Those of you who do not regularly read The Cumberland News would have missed a fascinating report about Andrew Tinkler, who now runs Eddie Stobart with William Stobart.
Tinkler, it reports, told a recent Institute of Directors Dinner that three years ago the logistics company was losing £10 million a year and close to collapse after William and Eddie fell out.
Williams and Andrew persuaded the banks that they could rescue the business. Mr Tinkler is reported as saying that the main reason for it staying out of receivership was its cult following.
“The banks held back because they did not want to be the ones who brought Eddie Stobart down,” the paper reports.
The turnaround has enabled Mr Tinkler to launch other ventures, including retailing in the Ukraine where the company has a franchise agreement which includes introducing Mothercare and Next brands to the former Soviet republic. And there is also an investment in Stobart Air