The parks of the magnate «Bob the Builder» fell into the hands of the administration

Billionaire Robert Bull insists everything is business as usual at his company. The billionaire bungalow mogul, nicknamed «Bob the Builder» after two of his businesses filed for administration.

Robert Bull, who was named one of the UK's richest men earlier this summer, urged his parking lot administrators to caravans in Kent and Portsmouth.

Legal documents seen by The Telegraph show that Golden Leas Holiday Park and Hayling Island Holiday Park, which are ultimately owned by Mr. Bull, filed separate advisory notices last week.

Bull insisted it was «business as usual» at his company.

The entrepreneur came into the spotlight in May when he became a new addition to the Sunday Times rich list with an estimated net worth of nearly $2 billion. pounds.

RoyaleLife, the company he co-founded, is the largest in the UK. a bungalow supplier, and Mr. Bull built a business converting caravan parks across the country into one-story villages.

However, over the past year, his companies have been repeatedly sued for debt.

In May, the city's law firm, DLA Piper, filed a petition to liquidate Mr. Bull's business, Time Group Holdings.

This follows an earlier petition to liquidate the same organization from HM Revenue &amp. ; Customs late last year.

Mr Bull said some of the legal claims are based on «false claims and unsubstantiated information.»

Legal issues have diverted attention to Mr. Bulla.

According to a May newspaper article, he was «born with a spoon encrusted with platinum and diamonds in his mouth.»

He said: “My three sisters and I were raised with everything we could wish for. My grandfather started building caravan sites in 1945 and all of his children, including my father, went into the same business, which grew into the modular bungalow we supply today.”

His father did it. in the family business until «he lost everything during the banking crisis of the 1990s».

Subsequently, Mr. Bull rebuilt the company and turned it into the second largest British caravan group with his business partner.< /p>

However, in 2016 the firm was declared bankrupt, reportedly due to debts totaling £3.5m.

This put Mr Bull in serious financial trouble, who once stated that he had to borrow money from his 12 people. a one-year-old son to pay for the family's KFC restaurant.

His recent return to success has allowed him to enjoy lavish trappings, including a £10 million mansion in Southampton with a bowling alley and six double garages.

Robert Bull, Founder and Executive Chairman of the Royale Group, said: “Like many companies, we have gone through a difficult time since the pandemic and as an organization we have been subject to order liquidations based on false claims and unsubstantiated information. They have either been rejected or are the subject of legal action.”

He added: “More than 200+ legal entities are part of the Royale Group and they remain in effect. So I want to reassure our sponsors, suppliers, residents and employees that everything is going as usual.”