Montague returns...

Thursday, 24 November 2016, 12:09 pm

Robert Montague hasn't featured in British business sections for quite some time. Perhaps, though, that's a good thing for him because the last time the entrepreneur hit the headlines the company he built into a FTSE 100 business - Tiphook, a container and truck leasing business - was imploding and Montague was declared bankrupt with personal debts of £30 million.

But now Montague is back, with an offer to investors to 'play' in his latest venture - although on a much smaller scale to his Tiphook days. Indeed, little old Betaville can exclusively reveal that Montague and his son, the well-known British singer Ben Montague, have appointed crowd funding website Crowdcube to raise £360,000 for their specialist guitar business called The North American Guitar company.

To be fair, Montague did actually rekindle his career after the Tiphook disaster by setting up another truck and container rental company called Axis Intermodal.

However, the bucaneering businesman now appears to be doing rather well out of selling premium hand made American guitars. According to my mole, turnover at The North American Guitar company has risen from £40,000 to £600,000 in the last three years and the business is hoping generate about £1 million next year...

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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