Boss of Ā£300m used-car firm was ousted after āorchestrated planā by investors, judge rules | TheBriefWire
Boss of Ā£300m used-car firm was ousted after āorchestrated planā by investors, judge rules
Published 31 July 2026 Ā· finance
Multimillionaire Peter Waddell is also found to have been properly dismissed from Big Motoring World for gross misconduct A multimillionaire used-car salesman was ousted from
Multimillionaire Peter Waddell is also found to have been properly dismissed from Big Motoring World for gross misconduct A multimillionaire used-car salesman was ousted from his Ā£300m company after āa pre-conceived and orchestrated planā devised by private equity investors that had backed his business, a high court judge has ruled. Peter Waddell, 60, was forced out as the chief executive of the Kent-based dealership Big Motoring World in 2024 in a coup that resulted in āmore-or-less open warfareā at the car seller and caused āunfair prejudiceā to the investment company that held Waddellās majority stake. Continue reading...
Published: July 31, 2026 ā¢ 9:18 PM IST Ā· Updated: July 31, 2026 ā¢ 9:40 PM ISTBy TheBriefWire Editorial Team
Key points
Multimillionaire Peter Waddell is also found to have been properly dismissed from Big Motoring World for gross misconduct A multimillionaire used-car salesman was ousted from his Ā£300m company after āa pre-conceived and orchestrated planā devised by private equity investors that had backed his business, a high court judge has ruled.
Peter Waddell, 60, was forced out as the chief executive of the Kent-based dealership Big Motoring World in 2024 in a coup that resulted in āmore-or-less open warfareā at the car seller and caused āunfair prejudiceā to the investment company that held Waddellās majority stake.
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