Robert Edmiston Redundancy Pay Finances Cars to Tune of £32million Profits!

Name: Robert Edmiston

Age: 52yrs.

'Foolish' Idea: Importing vehicles

Start-up Capital: £6,000 redundancy pay.

How Idea was Launched:

Robert started-up the Birmingham-based IM Group in 1976.The company is a leading importer of Isuzu and Subaru vehicles.

Robert gained his experience of the car trade, when he was finance director of the Jensen sports car business. When that folded, he received £6,000 redundancy, which he used to set up his IM Group.

Earnings: Sales for the IM Group, £254million. Profits, £32million.

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