That he is on the board of two public companies is well known. Less known is that he holds another 20 directorships of private companies. He is a business angel with investments in publishing, sports equipment, light engineering, carpet making and housing. Disqualification would therefore be quite a blow for him.
The 380-page report will prove a talking point for years, not least for the countless lawyers making and defending claims and counter- claims amid the wreckage of B & C. It's quite a tale: B & C paid more than pounds 400m for a business that turned out to be worthless, and Mr Gunn and his inner coterie decided to keep mum even after discovering the fact.
I recommend the report to anyone thinking of buying a business, big or small, if they are relying to the tiniest degree on the scrutiny of professional advisers for comfort against being sold a pup. Skimp on 10 minutes of advice from accountants and merchant bankers, and spend the pounds 35 you save on this. .Reuse content