While Cherie Blair’s legal business, advising among others the despotic governments of Kazakhstan and the Maldives, has thrived, her health company took an irretrievable turn for the worst.
Last June, the doors shut on 11 health centres dotted about the UK, which Mrs Blair helped to set up with her American business partner. But details of the failure – and the scale of the debts it left in its wake – can be disclosed for the first time today.
A series of documents seen by The Sunday Telegraph show that the business, called Mee Healthcare, went bust, owing creditors more than £5 million. The taxman alone was owed just over a quarter of a million pounds and a further £180,000 was owed in wages to staff.
There is actually a reason why people who run successful businesses get paid a lot of money. It’s actually quite hard to run a successful business. And investors like to place their money with people who can do it and will pay them handsomely for doing so.