The owner of a company involved in the development of products for the CCTV industry has topped a list of the UK's 100 leading entrepreneurs.
Michael Newton was picked out by business magazine Management Today for the "extraordinary growth" seen at Anglo Design Holdings in the last five years.
The Warrington-based firm, which was formed in 1997 and is the holding company for a range of CCTV-based interests, achieved sales of £93 million this year, up from £930,000 in 1998. Profits were £25.2 million in the year to June 2003.
That performance helped propel Mr Newton, who invented a multi-channel CCTV recorder in 1985, to 189th position in the Sunday Times Rich List with an estimated wealth of £235 million, up from £115 million in 2003.
The 44-year-old topped the Management Today list ahead of Simon Nixon, who co-founded moneysupermarket.com and is one of the few internet successes.
The study, which is in its second year, looks at the ability of entrepreneurs to take risks, identify gaps in the market and display perseverance in achieving their goals. How well each business has developed sales and employment over the past five years is measured instead of simply recording profits growth.
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What a shame he wasn't running MMD!!!!!!!!!!!!!!!!!!!!!!
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