OVO ENERGY HANDED FOUNDER £27M DESPITE DOUBTS OVER FUTURE
https://s.yimg.com/ny/api/res/1.2/wPwobijW.o2o0IMduYTiLQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTA-/https://media.zenfs.com/en/the_telegraph_258/be40cc0fb08d5c17b5dd3dfb81b8d69d
✍️ Ovo Energy, Britain's fourth-largest gas and electricity supplier, paid £27m to its founder Stephen Fitzpatrick's company Imagination Industries despite warning over its ability to stay afloat.
👉 Ovo Energy paid £27m to Imagination Industries, an investment vehicle controlled by Stephen Fitzpatrick 👉 The payment was part of a historical licencing agreement in which Ovo pays Fitzpatrick vast sums each year for the right to use his brand 👉 Ovo Energy is struggling to raise £300m in new investment and has a 'material uncertainty' clouding its future
-- #StephenFitzpatrick #London #WestLondon #business
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