Driven to succeed
1/ 4/2008
ON the eve of his
|
13th birthday tragedy struck Edward
Smethurst. While the young boy was spending the
night at his grandparents' house, fire swept
through the home he shared with his father who
died in the blaze.
His parents had divorced when Edward was six
and, after the death of his father, he then went
to live with his grandparents. However, his
grandmother died a couple of years later and his
grandfather had a stroke, leaving Edward to fend
for himself. By the age of 16, he was living
alone in bed and breakfast accommodation.
"I had an extremely hard childhood," he says.
"The fire was devastating and as it was my 13th
birthday, the story was on the front page of the
Manchester Evening News and the Rochdale
Observer.
"When my grandfather became ill, I had to live
in a B&B for a couple of years. It was awful,
but my father had wanted me to succeed and that
spurred me on."
Against the odds and after many hours working in
a butcher's shop to make ends meet, Edward
passed his A levels and got a place at the
University of Leeds to study law.
On his 18th birthday, he inherited a small sum
from his father's estate and bought a terrace
house in Rochdale, from where he commuted to
Leeds while embarking on his first
entrepreneurial venture - `wheeler dealing' in
used cars and caravans, and investing the cash
in more houses.
Building roots
Today, Edward's property portfolio consists of a
number of working farms across Greater
Manchester. He has a property lettings business
in the Lake District and a small building firm
that specialises in farm and barn conversions.
He is also a highly-respected lawyer who works
as legal director at entrepreneur Brian
Kennedy's Latium Group. Mr Kennedy is the main
backer of Kate and Gerry McCann in the fight to
find their daughter Madeleine. As the family's
legal co-ordinator, Edward played a pivotal role
in securing £550,000 in libel damages from
Express Newspapers. He also directs the legal
teams in the UK and and runs a team of private
investigators searching for Madeleine.
Edward says: "My role is to oversee the teams. I
am not a libel lawyer and left that to the team
from Carter-Ruck who secured a huge settlement
as well as an unprecedented front page apology
after the newspapers printed highly defamatory
articles about Gerry and Kate McCann. I am also
on the board of the Madeleine Fund - No Stone
Unturned. It is an extremely high profile case
and every effort is being made to find
Madeleine."
He is also an ambassador for Cancer Research in
the north west and UK representative for the
European Company Lawyers Association, playing an
instrumental role in bringing the organisation's
annual conference to Manchester this month.
All this is on top of his day job. "It has been
very long hours recently, but I like to do as
many good things as I can."
After graduating from Leeds with a 2:1, Edward
completed his law exams at Manchester
Metropolitan University then joined Manchester
law firm Halliwells where he specialised in
commercial litigation.
An eye for business
At the age of 23, he joined the in-house legal
team at British Nuclear Fuels Limited. By then,
Edward's fledgling property development venture
was a successful enterprise, and he was keen to
learn more about business. He says: "I felt that
I was both an entrepreneur as well as lawyer, so
it seemed the logical move."
As a commercial litigator for BNFL, Edward
travelled the world dealing primarily with
shipping litigation. "My work took to me Japan,
America, South Africa and even Panama where I
dealt with attempts to halt nuclear shipments
from various pressure groups."
Edward spent seven years at BNFL, working his
way up to senior legal adviser, but he had
aspirations to join a plc board by the time he
was 30 and fulfilled that when he joined
Clitheroe-based conservatory maker Ultraframe in
2000.
In 2006, the group was bought by Brian Kennedy
in a £58m deal, and Edward was the only one of
the 13 directors to be kept on.
While his sideline in property development has
been "a lot more lucrative" than his law career,
he still has ambitions in the corporate world.
"The events in my childhood gave me a strong
work ethic as well as a huge amount of
motivation to fulfil my father's desire that I
succeed in life."