This was a new start, invested in by a local office of a venture capital organization who put B. forward as nominee director. The moving force behind it was an engineer with specialist experience in water treatment, and his original idea was to design and, where practicable, to manufacture control systems and equipment for the water and sewage industry. This was in fact very timely: the water supply and sewage treatment sectors had fairly recently been privatized, and some of the companies that had been created — such as Anglian, Severn-Trent, and so on — were highly profitable and at the same time coming under pressure to spend lots of money on new plant. There was clearly, then, a major opportunity on offer to someone with the means to exploit it.
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