The Business On... David Ross, Businessman
Friday 07 January 2011
The chap who founded Carphone Warehouse but left in disgrace?
Mr Ross might take issue with the disgrace bit. Having co-founded the mobile phone business with Charles Dunstone in 1989, Mr Ross spent almost 20 years building the business but had to step down when it emerged he hadn't told fellow directors he had pledged some of his shares against loans he had taken out. But while there was quite a row, the City regulator later admitted its rules hadn't been very clear and many other business folk conceded they had done the same as Mr Ross.
Still, it must have been hard
Indeed, especially since Mr Ross was forced to give up a number of other directorships too. And it marked the start of a difficult time. Last year it looked as if the banks were about to call time on Kandahar, his property empire, after it breached covenants.
Goodness, anything else?
Well, the case of the young Lithuanian woman – who told police she had been assaulted outside his Kensington home in the early hours of the morning after a Christmas party in December 2009 – made for some lurid headlines. Though Mr Ross has always maintained hewasn't home at the time, since he is a Conservative Party donor and friends with David Cameron, the newspapers had some fun anyway.
So it's all gone wrong then?
Don't be so sure: Mr Ross appears to be bouncing back. Yesterday, Kandahar announced the sale of Drake Circus, a retail investment it owned in Plymouth for £245m, far more than expected. The company says it's not a forced sale, but either way, it should get the banks off Kandahar's back.
What's he like?
Sociable and generous. His philanthropic ventures include sponsoring a school in Grimsby, where his grandfather made a fortune from the fishing business. Mr Ross still chairs Cosalt, one of the companies his grandfather set up. He's a patron of the arts too, sitting on the board of the National Portrait Gallery and hosting events at his stately home in Leicestershire.
- 2 Russian girl takes her own life after parents find pornography on her computer
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Russian girl takes her own life after parents find pornography on her computer
Kim Kardashian on Bruce Jenner's 'story': 'We support him no matter what, and I think when the time is right, he'll talk'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Ball pool for adults opens in London
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Negotiable: Recruitment Genius: One of the world's leading suppliers and manuf...
£6240 per annum: Recruitment Genius: Apprentices are required to join a privat...
£40000 per annum: Sauce Recruitment: This is an exciting opportunity for a HR...
£35000 - £40000 per annum: Ashdown Group: A well-established organisation oper...