Saturday, August 22, 2009

What next then? “The Really Distressed Property Company”?

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 (1536 views)
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9 thoughts on “What next then? “The Really Distressed Property Company”?

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

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  • 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.

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  • japanese uncle says:

    Sounds like just another megalomaniac.

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

    laughing stock comes to mind

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

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  • 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.

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  • ‘he has left no debts with the company’ – good now he can repay the other £50 million. Scumbag.

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  • LP well it is the season….oh sorry i thought you said footBall! 😉

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