David Sprigg: impressive debut on the business stage

David Sprigg gave up a steady bank job to set up a string of stage schools for children. Twenty years later his company, Stagecoach Theatre Arts, notched up sales of £6.4m in the first half of this year.

Throwing away a steady job for a career in theatre is rarely the route to riches. So perhaps it's not surprising that when David Sprigg left Barclays in 1987 to run a performing arts school for children, his mother asked if he'd taken leave of his senses. Not only was he throwing financial stability to the winds, but he'd only just got married. "But then," says Sprigg, now 51, "you tend only to get one chance like this in your life."

Sprigg had recently bumped into Stephanie Manuel, a drama teacher, at a party at Hampton Court. "I told her my passion had been to set up my own small business and she said: 'That's funny. I've always wanted to set up my own theatre school'." Fed up with dragging her son to ballet class one evening, then a drama and singing class the next, she wanted to start a school where children could learn singing, dance and drama all in one place, rather than forcing parents to pay extra for three separate classes.

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Jody Clarke

Jody studied at the University of Limerick and was a senior writer for MoneyWeek. Jody is experienced in interviewing, for example digging into the lives of an ex-M15 agent and quirky business owners who have made millions. Jody’s other areas of expertise include advice on funds, stocks and house prices.