CITY businessman Neville Wright – the man behind Kiddicare – explained how he turned 37p into a £100 million fortune at a bootcamp for the city’s small business community.
After refusing unemployment benefit, he spent 37p on a piece of cloth which enabled him to start window cleaning to earn a living. That was the start of his business story. With his wife Marilyn, they set up a discount babycare business which grew into a multi-million pound operation and was eventually sold to Morrisons for a reported £70m.
Throughout their business life, the couple invested in residential and commercial property, until it became a £20m portfolio.
“After starting Kiddicare, our aim was to serve as many people as possible and create happy, satisfied customers every day. We kept our eyes and ears open for windows of opportunity – which are around all of us, all of the time – you just have to look,” said Neville.
“Nowadays, we have many businesses of our own including a business with 120 commercial tenants. We also have some businesses with partners ranging from building to technology, hotels and restaurants and lots more,” he added.
He was the keynote speaker at the annual Rawlinsons Business Bootcamp at The Peterborough School, addressing an audience of around 100 local business people. Other speakers included Skills Service Lead Sue Addison, commercial property specialist Jonathan Hand; pensions expert Richard Borrington and Rawlinsons partners Ken Craig and Mark Jackson.
The objective of the event was to provide local small and medium sized companies with advice and inspiration to improve their performance through growth and efficiency.
“Feedback has again been hugely positive and Neville’s route to business success was inspirational to everyone attending,” said Rawlinsons’ partner Mark Jackson.