Saturday, Aug 22, 2009

What next then? "The Really Distressed Property Company"?

Times: Grant Bovey’s new property firm folds after four months

From Turnbull2000 on the forum. "After initially threatening to sue anyone who suggested Imagine Homes was in trouble, Bovey and Turner have spoken freely of their anguish at losing much of their wealth. When it was launched, Bovey said: “The only thing I will guarantee you is that this company will never have financial difficulty.” Oh dear.

Posted by paul @ 10:34 PM (1069 views) Add Comment

10 Comments

1. quiet guy said...

Totally absurd. A weird blend of Monty Python and HPC? I always thought you had to have serious business plans to start a plc.

Saturday, August 22, 2009 11:52PM Report Comment
 

2. Mr Plumbase said...

This rings a bell here as well, being involved in the building trade I know a fair few people who were/are heavily into property speculation, the fact that it's all over for now does'nt seem to have sunk in at all, many are still at it convinced the good times are just around the corner again, even when they loose money they still don't get it. Strange.

Saturday, August 22, 2009 11:57PM Report Comment
 

3. japanese uncle said...

Sounds like just another megalomaniac.

Sunday, August 23, 2009 01:38AM Report Comment
 

4. taffee said...

bovey has NEVER made any money from property despite an 11 year boom

laughing stock comes to mind

Sunday, August 23, 2009 06:32AM Report Comment
 

5. novice pete said...

He should start a new business, being a clown at children's parties springs to mind.

Sunday, August 23, 2009 10:09AM Report Comment
 

6. This comment has been removed as it was found to be in breach of our Blog Policies.

 

7. nubbers said...

Could it be that he was relying on the HPC continuing downwards and that the very slight uptick in the housing market has reduced the supply of properties selling at a big 'discount' just at the wrong time? Gave me a good laugh anyway.

Sunday, August 23, 2009 10:54AM Report Comment
 

8. will said...

'he has left no debts with the company' - good now he can repay the other £50 million. Scumbag.

Sunday, August 23, 2009 02:14PM Report Comment
 

9. little professor said...

http://www.propertyweek.com/story.asp?storycode=3139860

Now is the best time to buy, he proclaims: ‘Buyers should not wait a moment longer. The market has reached its bottom and estate agents are beginning to see a rise in footfall.’

Sunday, August 23, 2009 07:05PM Report Comment
 

10. techieman said...

LP well it is the season....oh sorry i thought you said footBall! ;-)

Sunday, August 23, 2009 08:46PM Report Comment
 

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