Eddie Stobart boss died with £200k debts ~ Debt Managements and Consolidation

The man who transformed the Eddie Stobart haulage company into a household name was £220,000 in debt when he died.

Papers released show he had filed for bankruptcy at Warwick County Court last July, but had cut his ties with it at the time of his death in March after suffering a heart attack.A spokesman for RSM Tenon, the insolvency firm dealing with his case, told The Daily Mail: “Known creditors have claims amounting to around £220,000. No material assets have yet been recovered. The investigations are ongoing.”He took built it into the best known trucking company in the UK before selling the firm to his brother William and business partner Andrew Tinkler in 2004.In the 1970s Eddie Stobart took the company from a local firm delivering fertiliser into a road transport and warehousing company.He started with eight lorries and 12 employees in 1976, Mr Stobart changed the face of freight and built up one of Britain's biggest brands.Mr Stobart gave his lorries female names - the first named Twiggy after the model - and is credited with changing the public's image of a dirty, macho industry into an efficient, clean and friendly company.Drivers wore collars and ties, which was unusual at the time, and were also instructed to wave back and honk their horn when signalled by a passer-by.By the 1990s the distinctive trucks, with each cabin bearing a woman's name, were a common sight on motorways across the UK and Europe.Edward Stobart, son of Eddie who founded the company, ran the firm for 30 years and died aged 56.
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