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By LUCY FARNDON, Deputy City EditorLast updated at 23:46 21 September 2006A soft furnisings chain that started out as a modest curtain stall in Leicester market just 27 years ago, is set to float on the stock market for up to £400m. Dunelm, the out-of-town furnishings chain, was set up by husband and wife Bill and Jean Adderley. red 'dakota' lined curtains with eyelet headingIt now has 82 stores in the Midlands and the North West of England, making annual profits of £38m. ikea stockholm blad pair of curtainsThe duo, together with their 34-year-old son Will, own the whole of the company so the float will leave them sitting on a huge fortune.hookless(r) waffle grey fabric shower curtain and liner set

Mrs Adderley, 60, plans to cash in a 30pc stake when the business floats next month, netting her up to £120m to share with her husband Bill, 58. Son Will, who runs the business on a day-to-day basis, will stay on as chief executive and hold onto all of his shares.Will Adderley says: "Mum is 60 so she wants to take a bit (of money) off the table. bryce sheer grommet window curtain panelsBut I can assure you there is no yacht on order. This will not make a big difference to our lives. We have been very lucky with dividends over the years and it is not as though we are totally skint."Adderley junior helped out on the market stall as a child and has always been involved in the family business. He took a full time job with Dunelm aged 21 after completing an economics degree at Nottingham University. He says: "I grew up with the business. I used to earn money doing stuff in the shops instead of cleaning the car.

When we started out on the Leicester markets, ready-made curtains were a relatively new thing."He will be holding onto a 12.5pc stake worth an estimated £50m, while his father will keep a 50pc stake worth around £200m.The first Dunelm shop was opened in Leicester in 1983, about half a mile away from the Adderley's market stall. Over the past couple of decades the retailer has expanded to 65 out-of-town superstores and 17 smaller high street shops. Annual turnover is £315m. Dunelm competes with department stores such as Debenhams and specialists such as Rosebys. Its slogan is 'Simply value for money', but it offers a wide range of goods at all prices, with pillows ranging from £2.99 to £49.99. The family have always been close. Twelve years ago mother Jean donated a kidney to her son. The couple have another son who lives in France, but he is not involved in the business.By joining the stock market, the Adderleys hope to be able to raise funds to open up stores in the south of England.

They see scope for up to another 85 superstores. The profile of the retail brand will also be raised, but this can bring its own problems particularly for a family that likes to keep out of the public eye. Adderley's parents have moved to Lincolnshire, but their son still lives in Leicester with his wife and two children.Will says: "I am not well known in the business community. I just go to work, go home, see my wife and kids and a couple of mates. I am quite boring really."He enjoys reading biographies and spending time with the family, but doesn't have any expensive hobbies such as flying, sailing or shooting. He said: "We're a cautious lot. I go out for the odd Sunday lunch, but I'm not going to be found in a pub pissed up on a Friday night."The perils of family firms braving the public markets became starkly apparent at Bradford-based supermarket chain Morrison. Its thrifty northern boss Sir Ken Morrison has been vilified by the City for his botched acquisition of supermarket chain Safeway, which is only just starting to come right after two and a half years.