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Friday, April 12, 2024

Waddell is gone from Huge Motoring World precisely 2 years since Freshstream funding


Exactly two years since Peter Waddell was “delighted” that personal fairness agency Freshstream had invested into his Huge Motoring World automobile grocery store group he has discovered himself terminated as a director at Firms Home.

Waddell, who based the enterprise within the Eighties and oversaw its growth right into a five-site chain earlier than he offered a 3rd of his stakeholding to Freshstream in 2022, was ousted acrimoniously from its management group final month in a boardroom shake-up.

A Firms Home document replace this week reveals Waddell is now terminated as a director.

His Peter Waddell Holdco firm stays Huge Motoring World’s largest shareholder, however. Firms Home reveals that Peter Waddell Holdco’s newest accounts are six months overdue.

Since its funding Freshstream introduced in a variety of motor retail veterans, together with former HPI and Aston Barclay boss Neil Hodson and former Sytner chairman Lawrence Vaughan, to assist develop Huge Motoring World’s footprint additional.

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