IMAGINE Homes, the property business owned by Anthea Turner’s husband Grant Bovey is to be put up for sale by administrators Deloitte.
It is Bovey’s ninth failed business and adds to the long list of embarrassments for the celebrity couple.
Imagine Homes bought properties from developers and sold them on to investors with supposed guaranteed rental income.
The business ran into trouble after house sales and mortgage lending rates collapsed during the downturn. It is now in the hands of HBOS who lent Bovey 13m to run the company.
The business has been valued at £100m although results show it recorded a loss of £6.5m in 2009.
Bovey remains a consultant with no financial stake at the business.
Six months ago when he was questioned about the financial state of Imagaine, he said: “I am sitting in our £5m chateau in Megeve in the Alps. I will sue anyone who says that Imagine Homes is in financial difficulty.
“We are 20 per cent owned by HBOS and we have huge profits that have yet to materialise.”
He and his family live in a £6m Surrey home that was bought from radio presenter Chris Evans.