Stedman, Ronald (28 of 32). Food: From Source to Salespoint
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1999-09-08, 1999-09-30, 1999-10-28, 1999-11-17, 2000-04-20
Interviewee's home and Butchers' Hall, London
Stedman, Ronald, 1917-2009 (speaker, male)
Courtney, Cathy (speaker, female)
Part 28: Tape 14 Side B: More about eating rabbit and game licences. Typical week’s takings in shops after end of rationing about £1000 per week – details of sales. Largest of shops in Marylebone High Street and most modern in London when first built – takings about £5000 a week. Purchase of first shop in 1960 – why he decided to do this – ultimatum to GR. Bought two shops in Heathfield in East Sussex – confident of success. Doctor’s warning that he was overworking and advised a break – he and his wife to Puerto Polensa in Majorca, loved it and bought flats there in 1965. Ownership of shops. Names of some staff he took on. Describes different types of business in each shop – purchase of another shop in nearby Mayfield. Previous owner of Heathfield shops very old-established family in meat trade – same meat sold in all shops but cuts different – explains this. Large shop called R.Stedman, one called Seddon, another also R. Stedman. Difference between cash and van delivery businesses – also ran Christmas Clubs. Freehold property best investment – margin of profit in meat trade always low. Purchase of freehold shop, accommodation and plot of land in Heathfield for £12500 – details of income. Talks about property market before the war when people mostly rented – after war property-owning became the sought after investment. RS’s money all locked into property – explains the how and why of making your money work – relationship with bank important.