ABSTRACT

Universal Mechanical and Electrical Components Limited is a large ‘multi-business’ company with many factories in the UK and employing around 20,000 people. Its turnover exceeded £250m. during the year 1977-8, and £23m. were made in pre-tax profits, an increase of £9m. since 1975. The company holds a major position in the production of UMOs for the UK and is one of the main suppliers to British Leyland and other manufacturers of cars and commercial vehicles. UMEC is one of a small number of companies making autoparts which hold an effective monopoly in the British motor industry.