Inside the stunning turnaround of SKS Technologies with CEO Matthew Jinks

And the KLM's got an interesting history.

It was sold.

I think to Prakong, which was an old listed company.

Yeah, that's right.

And the family had a bit of a Kerry Packer moment, sold it and bought it back.

Yes.

Yeah.

So look, back at that time, which was, I think, 96, somewhere in and around there.

So I was only 16 at the time.

So not, you know, I wasn't involved in the business at that time.

But And looking back, probably really small revenues, but at the time for Dad and Greg and Mum, it was a $22 million business.

For them, that was a really sizable business at the time, and they probably felt that maybe they had taken as far as they could take it in terms of you know, their own sort of business acumen and those sorts of things.

And they got approached and thought that it was a good idea and sold it to Procom at the time.

Yeah, Procom.

We'll come back to Procom in a second.

But then it came back out.

Procom had problems, I gather.

Yeah, so I think.

And the opportunity

was to buy, did you buy back the whole business or was it just part of it or?

Yeah, so if you fast forward to 2003, the business was now doing $36 million.

So it had sort of grown a little bit just under the PRACOM regime.

And were you still, were the family still running it? The family was still running it on behalf of Prakom.

And I think it just became very onerous to operate and to do business with that sort of corporate overlay that Prakom were doing at the time.

And I think the family realised that maybe the business didn't get too big for them and there was still a lot more opportunity to grow the business under the family control.