38 Ray Stephens & Fam­ily

Essex Life - - Rich List -

Industry, £66m

Ray Stephens is chair­man of Swan In­vest­ments Group, a Stansted-based in­dus­trial hold­ing com­pany founded in 1983. It makes pre­ci­sion en­gi­neer­ing com­po­nents for the avi­a­tion industry and trades un­der the In­flite name. Stephens and his fam­ily own at least 97% of the shares. In 2013-14, Swan made a £3.9m profit on sales of £66.8m. It should be worth its £64.1m net as­sets. With other smaller busi­nesses, the Stephens fam­ily is worth £66m af­ter tax and spend­ing.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.