Guest sillybear2 Posted November 30, 2008 Share Posted November 30, 2008 Imagine profits Imagine bankruptcy Imagine that. Quote Link to comment Share on other sites More sharing options...
Crashman Begins Posted November 30, 2008 Share Posted November 30, 2008 Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted November 30, 2008 Share Posted November 30, 2008 (edited) I'm glad we now have a Bovey thread, this site really needed it. Edited November 30, 2008 by sillybear2 Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted November 30, 2008 Share Posted November 30, 2008 I'm glad we now have a Bovey thread, this site really needed it. so do we have to keep this one on the first page as well? Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted November 30, 2008 Share Posted November 30, 2008 so do we have to keep this one on the first page as well? No. Quote Link to comment Share on other sites More sharing options...
silver surfer Posted November 30, 2008 Share Posted November 30, 2008 I'm glad we now have a Bovey thread, this site really needed it. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted November 30, 2008 Share Posted November 30, 2008 Does anyone know whether they opened that office in Dubai? http://www.imaginefurnishings.biz/about.html Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted November 30, 2008 Share Posted November 30, 2008 Does anyone know whether they opened that office in Dubai? No, just a bank account Allegedly. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted November 30, 2008 Share Posted November 30, 2008 "unrealised profits" to blame? Quote Link to comment Share on other sites More sharing options...
eric pebble Posted December 2, 2008 Share Posted December 2, 2008 so do we have to keep this one on the first page as well? Quote Link to comment Share on other sites More sharing options...
rogerthelodger Posted December 3, 2008 Share Posted December 3, 2008 http://business.timesonline.co.uk/tol/busi...icle5258280.ece shame.. Quote Link to comment Share on other sites More sharing options...
Legal_Landlord Posted December 3, 2008 Share Posted December 3, 2008 And it just keeps on going from bad to worse for poor old Grant Bovey http://business.timesonline.co.uk/tol/busi...icle5282598.ece 2 more of his companies go into administration . The plummeting property market claimed a host of celebrity victims yesterday when companies whose investors include Sir Alex Ferguson, Sir David Frost and Grant Bovey collapsed into administration.The Times has learnt that aAim, a £3 billion property investment company backed by HBOS and chaired by Sir David, has gone into administration. It is feared that shareholders will lose all their investments. aAim spent billions of pounds on properties in Britain and mainland Europe, before the market fell last summer. Property prices in Britain have dropped by as much as 35 per cent since then. aAim had a number of well-known sponsors. Sir Alex, the Manchester United manager, was still listed as a founder shareholder and investor last night. “I have been impressed by the energetic team, their clarity of vision and by the consistent high returns they have delivered,” Sir Alex is quoted as saying. Sir David, the veteran TV presenter, tells potential investors: “I have first hand experience of aAim’s approach and style of investment. The team here has impressed me greatly.” Grant Thornton, which was appointed by a court as the administrator of aAim yesterday, and HBOS were unavailable for comment last night, but a source close confirmed that Sir Alex and Sir David still held investments in the company as recently as two weeks ago. Simon Cowell, the pop impressario who is a judge on the reality TV show The X Factor, has also been linked with the company. The failure of aAim is a significant setback for HBOS, which had invested £200 million in the company and held a 20 per cent stake. The bank had also lent heavily to fund aAim’s acquisition programme, although it is expected to recover most of the debt. HBOS is merging with Lloyds TSB to create a bank in which taxpayers will hold a 40 per cent stake. Insiders liken the collapse of aAim to the bankruptcy of Dawnay Day, a complex £2 billion property and financial conglomerate that collapsed earlier this year. Both companies’ financial health depended heavily on high borrowings and rising property prices. When the credit crunch hit and the property market collapsed, their business models were no longer sustainable. Imagine Prestige and Imagine Veritas, two other companies backed by HBOS and run by Mr Bovey, 47, also went into administration yesterday. The two companies are believed to be the last vestiges of the buy-to-let propery empire founded by Mr Bovey, who is married to the TV presenter Anthea Turner. Imagine Prestige, set up in last year, sold furnished properties with guaranteed rental income, taking a management fee of 10 per cent of the rent for two years. Formerly one of the biggest operators in the buy-to-let market, it has been hit by the downturn in the residential property market. Last year it had a turnover of £53 million for the 2006-07 financial year, down £3 million on the previous year. It has reported losses of £6.4 million and £2.8 million in past two financial years. Its latest accounts were apparently overdue. Shame Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted December 3, 2008 Share Posted December 3, 2008 And it just keeps on going from bad to worse for poor old Grant Boveyhttp://business.timesonline.co.uk/tol/busi...icle5282598.ece Imagine Prestige and Imagine Veritas How many more Imagine companies does he have? Quote Link to comment Share on other sites More sharing options...
'Bart' Posted December 3, 2008 Share Posted December 3, 2008 How many more Imagine companies does he have? Who would have thought that the boy had such a vivid imagination? Quote Link to comment Share on other sites More sharing options...
damianmcmillan Posted December 3, 2008 Share Posted December 3, 2008 I used to work for Dawnay Day - dodgy, dodgy bunch of characters. Quote Link to comment Share on other sites More sharing options...
keef Posted December 4, 2008 Share Posted December 4, 2008 How many more Imagine companies does he have? Many, I imagine. I'm just off to bed but this thread will send me into a quiet, comfortable ... beautiful sleep. Sue me! Quote Link to comment Share on other sites More sharing options...
BXLONDONMAN Posted December 4, 2008 Share Posted December 4, 2008 Is there no way he can be sued for suggesting the company will succeed? pity !!! Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted December 4, 2008 Share Posted December 4, 2008 And it just keeps on going from bad to worse for poor old Grant Boveyhttp://business.timesonline.co.uk/tol/busi...icle5282598.ece 2 more of his companies go into administration . Shame He couldn't even turn a profit even during the insanest era of the bubble. What a *****. Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted December 4, 2008 Share Posted December 4, 2008 What a *****. Quote Link to comment Share on other sites More sharing options...
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