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A recession may not seem the ideal time to start a business, but some big names – Microsoft, FedEx, General Electric – have made it work. In 2008, Adam Stott quit his sales job at a BMW dealership, sold his house, moved in with his mother and Big Cars was born.
The recession hit the motor industry particularly hard, so Stott started small, with a modest premises in the wilds of Essex. By 2009, he had made enough money to move to bigger premises in Chelmsford, from where he delivered a £1 million turnover.
Six years later and Stott heads a company with two sites (Witham and Chelmsford), 46 employees and a projected turnover of about £25m this year. He is also on the brink of opening a dedicated service and repair centre. Initially this will be used to meet the majority of his vehicle preparation needs in-house, but he plans to open the facility to motorists early next year.
Phyllis Newcombe and Fantasy – Skepsis Blog skepsis.nl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skepsis.nl Daily Mail and Mail on Sunday newspapers.