central south mid market
GROWING
Just Develop It
Formed in 2008, Just Develop It is an award-winning investment and finance business based in Fareham, Hampshire. Over the past decade, it has invested in numerous start-ups; initially with a focus on technology, but in recent years the portfolio has diversified to include investments in private aviation, property, finance, and leisure.
Led by CEO, Chris Phillips, who has featured four times in the Sunday Times 30 under 30, Just Develop It’s reach is global. Investments in the USA are some of the strongest performers in the group, meanwhile, technology investment,
Protected.net, has customers in over 128 countries – despite being launched just two years ago.
PDQ Airspares
PDQ Airspares has established itself as a worldwide leader in flexible consumable solutions for airlines and maintenance repair organisations. PDQ Airspares has nearly three decades of experience in this discerning, dynamic, and ever- changing industry. Founded in 1990 from the humble beginnings of a small rural farmland warehouse in the New Forest, its headquarters remain in Fordingbridge, Hampshire, with offices and warehousing now in Poland, USA, Singapore, Dubai and China. With over 1000 customers worldwide providing access to over 250,000 line items of fully certified inventory, including 24/7 global coverage, reach and accessibility is paramount. PDQ is all about service and flexibility, providing our customers with a no fuss, nothing is too much trouble attitude.
Focusing on the airline aftermarket,
PDQ Airspares success has been driven from the dedication of a 76-strong team of professionals. With expected revenues this year of $38m, 2018 delivered an outstanding 36% growth and in August last year, PDQ became part of US-based Fastener Distribution Holdings (FDH) backed by Audax Private Equity.
and specialising in Boeing and Airbus platforms, PDQ Airspares takes the stress and uncertainty out of consumable management, significantly simplifying procurement procedures and streamlining the supply chain, easing both logistical and accounting burdens across multiple departments and enabling cost savings.
Nic Lewis, CEO of PDQ, said: “Our success and significant growth over the past two years has been a result of our continued flamboyant individuality. We have always punched well above our weight in an industry dominated by heavyweights. We are excited to join the FDH team as we continue to grow our combined businesses and continue to be committed to delivering the same high level of service and consistency that our customers expect.”
Closer to home, the company also has invested in the central south; a new music festival in Portsmouth, Xclusive Jets; a private aviation business, Skylark Golf & Country Club; JDi Property; a property portfolio comprising over 220 properties around Hampshire; and JDi Finance, a development and asset finance business with over £40m of written and self-funded loans.
It’s not just the portfolio that has grown over the past decade, for the year ending January 2019, Just Develop It recorded a net profit of £29m and surpassed £100m in net equity.
Looking forward, the company will be following the same blueprint. It will continue to innovate and develop consumer-centric technology products while simultaneously growing the property portfolio, expanding the private aviation division, increasing the loan book and seeking to diversify the group.
“At the core of Just Develop It’s success, is a team of tremendously talented individuals who consistently go above and beyond the call duty for the benefit of the company. I could not have done it without them, I thank them all and I’m immensely proud of them,” said Phillips.
The winning company along with the Central South Mid Market FD of the Year will be announced at a Gala Dinner on Wednesday May 22.
Contact Cheryl Martin on: 023 8088 1754
cheryl.martin@
bdo.co.uk bdo.co.uk/en-gb/the-central-south-mid-market THE BUSINESS MAGAZINE – MAY/JUNE 2019
businessmag.co.uk 19
RESILIENT
SEIZING THE OPPORTUNITY
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