Mon, 29 Mar 2010 | ADMINISTRATION
Imagine Homes, the buy-to-let business owned by Anthea Turner's husband Grant Bovey, will shortly be placed on the market by Deloitte, the administrators.
Knight Frank is due to release an information memorandum to interested parties.
The portfolio is said to be worth about £100m, though Mr Bovey has faced three high court writs since the estimation, having been badly affected by the recession. Imagine reported a loss of £6.5m in 2009.
HBOS backed Imagine in the beginning, and lent £13m to Bovey to run the company. This type of property business was well supported by banks before the onset of the credit crunch.
When questioned about the financial health of his company six months ago, Bovey commented: "I am sitting in our £5m chateau in Megeve in the Alps. I will sue anyone who says that Imagine Homes is in financial difficulty."
He continued: "We are 20 per cent owned by HBOS and we have huge profits that have yet to materialise."
Bovey and Turner have been married for nine years, and live in a £6m Surrey home purchased from radio presenter Chris Evans.
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