Brian Kennedy (businessman)

Brian Kennedy is a British businessman that has founded and sold several companies in the home improvement and energy sectors, in both the US and UK. He was also previously the majority owner of the Sale Sharks Rugby Union Club.[1]

Brian Kennedy
NationalityBritish
Occupation(s)Owner and chairman of latium enterprises
Websitewww.latiumenterprises.com

According to The Sunday Times Rich List in 2019, Kennedy is worth £275 million.[2]

Early life

Kennedy grew up in Edinburgh, Scotland and attended Tynecastle High School. He studied civil engineering at Heriot-Watt University before dropping out to work in various sales and accountancy positions, including one at Brown Brothers. He then moved to London in 1981 for a management position after winning a position there through a sales competition.[3][4][5]

Business

In 1988 Kennedy was a shareholder in Farouche Cuisines, which was sold to British Electric Traction. Kennedy received one million pounds during the deal.[6] He formed Latium Enterprises, a conglomerate spanning manufacturing, retail and communication. In 1995 Kennedy founded the company Genesis Communications. The company was mobile phone contract services provider for SMEs. The company was sold in 2004 to Dixons for £31million. During its final year before the sale, the company had £51million in sales and a profit of £2million.[7]

In 1999 Kennedy purchased Carradon windows from Caradon Group PLC, which consisted of double glazing manufacturer Everest,[8] Duraflex plastic extrusions, Celuform extrusions, Wendland roofs and CET glass manufacturing.[9] He then sold the companies off over several years.[10] In 2012 his company Latium Holdings also merged with Epwin Holdings,[11] creating a £275m turnover enterprise with a staff of 2500, which was jointly owned by Kennedy and Jim Rawson.[12] Epwin priced an IPO on 15 July 2014 with a market capitalisation of GBP135 million.[13] In 2006 Kennedy led a takeover of Ultraframe.[14]

Epwin priced an IPO on 15 July 2014 with a market capitalisation of GBP135 million.[13] In 2006 Kennedy led a takeover of Ultraframe.[14] Brian was the majority shareholder of Entu (UK) Limited until its flotation on the London Stock Exchange (AIM) in October 2014. Brian retained a 30% stake in the company following the flotation, which was renamed Entu (UK) PLC. The company heads a group of home improvement companies including Zenith Staybrite, Job Worth Doing, Weatherseal, Penicuik and Europlas. At the time of the flotation Entu (UK) had a market capitalisation of £66 million.[15][16][17] In property sales, Kennedy is the founder of Patrick Properties, a real-estate company based in Cheshire, which owns commercial, residential, and industrial properties.[18][19][20]

Kennedy has invested in wind energy companies. This includes the firm Kennedy Renewables, and the Little Raith wind farm.[3][21] He is chairman and owner of Latium Enterprises.[22] including Latium Tech investments which in 2016 became the majority shareholder in Connex One the global software business, which very recently raised £93M in Series C fundraising from GP Bullhound.[23] Other ventures of his include the Building Plastics Holdings group,[24] Quantal, and Four Seasons Sunrooms, which is one of the largest sunroom companies in the country, and Vitapod, a US-based healthy drinks company.[25]

Entertainment

Kennedy was previously the majority owner and chairman of the Sale Sharks Rugby Union Club. The club was originally owned under his company Genesis, however Kennedy transferred club ownership to himself in the early 2000s to facilitate the sale of Genesis.[7][26] During his tenure as owner, they were the Premiership champions in 2006.[27][28]

In the past he owned Stockport County and purchased their Edgeley Park ground. He has also made unsuccessful bids to purchase both the Edinburgh Hibernian F.C. and Rangers F.C.[29][30] In 2014 Kennedy co-financed and co-produced the Tommy Lee Jones film The Homesman.[31] In 2015 Kennedy co-financed and co-produced the film The Great Gilly Hopkins (film).[32]

Philanthropy

Kennedy is the founder of the eponymous Brian Kennedy Trust, which makes charitable donations and takes up philanthropic causes in the UK.[33][34][35] The Trust was set up in 2008, and with groups including the Cheshire police and Space4autism.Kennedy is an investor in Ryboquin, which is involved in the progress development of gene therapy treatments for cancer and other diseases.[36]

He has also worked with the family of Madeleine McCann to try to find her after her disappearance in 2007.[37][38][39][40]

References

  1. "Sale Sharks confirm takeover by investment group led by Simon Orange". Manchester Evening News. 9 June 2016.
  2. Times, The Sunday (12 May 2019). "Rich List 2019: profiles 451-490=, featuring Sir Mick Jagger, George Clooney and Zac Goldsmith". The Times. ISSN 0140-0460. Retrieved 14 January 2020.
  3. "Brian Kennedy won't be blue over Rangers snub". The Scotsman. 30 March 2012. Retrieved 30 June 2014.
  4. Hearts could get help from Blue Knight Brian Kennedy
  5. Rich backer
  6. #52 Brian Kennedy Archived 26 July 2014 at the Wayback Machine
  7. "Dixons buys Genesis for £31m". Manchester Evening News. 27 July 2004. Archived from the original on 26 July 2014. Retrieved 30 June 2014.
  8. News, Manchester Evening (13 April 2012). "Everest sold to Better Capital in £25m deal". Manchester Evening News. Retrieved 27 October 2022. {{cite web}}: |last= has generic name (help)
  9. "CARADON SELLING MORE WINDOW, DOOR UNITS". Plastics News. 6 January 2013. Retrieved 27 October 2022.
  10. "Everest sold to Better Capital in £25m deal". Manchester Evening News. 13 April 2012. Retrieved 30 June 2014.
  11. "Latium Holdings and Epwin Group merger is referred to OFT". Manchester Evening News. 18 June 2012. Archived from the original on 26 July 2014. Retrieved 30 June 2014.
  12. News, Manchester Evening (26 January 2012). "Latium Holdings merges with The Epwin Group". Manchester Evening News. Retrieved 27 October 2022. {{cite web}}: |last= has generic name (help)
  13. Epwin Prices IPO As SPP Group And Ergomed Admitted To Trading
  14. Stephen Seawright (3 June 2006). "Kennedy snaps up troubled Ultraframe". The Telegraph. Retrieved 30 June 2014.
  15. Home Improvements Company Entu To List On AIM After Placing
  16. Entu (UK) PLC £66 million float today, thanks to Zeus Capital raising £33 million Archived 11 November 2014 at the Wayback Machine
  17. Entu shares rise 4.5p in early trading after AIM debut
  18. Patrick storms in
  19. Sharks owner splashes £2.4m on city centre property
  20. Kennedy's Patrick Properties attracts Seafield
  21. Sporting Chance: Youth to Cash in on Energetic Profits
  22. "Latium Enterprises team overview". Archived from the original on 23 July 2014. Retrieved 17 July 2014.
  23. "Connex One: Manchester customer engagement platform raises £93m". UKTN | UK Tech News. 10 October 2022. Retrieved 21 October 2022.
  24. Spectus returns to profit
  25. UK firm develops US Sunroom App
  26. Saint-Andre extends Sale contract
  27. Madeleine McCann: Brian Kennedy Is Talking Balls With Mark Souster
  28. Diamond the man to renew my enthusiasm – Kennedy
  29. Rangers takeover: Brian Kennedy out of the running to rescue Rangers
  30. Kennedy wants a blessing from fans for Hibs takeover. Easter Road supporters would be given final say over proposed investment plans
  31. Ramin Setoodeh (13 May 2014). "CANNES: How Tommy Lee Jones Financed 'The Homesman'". Variety Magazine.
  32. Andreas Wiseman (14 May 2016). "Lionsgate adopts 'The Great Gilly Hopkins' for US". Screen Daily.
  33. Millionaire's £60,000 for north Wales homeless charity
  34. Millionaire’s boost for Save the Family in Flintshire
  35. The language of learning
  36. "Tycoons fund biotech firm with ambitions to 'revolutionise' cancer treatment". HeraldScotland. Retrieved 21 October 2022.
  37. £500 boost for the "Specials"
  38. Autism charity is holding birthday open day
  39. Madeleine McCann's disappearance – timeline
  40. Madeleine McCann: 'I listened for 15 seconds and knew they were innocent’
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