2016: No.48 - £75m
2015: No.47= - £75m
David Ball’s industrial fan business – Elta Group Ltd – has restructured and put aside investment to support the UK construction sector and grow its own business. The newly-formed Elta Group Building Services division combines previous brands Elta Fans, Air Design, idealair Group and Hydor Building Services under one umbrella.
The reorganisation is aimed at providing a single comprehensive range of commercial and industrial fans, air conditioning and heat recovery units and ventilation products.
David Ball , aged 48, is vice-chairman of Kingswinford-based Elta Group, which is now a £100 million turnover privately-owned family business operating in seven countries around the world.
The company remains healthy and is pursuing new market and product opportunities for the future. In 2013 Elta was named as one of 1,000 entrepreneurial companies to “inspire Britain” by the London Stock Exchange.
The Ball family made their fortune from the sale of Dudley-based fan-maker Air Movement to aerospace giant Smiths Industries.
Air Movement was founded by David Ball’s father Ray in the early 1970s. The sale to Smiths in 1996 netted £47 million. The Ball’s retained part of the business – Elta Fans - and re-launched the company as the Elta Group .
Elta itself was originally formed in 1974, initially making cooling fans for high temperature operations. The company developed rapidly, designing, engineering and manufacturing heating, cooling and extraction fans for a wide range of industries including marine.
Elta now earns much of its revenue overseas and its fans – from 100 millimetres to two metres diameter – can be found in heat exchangers, engine rooms, oil rigs and dry cleaning equipment.
The company is based on the Pensnett Trading Estate in Kingswinford and also has a major facility in Fareham. It has assembly plants in Australia, New Zealand and South Africa.
The company is a patron of the Chartered Institution of Building Service Engineers.
David Ball is a former pupil of Haybridge High School in Hagley.