From bankrupt to billionaire to bankrupt again, all in the space of seven years.
Robert Bull, the bungalow tycoon nicknamed Bob the Builder, is being chased by creditors just nine months after being crowned as one of Britains richest men with an estimated fortune of 1.9bn.
Now, his holiday park empire is being broken up bit by bit, as those who lent Bull money seek to reclaim more than 725m in debts.
Last week, 35 of Bulls bungalow sites owned by Royale Life, one of his many corporate entities were vacuumed up by rival property developer, Ambassador Regency Group.
While the sale may have ended months of uncertainty for affected residents, there is no doubt that more deals will be needed to settle debts. Bull was declared bankrupt by …
Read the full article at: https://www.telegraph.co.uk/business/2024/01/20/bob-builder-multi-billion-pound-bungalow-empire-unravelled/