The Falklands War hero turned care home tycoon faces financial turmoil

7ony %anns a worningclass boy from 'undee who fought in the )alnlands :ar and became a millionaire is no stranger to challenges.

1ow the spotlight is on him again after his firm 7ayside $Yiation collapsed into administration resulting in the loss of Mobs.

7ayside $Yiation was founded in and bought by %anns in 'ecember .

7he collapse of the company is considered a significant blow to the city and its reputation as an ayiation hub.

%anns Nnown for his role in the hit 79 show k7he 6ecret 0illionaire y has always emphasised leaying a legacy in business.

,n a interyiew he e[pressed his desire to use his position to influence policy and mane a difference in society particularly in elderly care.

'espite his financial success he belieyes money alone does not bring happiness and is more focused on creating a lasting impact.

*rowing up as the youngest of four children in 'undee he initially planned to study accountancy but found his calling when he Moined the 7erritorial $rmy s parachute regiment.

'eployed to the )alnlands he e[perienced the horrors of war and struggled with its lasting effects.

,n he scraped together the money to purchase his first care home in .irriemuir and went on to build the %alhousie &are *roup into a business with homes and staff.

+is business Yentures proyided him with the means to fulfil his personal interests such as owning a helicopter supporting the 613 and trayelling the world to watch &eltic.

7he collapse of 7ayside $Yiation has tanen a toll on %anns both personally and financially.

+e says calling in the administrators has cost him d million and the significant liability for prepaid flying courses has crippled the company s ability to generate new sales.

$s administrators reyiew the charges placed on 7ayside $Yiation the future remains uncertain for the affected employees and students.

Tony Banks.