Friday 15 December 2017

Gemma Maughan (76) and husband Michael own 46pc of Gowan Group, which distributes everything from Peugeot cars to LG Home appliances. It was established by her late husband Con Smith in 1969. Daughters Alba, Christiana, Mary Louise and Fiona each own 13pc. Turnover at Gowan, which distributes Peugeot and Honda cars, was up 13pc to 151m in 2015 but pre-tax profits almost halved from an already low 1.4m to just 775,000. Shareholders' funds crept up from 63.2m to 63.4m. Gowan also owns Senator Windows, and distributes upmarket kitchen brands, including De Dietrich, Neff and Bauknecht.

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