong market position, consistent financial growth and charitable involvement in their local communities.

Entrants must be firms where two or more family members have control of more than a quarter of voting shares and consider themselves as a family business.