Insurance multi-millionaire Neil Utley has emerged as a 3% shareholder in payday lender Non-Standard Finance, according to This is Money.
Utley’s stake is worth around a cool £2.1m, a small slice of his estimated £250m fortune.
The firm has struggled this year, with profit warnings and shares tumbling to an all-time low.
Utley made his money after leading the revamp of Hastings from small-time broker to one of the largest motor and home players on price comparison sites.
He also bought a major shareholding in stockbroker Peel Hunt.
The 57-year-old made headlines in 2014 after snapping up David and Victoria Beckham’s ‘Beckingham Palace’ country mansion for £11.million.
Utley has used his wealth on a wide variety of tastes including backing fledlging musicians, buying a golf courses and a holiday park.
Lloyd’s censured Utley and he faced £130,000 in costs following under-reserving at Lloyd’s insurer Equity, which he was in charge of between 2005 and 2010.
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