Credit crunch forces Anthea and Grant to cancel their summer ball

oldMcDonald

trudiha wrote: »

For the love of God, the poor man is married to Anthea Turner, do you really need to kick someone when they are already so down? He might be a property developer but has the milk of human kindness really soured to that extent?

:laugh::laugh::laugh::laugh:

cassy

Anthea Turner hasnt been the perfect housewife then has she if she has not been saving for her party lol

poppy10_2

Oh dear. Their huge profits are still yet to materialize.

HBOS has started a strategic review of Grant Bovey's struggling buy-to-let business Imagine Homes.

According to a report in Property Week published today, Mr Bovey, who is as famous for his marriage to TV presenter Anthea Turner as for his business career, is in talks with HBOS - which owns 20pc of Imagine and is also its lender - about a restructuring that could see the company split up.

The Imagine concept had been to buy flats off-plan, fit them out stylishly and sell them on to investors with tenants in place, guaranteeing a 7.5% yield.

Imagine has been hit by the downturn in the residential property market and has millions of pounds of unsold property on its books. It has also had to make 30 of its 150 staff redundant this year.

Daily Telegraph, 4th July 2008

Snooze

"I am sitting in our €6million [£5million] chateau in Megeve in the Alps right now. I will sue anyone who says that Imagine Homes is in financial difficulty. We are 20 per cent owned by HBOS and we have huge profits that have yet to materialise."

Imagine Homes is in financial difficulty.

Bring it on, punk.

Rob

jamescredmond

poppy10 wrote: »

Oh dear. Their huge profits are still yet to materialize.



Daily Telegraph, 4th July 2008

I gurgled with schadenfreude delight when I read this.

so, the lovely anthea decided to cancel this yr's ball because she didn't want to 'embarrass' her usual guests in these straitened times?

but, of course.

entirely unconnected to bovey's demands that she turn the central heating down and put on another sweater/get closer to the candle.

this pathetically weak excuse to cancel is up there with martine mccutcheon's explanation as to why she quit hollywood: the sun was too bright for her!

eh?

OH, YOU MEAN YOUR CAREER BOMBED!!

but we must sympathise with grant. it can't be easy watching your little empire start to collapse. you remember,grant: the one you built with other people's money.

and what of poor anthea, bless?

it must be dreadful. first, your career and now this.

still, peter powell might be allright for a few quid.

send me a PM and I'll put a good word in.

Treadmill

When Elton John cancels his summer ball the country really is in trouble.

Sir_Humphrey

Well, if they lose their portfolio, at least Anthea can make them a Tracy Island to live in.



The papier mache and toilet rolls used are probably too high quality for a new build flat though.

amcluesent

>we have huge profits that have yet to materialise<

LOL. He's clearly not especially familiar with accounting regulations on recognising profits. Who will get to him first - HMRC or the bailiffs?:D

PasturesNew

Imagine has been hit by the downturn in the residential property market and has millions of pounds of unsold property on its books.

MILLIONS!!!

I have to keep saying that word over and over again.
MILLIONS!!!

Oh blimey.

grebbo

Grant and Anthea will be fine...these sort of people always walk away from their sinking ship smelling of roses.

They'll have known the business was going under and got their money out long ago. It'll be the investors/shareholders/employees that end up getting fcuked as is always the way.