Essex Life - - Richest 50 -

Clas­sic Cars, £100m

Derek Hood came in 16th in the 2014 Le Mans Clas­sic race, driv­ing a Jaguar XK120. The Jaguar was one of five cars in the race from Hood’s JD Clas­sics op­er­a­tion in Mal­don. He trained as a den­tist but af­ter he be­gan restor­ing clas­sic cars as a hobby, he quickly found there was strong de­mand for his ser­vices and that he could turn his pas­time into a busi­ness. He gave up teeth and since 1987 has been run­ning JD Clas­sics. It spe­cialises in restor­ing and pre­par­ing rac­ing cars reach­ing speeds in ex­cess of 200mph. It also pro­vides cus­tomers with JD race team spe­cial­ists to sup­port their cars in Euro­pean and world­wide race events. Hood has also launched Jaguar Her­itage Rac­ing Trust on be­half of Jaguar Cars, which gives full race prepa­ra­tion and sup­port for Jaguar’s Cars’ his­toric fleet of ve­hi­cles. In 2013-14 JD Clas­sics saw its profit soar to £12.2m on £72.4m sales. Hood owns all the £100m op­er­a­tion.

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