Privately held company | |
Industry | Property |
Founded | 1993 |
Founder | William Andrew Tinkler |
Headquarters | England, United Kingdom |
Key people
|
Andrew Tinkler, Founder William Stobart, Director |
Products | Property Development, Property Investment |
Subsidiaries | W. A. Developments (International) Ltd. WADI Properties Ltd. Stobart Air Holdings Ltd. |
W A Developments Holdings Ltd (also WA Developments and WADI) is the private investment holding company owned by Andrew Tinkler, the chief executive officer of Stobart Group.
WA Developments was founded on 25 May 1993 by William Andrew Tinkler as WA Tinkler Building Contractors in Appleby-in-Westmorland, with an initial capital investment of £500. The company was involved in civil engineering and railway infrastructure project contracts. The company gained a contract with Railtrack (now Network Rail). The business was incorporated as W. A. Developments Ltd.
In 2001, William Andrew Tinkler's school friend and brother-in-law, William Stobart, joined the business as a shareholding director, becoming a business partner with a 27% stake in WA Developments. Due to both of their first names being "William", William Andrew Tinkler became known as Andrew Tinkler to distinguish himself from William Stobart.
Andrew Tinkler and William Stobart are brothers-in-law as they married the Cleasby sisters they met in a pub whilst in their 20s. This means that Andrew Tinkler's children, Laura Tinkler and Adam Tinkler, and William Stobart's children, April Stobart and Edd Stobart, are cousins.
In November 2003, it was announced that a WA Developments subsidiary, W. A. Developments (International) Ltd., would acquire the UK's best known road haulage company, Eddie Stobart Ltd., a company 45% owned by William Stobart, and 55% owned by William Stobart's older brother Edward Stobart. In effect, therefore, William Stobart's stake in Eddie Stobart Ltd. reduced from 45% to 27%. On completion of the acquisition in February 2004, Andrew Tinkler became chairman and William Stobart became managing director of Eddie Stobart Ltd.