47= PANNA MASHRU & FAM­ILY

Essex Life - - RICHEST 50 -

Cash & Carry 2018: £60m New en­try

Mil­len­nium Cash & Carry started trad­ing from an orig­i­nal branch in Bark­ing. To­day the Thur­rock-based group has a cash and carry di­vi­sion and a whole­sale branch op­er­at­ing from its 120,000 sq ft ware­house. A fam­ily business, it sup­plies branded gro­ceries and drinks to UK whole­salers and re­tail­ers, and ex­ports to Europe, Africa and the UAE. It is owned by former di­rec­tor Panna Mashru and fam­ily. In 2016-17 Mil­len­nium made £5.8m profit on nearly £121m turnover. With a solid bal­ance sheet and £20.5 net as­sets, it is a £52m op­er­a­tion. Mashru also owns a prop­erty op­er­a­tion with £8m net as­sets in 2016-17.

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