Mogul who ran firm with wag daughter battling to save home after company collapsed leaving celeb investors owed millions
A TYCOON who ran a collapsed company with his wag daughter is battling to save his £4million home.
Ashley Reading, 55, was in charge of investment firm Fortress Capital Partners alongside Cam, who is
dating
ex-Utd star Scott McTominay.
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Ashley Reading, with daughter Cam, is fighting to save his home
Credit: Champion News Service
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Cam is dating ex-Utd star Scott McTominay
Credit: Champion News Service
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She was the company's head of investor relations
Credit: Instagram/camreading_
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The £4m home at the centre of the court fight
Credit: Supplied by Champion News
The company collapsed in 2023 leaving celeb investors - including the footballer and Boyzone star
McTominay, who now plays for Serie A club
Reading is now battling to save his £4million, six-bedroom mansion in Kent after failing to make payments.
He is being sued by a mortgage company in a bid to seize the mansion and turf Reading and his family out.
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The Court of Appeal heard Reading used his own firm, Rose Cottage Farm Ltd, to buy the home in 2022 for £2.5million.
TFG Capital No.2 Limited lent £2.85million to the company, secured by a mortgage over the house and any other company assets.
The documents contained a stipulation not to allow anyone related to the business to live in the home or land.
But the court was told Reading and members of his family moved in, with the firm defaulting on the loans soon after.
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In August 2023, the loan company appointed receivers with "the
power
to demand and receive monies payable in respect of the land and to take possession and sell it".
They then launched the legal action against Reading after finding he was "not co-operating with them" by planning to sell the land, it was said.
The company took the case to Bromley County Court to be granted an order to take possession of the home, before launching further legal action at the High Court in Leeds.
In a ruling in May last year, Judge Jonathan Klein ordered the company "must deliver possession of [the Land] to the administrators before the end of 11 July 2024."
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But Reading was granted permission to appeal against that order in July last year, and now has succeeded in having it overturned.
The case in the county court will now go forward at a later date.
Fortress Capital Partners promoted annual returns of up to 18 per cent before it collapsed into administration.
Cam, 25, was the company's head of investor relations and was described as an "integral part of the Fortress Capital team".
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She now lives a lavish lifestyle in Naples with McTominay after he left Utd last year.
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Cam helped her dad run Fortress until it collapsed in 2023
Credit: Instagram/camreading_
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McTominay ploughed millions into the firm
Credit: Champion News Service
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The wag has now left the UK to live with her footballer boyfriend
Credit: Instagram/camreading_
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