Jim McColl: Difference between revisions
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==Biography== |
==Biography== |
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Born in [[Carmunnock]], [[Glasgow]],<ref name="Geo"/> the son of a [[butcher]] was raised in a small village outside [[East Kilbride]],<ref name="SMTex"/> and educated at [[Rutherglen Academy]].<ref name="Geo">{{citeweb|url=http://www.geo.ed.ac.uk/scotgaz/people/famousfirst3523.html|title=Jim McColl|publisher=geo.ed.ac.uk|accessdate=2009-01-04}}</ref> |
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McColl left school at 16 to take up an engineering [[apprenticeship]] with [[Weir Group|Weir Pumps]] of [[Cathcart]], [[Glasgow]]. After gaining [[City & Guilds]] certificates and lower and higher level,<ref name="C&G">{{citeweb|url=http://www.cityandguilds.com/cps/rde/xchg/cgonline/hs.xsl/18569.html|title=Jim McColl|publisher=City & Guilds|accessdate=2009-01-04}}</ref> he gained a BSc Degree in Technology and Business Studies at [[Strathclyde University]]. He returned to Weir Pumps in 1978, studying for the next three years for an [[MBA]].<ref name="Biog">{{citeweb|url=http://www.clydeblowers.co.uk/jim-mccoll-obe|title=Biography - Jim McColl|publisher=CydeBlowers|accessdate=2009-01-04}}</ref> |
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McColl joined Diamond Power Speciality Ltd in 1981, an engineering company supplying equipment to the power industry worldwide; where during his tenure he studied part time for a Masters Degree in International Accounting and Finance. [[Executive search|Head hunted]] by [[Coopers & Lybrand]], in 1985 he became a [[consultant]], working with companies in financial difficulties that needed to be turnaround. In 1986 he left Coopers to become a self-employed "company doctor, during which he made money through two successful turnarounds.<ref name="Biog"/> |
McColl joined Diamond Power Speciality Ltd in 1981, an engineering company supplying equipment to the power industry worldwide; where during his tenure he studied part time for a Masters Degree in International Accounting and Finance. [[Executive search|Head hunted]] by [[Coopers & Lybrand]], in 1985 he became a [[consultant]], working with companies in financial difficulties that needed to be turnaround. In 1986 he left Coopers to become a self-employed "company doctor, during which he made money through two successful turnarounds.<ref name="Biog"/> |
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{{main|Clyde Blowers}} |
{{main|Clyde Blowers}} |
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In 1992 McColl bought 29.9% of the family-owned engineering company [[Clyde Blowers]] plc for £1million,<ref name="C&G"/> which was then losing money on a turnover of £4million, but had a full listing on the [[London Stock Exchange]]. After taking it [[private company|private]] and increasing his holding to 70% in 2001,<ref name="C&G"/> over the following five years Clyde Blowers bought six of their eight major competitors, and now have a 55% gobal market share of their original core business. In May 2007, Clyde Blowers bought Weir Pumps from the [[Weir Group]] plc, the company McColl started his career at. In September 2008, McColl lead a team which bought enabled Clyde Blowers to acquire the entire Fluid & Power Division of [[Fortune 500]] multi-industry company [[Textron]], in a deal worth over $1 billion.<ref name="SMTex">{{citeweb|url=http://thescotsman.scotsman.com/business/Jim-McColl-refuses-to-believe.4488759.jp|title=Jim McColl refuses to believe anything is impossible|publisher=The Scotsman|date=2008-09-13|accessdate=2009-01-04}}</ref> Clyde Blowers presently consists of 83 companies in 27 different countries, employing 5,000 people around the world, with an annual turnover in excess of £1.2 billion.<ref name="Biog"/> |
In 1992 McColl bought 29.9% of the family-owned engineering company [[Clyde Blowers]] plc for £1million,<ref name="C&G"/> which was then losing money on a turnover of £4million, but had a full listing on the [[London Stock Exchange]]. After taking it [[private company|private]] and increasing his holding to 70% in 2001,<ref name="C&G"/> over the following five years Clyde Blowers bought six of their eight major competitors, and now have a 55% gobal market share of their original core business. In May 2007, Clyde Blowers bought Weir Pumps from the [[Weir Group]] plc, the company McColl started his career at. In September 2008, McColl lead a team which bought enabled Clyde Blowers to acquire the entire Fluid & Power Division of [[Fortune 500]] multi-industry company [[Textron]], in a deal worth over $1 billion.<ref name="SMTex">{{citeweb|url=http://thescotsman.scotsman.com/business/Jim-McColl-refuses-to-believe.4488759.jp|title=Jim McColl refuses to believe anything is impossible|publisher=The Scotsman|date=2008-09-13|accessdate=2009-01-04}}</ref> Clyde Blowers presently consists of 83 companies in 27 different countries, employing 5,000 people around the world, with an annual turnover in excess of £1.2 billion.<ref name="Biog"/> |
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===Recognition=== |
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McColl was awarded an [[MBE]] in the 2001 [[New Years Honours List]], an honorary degree by [[Napier University]] in 2003, and a Scottish International Business Achievement award in 2006.<ref name="Geo"/> |
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===Personal life=== |
===Personal life=== |
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Revision as of 14:46, 4 January 2009
Jim McColl OBE | |
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| Occupation(s) | Finance, Engineering |
JamesAllan "Jim" McColl OBE is a Scottish businessman and entrepreneur. Through his development of Clyde Blowers plc, he is now considered Scotland's richest man, with an estimated fortune of £800million.[1]
Biography
Born in Carmunnock, Glasgow,[2] the son of a butcher was raised in a small village outside East Kilbride,[3] and educated at Rutherglen Academy.[2]
McColl left school at 16 to take up an engineering apprenticeship with Weir Pumps of Cathcart, Glasgow. After gaining City & Guilds certificates and lower and higher level,[4] he gained a BSc Degree in Technology and Business Studies at Strathclyde University. He returned to Weir Pumps in 1978, studying for the next three years for an MBA.[5]
McColl joined Diamond Power Speciality Ltd in 1981, an engineering company supplying equipment to the power industry worldwide; where during his tenure he studied part time for a Masters Degree in International Accounting and Finance. Head hunted by Coopers & Lybrand, in 1985 he became a consultant, working with companies in financial difficulties that needed to be turnaround. In 1986 he left Coopers to become a self-employed "company doctor, during which he made money through two successful turnarounds.[5]
Clyde Blowers
In 1992 McColl bought 29.9% of the family-owned engineering company Clyde Blowers plc for £1million,[4] which was then losing money on a turnover of £4million, but had a full listing on the London Stock Exchange. After taking it private and increasing his holding to 70% in 2001,[4] over the following five years Clyde Blowers bought six of their eight major competitors, and now have a 55% gobal market share of their original core business. In May 2007, Clyde Blowers bought Weir Pumps from the Weir Group plc, the company McColl started his career at. In September 2008, McColl lead a team which bought enabled Clyde Blowers to acquire the entire Fluid & Power Division of Fortune 500 multi-industry company Textron, in a deal worth over $1 billion.[3] Clyde Blowers presently consists of 83 companies in 27 different countries, employing 5,000 people around the world, with an annual turnover in excess of £1.2 billion.[5]
Recognition
McColl was awarded an MBE in the 2001 New Years Honours List, an honorary degree by Napier University in 2003, and a Scottish International Business Achievement award in 2006.[2]
Personal life
For tax reasons, McColl and his family are now resident in Monaco.[3]
References
- ^ "Sir Tom Hunter sells French villa for £50m". 2007-11-06. Retrieved 2009-01-04.
{{cite web}}: Unknown parameter|pubisher=ignored (|publisher=suggested) (help) - ^ a b c "Jim McColl". geo.ed.ac.uk. Retrieved 2009-01-04.
- ^ a b c "Jim McColl refuses to believe anything is impossible". The Scotsman. 2008-09-13. Retrieved 2009-01-04.
- ^ a b c "Jim McColl". City & Guilds. Retrieved 2009-01-04.
- ^ a b c "Biography - Jim McColl". CydeBlowers. Retrieved 2009-01-04.
External links
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