47= PHILIP SET­TER

Essex Life - - RICHEST 50 -

Pro­mo­tional Gifts 2018: £60m New en­try

Philip Set­ter runs Basil­don-based White­house Leisure, which dis­trib­utes soft toys used as prizes in amuse­ment and leisure venues world­wide and sells soft toys, back­packs and ac­ces­sories in li­cens­ing tie-ups with films and tele­vi­sion shows, such as Min­ions and Star Wars. Its li­cence to dis­trib­ute Dis­ney soft toys in the UK and Ire­land was re­cently ex­tended to in­clude the Mid­dle East and Africa. In 2017 the com­pany made £7.5m profit on £48.2m sales. With nearly £29m net as­sets it is a £60m op­er­a­tion.

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