Yachts, one of the causes of insurance broker Ward Evans's downfall, could be the saving of ex-director Alex Dawson.

Dawson, who was sunk by the firm's irregular accounts and huge expenses claims, ...

Yachts, one of the causes of insurance broker Ward Evans's downfall, could be the saving of ex-director Alex Dawson.

Dawson, who was sunk by the firm's irregular accounts and huge expenses claims, has launched a company on the high seas of yacht brokerage.

The venture, Nautica Yachts (Harrogate), represents a remarkable turnaround for a man who just months ago was suffering health problems brought on by stress.

When contacted by Backchat, Dawson declined to comment on what he or any of the other directors are up to at the moment - after all, an investigation into the collapse of the firm is still underway.

However, website www.nauticayachts.com makes it clear what his new business does.

It offers almost everything a prospective yacht buyer could hope for with access to £500m worth of yachts and an after sales department that covers almost every service in a captain's log. Every service, that is, except marine insurance.

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