When entrepreneurs leave a company that they have spent years building, they might expect to spend a few weeks or months tying up loose ends, taking calls from the beach or golf course or maybe having the odd tense lunch with former colleagues. Few expect to have to go back and start all over again.
Nick and Kath Whitworth had to return to right some wrongs at a venture they thought they’d seen the back of. They had bought Celtic Sheepskin, a Newquay clothing manufacturer and retailer, in the 1990s, taking it from nothing to a company with a £7.8 million turnover.
Their reasons for seeking a sale will be familiar to entrepreneurs who build a company but come to believe that they may have