43= RICHARD HIG­GINS & FAM­ILY

Essex Life - - RICHEST 50 -

Con­struc­tion 2018: £70m 2017: £66m (48=)

The Loughton-based Hig­gins Group was founded in 1960 by the late Derek Hig­gins who died in 2004. The business is per­form­ing well with prof­its ris­ing to £6.5m on a record £290.6m turnover in 2016-17. There are £54m of net as­sets. It has been par­tic­u­larly suc­cess­ful in the Lon­don mar­ket, de­liv­er­ing a key re­gen­er­a­tion project on a Lam­beth es­tate. Hig­gins’ three sons are di­rec­tors, led by the el­dest, Richard, who is chair­man and here rep­re­sent­ing the fam­ily as a whole. We value the business at £60m, ad­ding £10m for div­i­dends and other as­sets to the Hig­gins fam­ily.

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