Thank you for downloading this program. In this edition of the bottom line,

Evan Davis's guests discuss saving their corporate babies, what it's like being back in charge of the companies they founded.

Hello and welcome to the program. Now the usual entrepreneurial pattern is that you start a business, watch it grow and mature,

then you perhaps let go and move on to something different.

It's not so different to bringing up a child in some respect, but today we look at the unusual

entrepreneurial cases where, having sold the business on, you watch the new owners screw it up

and you find yourself having to rescue it. If you like the parental metaphor, it's as though

having seen your beloved child,

leave home, they suddenly arrive back on your doorstep in a personal crisis. The parenting has to

restart. Well, I have four guests today who've found themselves in something like this predicament,

the business version of it, you could call it doing a Steve Jobs. They've all put themselves

back in charge

of the companies they founded. And let's take a few minutes to meet each of them. First off,

Steve Morgan, chairman and founder of Red Row PLC, Home Building Company, also owner of Wolverhampton

Wanderers, the football club. And Steve, you set up Redrow, well, right back in 1974, you're only 21 years old.

What was the company doing then?

Well, we started having digging sewers. I was working for a civil engineering company,

and they got into difficulty, as a lot of companies did in those days, with hyperinflation.

And they were awarded a new contract. They were about to make most people redundant,

and I said, well, why don't I leave you and do the new contract?

And that was effectively the start of Red Row.

Very glamorous start to life and then progressed over years into civil engineering

...