Jim McColl: Difference between revisions
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|birth_name = James Allan McColl |
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|birth_place = [[Carmunnock]], [[Glasgow]] |
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| occupation = Finance, Engineering |
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|nationality = [[Scottish people|Scottish]] |
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|known_for = [[Entrepreneur]], [[Engineering]]<br>[[Clyde Blowers]] |
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|occupation = [[Businessman]] |
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|networth = {{increase}} [[Pound sterling|£]]800 million, <br>([[United States Dollar|US$]]1.25 billion) or more |
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|education = [[Rutherglen Academy]]<br>[[Strathclyde University]] |
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'''Jim McColl [[OBE]]''' is a [[Scotland|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.<ref name="CapFerrat">{{citeweb|url=http://www.dailyrecord.co.uk/news/scottish-news/2008/11/06/sir-tom-hunter-sells-french-villa-for-50m-86908-20872838/|title=Sir Tom Hunter sells French villa for £50m|pubisher=Daily Record|date=2007-11-06|accessdate=2009-01-04}}</ref> |
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==Biography== |
==Biography== |
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Revision as of 15:10, 4 January 2009
Jim McColl OBE | |
|---|---|
| Born | James Allan McColl |
| Nationality | Scottish |
| Education | Rutherglen Academy Strathclyde University |
| Occupation | Businessman |
| Known for | Entrepreneur, Engineering Clyde Blowers |
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 OBE in the 2001 New Years Honours List. McColl was made "Alumnus of the Year" award from Strathclyde University in 1998, awarded an honorary degree by Napier University in 2003, and a doctorate by Glasgow University in 2007.[6] McColl was made the Entrepreneurial Exchange ‘Entrepreneur of the Year Award’ for 1999/2000, and the Ernst & Young "Master Entrepreneur of the Year Award" for 2001. In July 2005 HRH The Duke of Edinburgh McColl with The Prince Philip Medal 2005 ‘Certificate of Achievement’ for an outstanding contribution to the engineering industry. In May 2006, McColl was presented with a Scottish International Business Achievement award from HRH The Princess Royal.[2]
Personal life
For tax reasons, McColl and his family are now resident in Monaco.[3] He also has a home outside Glasgow, and indulges his personal passion for cars, owning two Ferraris, a Bentley and a Rolls-Royce.
Resolutely bi-partisan on politics, McColl in a member of the Scottish Council of Economic Advisers, and spends much of his spare time working on a Glasgow based welfare-to-work programme.[7]
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.
- ^ "Entrepreneurs to be awarded Honorary Degrees". University of Glasgow. 2008-03-27. Retrieved 2009-01-04.
- ^ "Clyde Blowers chief pumps up the volume". The Times. 2008-11-09. Retrieved 2009-01-04.
External links
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