For that reason, I'm out

[Churchill]

You ought to see the profit there is on driving rubbish about ...

And 'wide' loads ...

In your case, eh?

[threaded]

Blimey - £22 million profit just from driving stuff around...

...kudos!!

You ought to see the profit there is on driving rubbish about ...

And 'dangerous' loads ...

[TykeMerc]

Even though I loathe Dragons Den as it's yet another Reality or Talent show that tries to entertain by humiliation, the Dragons do know that they're risking the money they invest.

In this case they won't be especially upset as they took their own calculated risk.

[expat]

Blimey - £22 million profit just from driving stuff around...

...kudos!!

Though apparently there was one bad year when sales of Eddie Stobart Fan Club items like model lorries added up to more profit than the actual haulage business!

[ratewhore]

Blimey - £22 million profit just from driving stuff around...

...kudos!!

[Doggy Styles]

I'm also glad the smug Dragons got a kicking.

If we dislike them so much, why do we moan about wealth-creators like them leaving the country for good?

[expat]

...
Jeremy Woodside, director at Tenon Recovery, said: "The UK's current economic situation has adversely impacted on the haulage sector ..."

Well-run haulage contractors are still in business:

LONDON, Jan 16 (Reuters) - Freight operator Stobart Group (LSE: STOB.L - news) , owner of the Eddie Stobart road haulage operation, forecast annual results in line with expectations and said its business was holding up well despite global economic woes.
Stobart ... also said it's planning to create up to 1,200 jobs at a development in north west England.
...
Analysts were expecting the group to announce pretax profits of about 22 million pounds ($32.82 million) in 2008/09, against 3.5 million pounds last time, although the 2007/08 results were on continuing operations and only included a five-month contribution from Eddie Stobart.

[DimPrawn]

http://www.telegraph.co.uk/finance/n...istration.html

BBC Dragons Theo Paphitis and Deborah Meaden face losses after green haulier JPM Eco Logistics called in the administrators.

The pair invested £100,000 for a 40pc stake in the Oldham firm, which ran its fleet of nine Volvo trucks on bio-diesel, after directors Jerry Mantalvanos and Paul Merker appeared on the Dragons' Den show in 2007.

It is understood that they invested a further £27,500 in September "at short notice" after receiving calls from the directors the company, billed on the series as "the UK's first 100pc eco friendly haulage company".

Tenon Recovery, the administrator, said in a statement that it was looking to sell the business and was in discussions with "a number of interested parties".

Jeremy Woodside, director at Tenon Recovery, said: "The UK's current economic situation has adversely impacted on the haulage sector and with a recent move to new premises also creating challenges, the directors of JPM Eco Logistics Limited have found themselves unable to sustain the company's progress.

"We are in talks with a number of interested parties, with a view to selling the business, and are hopeful of a positive outcome."

It is understood that the company had failed to pay its biofuel supplier, MPB Bioproducts, which had first issued a winding-up petition shortly before Christmas.



Good news. Bio fuels are wrecking the planet (deforestation, overuse of man made fertilisers poisoning the water supplies) and starving people of food.

I'm also glad the smug Dragons got a kicking.