Robert Bull, the bungalow tycoon nicknamed “Bob the Builder”, is being chased by creditors just nine months after being crowned as one of Britain’s 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.
The second paragraph explains the first, no?
As with the Murphonomics of the state, you can put up a prettygood show with a rising debt pile but it will come back to bite you on the arse at some point.
Bull’s network of single-storey villages was spread out across the country, including in the South East and Cornwall, where his acquisition of holiday parks was fuelled by billions of pounds in loans.