Man makes tens of millions twice, after shedding all of it the primary time spherical

Andy Scott made tens of millions, then misplaced virtually all the pieces. Unable to get a mortgage he took work as a bouncer, earlier than discovering riches once more saving others from going bust.

The businessman's first success got here whereas he was nonetheless in his teen, utilizing £5,000 inheritance to purchase a run-down terraced home.

After doing it up, he used the money he made to purchase one other property, then one other, then one other – making his first million by his mid-20s and ultimately growing greater than 500 properties.

“Again then, I used to be in my 20s and the banks have been actually throwing cash at me and as I’d by no means seen an financial downturn, I didn’t realise what may go mistaken,” Andy stated.

“Then the monetary crash occurred and I acquired worn out. I nearly averted going bankrupt however all the pieces was repossessed.”

And it was extra than simply the enterprise that disappeared. “I misplaced all of it – my residence, all the businesses I owned, and 6 million quid,” he stated.

His psychological well being suffered too.

“I used to be actually low and melancholy set in,” Andy stated. “I actually needed to begin once more from nothing.”

Andy ended up working two jobs, as a bouncer and a builder, after shedding tens of millions

Unable to get a mortgage and needing cash Andy began working as a bouncer by night time and a builder by day.

His arduous work started to pay dividends, as he made his method again into the world of property growth whereas opening nightclubs in a former church and cinema.

However his experiences in his 20s taught him loads about seeing the worth in one thing that was run down and discovering a strategy to make it a hit once more by exhibiting them some love and a spotlight.

With some cash behind him once more, and plenty of expertise, he began searching for companies that may very well be saved.

Andy and his group now give attention to saving corporations in bother

Founding a brand new agency to avoid wasting companies from the scrapheap – REL Capital– Andy began searching for corporations he may assist.

Having been by way of his personal collapse, saving jobs and investing longer-term are high priorities for Andy and his group, with a lot of the corporations he helps solely creating wealth once more after two or three years of consideration.

Nevertheless it's working – with REL Capital set to show over £50million in 2020 and now using 650 folks.

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How I began my enterprise

He has now rescued corporations from a variety of sectors – together with transport, recruitment, actual property, building, hospitality and leisure – safeguarding greater than 1,000 jobs.

He is rescued 4 completely different transport corporations previously 12 months alone, and that is earlier than we discuss in regards to the recruitment companies – together with  WestOne which finds short-term and everlasting cooks to London’s high eating places and Agentis which finds workers for the constructing business.

As a result of if there's one factor he is learnt alongside the best way, it is that there are second probabilities on the market when you hold religion and hold working for them.

“Companies don’t fail, folks do,” stated Andy stated.

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