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Man Who Left School At 16 With No Qualifications Is Now A Multi-Millionaire

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Man Who Left School At 16 With No Qualifications Is Now A Multi-Millionaire

A man from Yorkshire who left school at 16 years old with no qualifications is now a multi-millionaire thanks to his logistics business.

Steve Parkin was born in Leeds and left school at the earliest opportunity with not a great deal to show for it.

However, he got his HGV licence and started driving for a living, starting out at Huddersfield-based clothing company Bonmarche.

Now, he owns the online logistics company Clipper - you might have seen their warehouses by the side of the motorway - and saw his wealth increase by £45 million last year.

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Parkin started out as a 'man with a van' in 1992, but now he ranks 10th on the list of richest people in Yorkshire, according to Business Insider.

Credit: Clipper
Credit: Clipper

After making the most of what was unquestionably a difficult time for everyone during the ongoing Covid-19 pandemic, Clipper managed to increase in value drastically keeping things moving for everyone stuck at home.

Whilst people have turned to shopping online and having everything delivered to their door out of necessity, business has been booming.

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The company reported this summer that turnover had risen by nearly 40 percent - 39.1 percent, to be exact - up to around £700 million.

They also managed to take on another 2,000 people, meaning that Parkin's workforce is now 10,000 strong.

It was later reported that the boss had cashed in £62 million in shares, selling off 10 percent of the company.

Despite that, the executive chairman said that he isn't winding down his interest in the business and he 'intends to remain a significant shareholder for the long-term', although he has halved his personal stake.

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Credit: Clipper
Credit: Clipper

Back in January, Parkin said: "I remain as confident and focused as ever in the future growth prospects of Clipper,

"Over the last year we have demonstrated our ability to act quickly and effectively to solve complex challenges for our clients, and the growth we have delivered through this period is testament to Clipper's leading position in the eCommerce logistics market."

Outside of business, Parkin is a proud Leeds United fan and claims to have considered taking over the club on more than one occasion in the past.

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He also owns a number of horses and is a keen racing fan.

In 2020, his horse Eagles By Day won the John Smith's Cup at York, which came just a day after his beloved Leeds United were promoted to the Premier League.

All in all, as you can see, it's been a decent few years for Parkin and his company.

Featured Image Credit: Clipper

Topics: Leeds, UK News, Yorkshire, Money

Tom Wood
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