Interest rates were high and times bad but two young men felt their idea's time had come. By Jim Levi.
If not this autumn, then almost certainly next spring the David Brown Corporation will go public. The event will mark the end of the vital first chapter in the remarkable revival of what has always been one of the most respected names in British engineering.
The turnaround has been achieved in two years and in the teeth of recession. It is partly a tribute to the skills of the new young management team brought in to make the changes. Sadly, it is also an implied condemnation of the sloppiness of the previous management who appeared to make many elementary errors in the way they ran the business.