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Ex-miner blasts salary to Â£25m

Discussion in 'The Intelligence Cell' started by msr, Jan 10, 2009.

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msr

A former Yorkshire miner has paid himself Â£25m thanks to the wars in Iraq and Afghanistan, where demand for his company's blast walls has boomed.

Jimmy Heselden, a reclusive entrepreneur who founded Hesco Bastion in 1989 in Leeds after losing his job in the coal mines, pocketed the sum amid soaring profits at the company.

According to accounts filed at Companies House, Hesco profits last year leapt to Â£31m on Â£196.5m turnover compared with a profit of Â£13.4m on Â£81.6m the year before.

http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article5375491.ece

War - in case you were wondering what is it good for.

msr

msr, Jan 10, 2009

#1
Biped Book Reviewer

Well done that man!

He's come up with a good product (last I heard), and it's much in demand. He's making huge profits and saving lives, so he pays himself a big fat 'Thank you'.

I've got no problem with that, apart from the fact that I can't do it myself. He's to force protection what Tetrapak is to juice - very handy, and very rich because of it.

Edited to add:

Heselden also donated Â£11.4m to charity in the year to the end of January. Most of it, Â£10m, went to the Leeds Community Foundation.

Heselden, who was awarded an OBE in 2006 and rarely gives media interviews, has a net worth of Â£205m, according to the Sunday Times Rich List.

Earlier this year Heseldenâs wife Julie paid Â£1.5m at a charity event for Help for Heroes so that she and eight relatives could fly with the RAFâs Red Arrows.
Click to expand...

Damned good egg!

Biped, Jan 10, 2009

#2
dingerr

Fortunately for him, wars aren't affected by recession.

dingerr, Jan 10, 2009

#3
the_boy_syrup Book Reviewer

Well done him

Didn't he pay way over the odds for something during a Help for Heroes auction?
Red Arrows fligHt springs to mind

the_boy_syrup, Jan 10, 2009

#4
BIPOLAR77

good on him,

BIPOLAR77, Jan 10, 2009

#5
dingerr

He can't be a real Yorkshireman - He gave loads of cash away to charity.

dingerr, Jan 10, 2009

#6
mushroom

At the Arms Fair in London last year the Hesco stand was giving free beer to British Soldiers. The stand manager told me it was just another way of saying thanks.

mushroom, Jan 10, 2009

#7
SKUNK

dingerr said:

He can't be a real Yorkshireman - He gave loads of cash away to charity.
Click to expand...

You should see how much he pays his workers...
They get about Â£650 a week in the bank for a bit of manual labour.
Some cracking lads there though, quite a few ex-servicemen.

SKUNK, Jan 10, 2009

#8
mick4075

Good on him.Doesn't the firm hide 'gizzits' in the hesco kits for the sappers who are putting it together?

mick4075, Jan 10, 2009

#9
cheggarsRE

oh yeah...hesco multi tools!!

worth a costa or two

cheggarsRE, Jan 10, 2009

#10
Perturbed

Biped said:

Well done that man!

He's come up with a good product (last I heard), and it's much in demand. He's making huge profits and saving lives, so he pays himself a big fat 'Thank you'.

I've got no problem with that, apart from the fact that I can't do it myself. He's to force protection what Tetrapak is to juice - very handy, and very rich because of it.

Edited to add:

Heselden also donated Â£11.4m to charity in the year to the end of January. Most of it, Â£10m, went to the Leeds Community Foundation.

Heselden, who was awarded an OBE in 2006 and rarely gives media interviews, has a net worth of Â£205m, according to the Sunday Times Rich List.

Earlier this year Heseldenâs wife Julie paid Â£1.5m at a charity event for Help for Heroes so that she and eight relatives could fly with the RAFâs Red Arrows.
Click to expand...

Damned good egg!
Click to expand...

Agreed! Best wishes to the man and his family.

Perturbed, Jan 10, 2009

#11
chocolate_frog

Sounds like a realy nice chap.

Good on him, for getting out of mining, and earning a fortune through a very simple but effective bit of kit. I canÂ´t beleive how many of these things i have walked past and not realised where they were made.

Re A Yorkshireman and his fortune, I bet his back garden looks like a minefield!!!!

chocolate_frog, Jan 10, 2009

#12
mercurydancer Book Reviewer

Cant knock the bloke for making a profit, but every credit for ploughing lots of it back into his community. Top bloke. I wish there were more like him.

mercurydancer, Jan 11, 2009

#13
Werewolf

Perturbed said:

Biped said:

Well done that man!

He's come up with a good product (last I heard), and it's much in demand. He's making huge profits and saving lives, so he pays himself a big fat 'Thank you'.

I've got no problem with that, apart from the fact that I can't do it myself. He's to force protection what Tetrapak is to juice - very handy, and very rich because of it.

Edited to add:

Heselden also donated Â£11.4m to charity in the year to the end of January. Most of it, Â£10m, went to the Leeds Community Foundation.

Heselden, who was awarded an OBE in 2006 and rarely gives media interviews, has a net worth of Â£205m, according to the Sunday Times Rich List.

Earlier this year Heseldenâs wife Julie paid Â£1.5m at a charity event for Help for Heroes so that she and eight relatives could fly with the RAFâs Red Arrows.
Click to expand...

Damned good egg!
Click to expand...

Agreed! Best wishes to the man and his family.
Click to expand...

Seconded. Nice to hear some good news.

Werewolf, Jan 11, 2009

#14
scrofula

Superbe chap! If only there were more like him! Lesser men get peerages.

scrofula, Jan 11, 2009

#15

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