Saturday, Jul 18, 2009
Hearty LOLs all round
Mail: Bailiff for Mr Bovey
He famously threatened to sue anybody who suggested he was suffering financial difficulty.
But here are exclusive photos of the moment the tables turned on Grant Bovey as he is served with legal papers that could lead to him being declared bankrupt. Anthea Turner’s husband - whose buy-to-let property empire Imagine Homes collapsed last year with £50million debts - was given the papers outside the £6million house he recently purchased. Bovey, 48, was involved in a tense exchange with the bailiff when he arrived home in his £60,000 black Range Rover.
Posted by little professor @ 11:32 PM (1341 views) Add Comment
12 Comments
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1. novice pete said...
Imagine Homes, that is all many people including myself have been able to do because of A'holes like these.
Good riddance. I hope I never hear of them again, but somehow I doubt it!
2. Jimboyuk said...
Never liked the guy in the first place.
3. mark wadsworth said...
ROLFLMALOFAMALRMFOAL!!!!!!!!!!!!
4. gone-to-colombia said...
heartbreaking
5. mrflibble said...
The trouble with this high stakes property game is idiots like this end up declaring bankruptcy when it all goes wrong, then just walk away from the mess scott free, and thanks to Crash Gordon they are now free from being pestered after 12 months too instead of 5 years.
Personally I'd like to see the fool in the village square, shackled in stocks, where people passing by can pay a pound to throw rotten fruit at him. Each pound he makes can go towards clearing his debts. OK it may take several lifetimes for him to earn the money back, but so what, the p*llock should have thought about that before he started investing money he didn't have.
6. a saver said...
Anthea said ‘I know we aren’t going to be homeless. It isn’t about money, it’s about losing face, pride, everything you have worked for.’
They should be homeless after a stuff-up like this. How many other people will be in difficulties becuae of them. How come they were recently able to buy a 6m home, when he had all these debts?
Mrflibble "4, I am shocked at our lax bankruptcy laws, although I shouldn't be, knowing this country.
7. paul said...
"Mr Bovey left his wife Della, the mother of his three girls, for Ms Turner in 1998 after they had a clandestine affair while she was married to DJ Peter Powell."
Nasty pieces of work, both of them.
8. peter_2008 said...
Mrflibble @ 4 Ditto. One of the reason that company directors got so much firlthy richer than others and banks lended out so recklessly in the last 10 years is that banks have ignored one of most important rules of commercial lending - "Make sure your investment goes towards business expansion and profit making, NOT directors' big salary!!"
Bovey and Rover Phoenix Group etc are probably most widely known and classic examples. They get a big loan from some retarded banks with no string attached and the first thing they do is take lion's share from that loan as they "hard earned" salary.
If you've ever run a proper (not property) business/ investment, you will know how difficult it is to make even a 10% profit out of your investment. If the guy borrowed money took 25%+ from your investment straight out, you have to be retarded not to see that you will never get your money back!
9. icarus said...
The bailiff doesn't seem impressed by the size of those unmaterialised profits.
10. little professor said...
Bovey in 2008 - there will be no crash, supply and demand, innit?
http://news.bbc.co.uk/player/nol/newsid_6670000/newsid_6671500/6671543.stm
11. icarus said...
peter_2008 @7 Commercial banking came under the sway of investment banking because of the large (but inevitably short-term) returns of the latter. It wasn't about equity and growing businesses, profits and wages, thereby enriching everybody. It was about debt and growing the value of assets and income streams already in place, and enriching the few at the expense of the many.
12. inbreda said...
check the comments under the article - not a great deal of sympathy for these arzoles. I feel the anger gathering momentum - and when teh tax increases bite there will (as predicted long ago on this site) be people on the streets throwing bricks.