- Glasgow Supper Club
May 3, 2018 - May 4, 2018
6:00 pm - 10:00 pm
** MEMBERS ONLY EVENT **
Our Supper Club events are the ideal opportunity to enjoy an evening of good conversation, delicious food and the opportunity to hear the story from our guest entrepreneur. We’re delighted to be welcoming Les Meikle, to our May Supper Club event in Glasgow.
Les exiting his business after 20 years had always been in his plan. Les trained as a Quantity Surveyor before moving into the Building Preservation industry at the age of 20, subsequently progressing to Managing & Marketing Director of the UK’s 2nd largest National Preservation Company before being made redundant in 1996 following the company’s takeover by an American Co a few years earlier.
Following on from his redundancy, he bought the assets of a property company which had gone into administration. Wise Property Care specialises in the Detection and Eradication of Woodworm, Wet & Dry Rot, Rising Dampness and Basement Waterproofing. Under Les’s lead, the business grew to become the 2nd largest company of its type in Scotland and the largest family owned company of its type in the UK.
When he bought the business, turnover was £648,000 and it was making a loss of £48,000. Within the first year, Les achieved £1M turnover with profit of £201,000.
Les’s growth plan towards exiting the business was built upon organic growth, acquisition and diversification and turnover increased to £6M with profit of £1.3M in the year prior to selling the business to Rentokil in January 2017.
Les firmly believes that an exit plan should be in place from day one:
“If you don’t know what your destination is, how can you reasonably expect to get there? You should prepare the business for sale as early as possible.
You just never know when someone will express an interest, therefore to maximise the offer for the business, it should be able to continue to move forward in the owner’s absence. In addition, doing so should give you a better quality of life.”
Les has guest lectured on entrepreneurship at The Hunter Centre for Entrepreneurship at Strathclyde University. He is a Fellow of the Royal Institute of Chartered Surveyors, a Fellow of the Chartered Institute of Marketing and formerly Chairman of the Property Care Association (PCA) & Board Director of Entrepreneurial Scotland.
Venue Phone: 0141 225 5615
Venue Website: http://29glasgow.co.uk/
29 Royal Exchange Square, Glasgow, G1 3AJ