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Article: 'Oscar' for Stoneacre rescuer
- Article from:
- Yorkshire Post
- Article date:
- June 19, 2007
CopyrightCopyright 2007 Yorkshire Post. Provided by ProQuest LLC. (Hide copyright information)
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A YORKSHIRE entrepreneur who transformed a bankrupt car dealership
into a multi-million pound empire has won a major business award.
Richard Teatum, founder of Doncaster-based Stoneacre, sold his
first company for [Pounds]10m in 1994 and retired to Spain.
One month later he returned to Doncaster to buy a bankrupt car
dealership called Stoneacre. Today the company owns 16 outlets which
sell more than 400 new and used cars a week and has a turnover of
[Pounds]143m. He was named Ernst & Young's North region 'Master
Entrepreneur Of The Year' at a ceremony last night in Manchester.
He was the only winner from the region despite 12 Yorkshire
entrants making the shortlist. A major ...