Foster Yeoman Shares – The Family Business That Proved People Wrong
What’s odd is that if I were to mention the name Foster Yeoman to you, odds are you would be left scratching your head. They were a United Kingdom based company and one of the largest asphalt and quarrying companies in Europe during their time. Even though they still exist in one form or another under the Holcim brand, it pays to look back at Foster Yeoman and Foster Yeoman shares and remember them in their original form.
Former ship owner and steel worker Foster Yeoman launched his very own company in 1923 and never looked back. After returning from World War I he had the mind set that he wanted to provide employment to ex-soldiers much like himself and saw that quarrying was the way to do so. When it came to their operations, after laying sturdy foundations during the 1920s, the company hit its peak during the 1930s. By supplying contractors to local authorities on the South Coast, they established a network that grew from there to encompass much more during World War II. In order to aid the war efforts they
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However, after World War II the playing field would change for both Foster Yeoman and Foster Yeoman shares. Business began to dip, with turnover dipping to just £20,000 in the late 1940s. Sadly things would get worse from there, founder Foster Yeoman passed away and his son took the reins at just 21 years of age. Ron Torr would also join the company from a redevelopment perspective, with the two of them successfully turning the company around and bumping up the value of Foster Yeoman shares. Following years of hard work, expansion would follow once that ship had been righted. During the 1960s, 1970s, and 1980s, the company acquired more premises and operating sites in both the UK and abroad. Even during times of financial crisis, Foster Yeoman and Foster Yeoman shares proved that they were made of stern