‘Billionaire’ Stunt’s gold trading firm £144k in red
WITH his cavalcade of flashy cars and phalanx of burly bodyguards whenever he ventures out of his Belgravia mansion, James Stunt enjoys living the billionaire lifestyle.
Curiously, however, his business ventures seem to struggle to make money.
The ex-husband of Formula One heiress Petra Ecclestone has filed his first accounts for his new gold bullion trading business and they make an intriguing read. The figures at Companies House reveal that London Gold Bullion Ltd had a £144,946 deficit in its ‘capital and reserves’ at the end of its first year of trading last October.
The deficit arose after bills were deducted from assets of £563,738.
Last month, I disclosed that his other gold trading business, Stunt & Co, managed to make only a tiny profit of £23,118, despite a turnover of £11.5 million.
A spokesman told me at the time: ‘There is no correlation between turnover and profit.’
Stunt, 35, who messily divorced Bernie Ecclestone’s 29-year- old daughter last October, could not be reached for comment yesterday
because he has parted company with his spokesman.
His brother, Lee, was Stunt & Co’s chief financial officer until his death in 2016 at the age of 37.
His untimely death was one of a string of misfortunes suffered by James, whose £ 100 million former family home in Chelsea was attacked with a petrol bomb.
Details of his marriage to Petra were laid bare during a bad-tempered divorce hearing, including hotly disputed allegations that he was abusive, violent and took overdoses.
Last month, Stunt claimed he had been the victim of Britain’s biggest ever burglary, with £90 million of cash and valuables said to have been stolen.