Chain Re­ac­tion Cy­cles

Chief ex­ec­u­tive: Will Ker­nan

Belfast Telegraph - Top 100 Northern Ireland Companies - - ENTRIES 21-100 PROFILED -

Pre-tax profit: £8m Em­ploy­ment: 384* Pay bill: £11m

24 Boucher Road Belfast BT12 6HR Tel: 028 90 682703 www.chain­re­ac­tion­cy­cles.com

Chain Re­ac­tion Cy­cles was taken over in 2016 in a multi-mil­lion pound deal with ri­val Wig­gle. CRC’S growth into one of the world’s big­gest on­line re­tail­ers had been a ma­jor success story. Af­ter the sale, the founders of CRC, the Watson fam­ily, left the board of di­rec­tors. Fol­low­ing the deal nearly 300 jobs were re­lo­cated from lo­ca­tions to Doagh, Car­rick­fer­gus and Bal­ly­clare to Wig­gle’s head­quar­ters in Wolver­hamp­ton. Last year an­other 20 jobs were un­der threat at its IT centre in Belfast. The com­pany said at the time that there had been “pos­i­tive ben­e­fits” to the “busi­ness re­set” since the takeover. It did not pro­vide an up­date on its NI op­er­a­tions for this pub­li­ca­tion.

*Fig­ure pro­vided in lat­est com­pany ac­counts

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