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The Guardian - UK
The Guardian - UK
Business
Simon Goodley

Who’s the boss? The ousted car sales tycoon versus his private equity investor

big
He stands with hands on hips next to a grand piano.
Peter Waddell at his historic home near Bromley, south London. Photograph: Sean Smith/The Guardian

In many ways, Peter Waddell is lucky to be alive, let alone a multimillionaire. His backstory involves him wandering the streets of Glasgow after parental abuse left him in a children’s home during the 1970s.

And yet Waddell went on to build a used car empire called Big Motoring World, accumulating an estimated £500m fortune, a historic home on the outskirts of London and a string of performance cars.

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