Private investors who handed their savings to the embattled financier Gavin Woodhouse have been dealt a fresh blow after forfeiting “a substantial amount of money” following the “disastrous” collapse of a plan to buy a Devon hotel.
The details of the failed deal are contained in documents submitted to the high court last week on behalf of creditors to Woodhouse’s businesses, when the entrepreneur lost control of three of his companies and a judge ruled his business model appeared to be “thoroughly dishonest”.
