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| Langley seems intent on proving wrong those who predict the demise of British industry. In 1976, as a 22-year-old, he resurrected what is now Langley Holdings from the ashes of his grandfather’s engineering business, which had gone into receivership. Originally it provided services to the coal industry. Langley is now a multidiscipline engineering company of 25 trading subsidiaries, serving clients globally in numerous markets, including a significant presence in China. Langley, 51, has expanded rapidly by acquisition in similar “old economy” markets such as steel, rail and electricity. His company took over Clarke Chapman, Rolls-Royce’s materials handling division, in 2000 and two years later bought a cement business from Babcock. In 2005, his Nottinghamshire industrial group, Langley Holdings, made a healthy £14m profit on £224.5m sales. With a strong balance sheet and nearly £66m net assets, the company should easily be worth £90m. Langley owns it all. We add £2m for past salaries and other assets. | ||||||||||||||||
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