Mon, 29 Mar 2010 | ADMINISTRATION
Imagine Homes, the buy-to-let business owned by Anthea Turner's husband Grant Bovey, will shortly be placed on the market by Deloitte, the administrators.
Knight Frank is due to release an information memorandum to interested parties.
The portfolio is said to be worth about £100m, though Mr Bovey has faced three high court writs since the estimation, having been badly affected by the recession. Imagine reported a loss of £6.5m in 2009.
HBOS backed Imagine in the beginning, and lent £13m to Bovey to run the company. This type of property business was well supported by banks before the onset of the credit crunch.
When questioned about the financial health of his company six months ago, Bovey commented: "I am sitting in our £5m chateau in Megeve in the Alps. I will sue anyone who says that Imagine Homes is in financial difficulty."
He continued: "We are 20 per cent owned by HBOS and we have huge profits that have yet to materialise."
Bovey and Turner have been married for nine years, and live in a £6m Surrey home purchased from radio presenter Chris Evans.
For sale is a long-established tree surgery and arboricultural services business with an excellent reputation, serving both domestic and commercial sectors across Southern England, including the Home Counties and London.
An opportunity has arisen to acquire a mechanical engineering company specialising in the Water Industry. Benefitting from over 3 decades of trading, this business has built a solid and long standing client base comprised of prominent UK utility comp...
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
|
25
|
|
Apr
|
Scaffolding company Hi-Point Access raises funds following Gap acquisition | BUSINESS SALE
Sheffield scaffolding company Hi-Point Access has secured &p...
|
24
|
|
Apr
|
Malaysia's IJM buys a stake in London construction firm JRL | BUSINESS NEWS
IJM Corporation Berhad has bought a 50% stake in Borehamwood...
|
24
|
|
Apr
|
Training group Babington bought by PE-backed Knovia | BUSINESS SALE
Apprenticeship and training provider Babington has been acqu...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.