Seven investors apply to put Gavin Woodhouse firms into administration

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Move comes after Guardian/ITV News investigation raised questions about businessman whose companies have multimillion-pound ‘black hole’

Seven investors, who ploughed their savings into businesses owned by the embattled financier Gavin Woodhouse, have applied to the high court to have four of his companies taken into administration.

The move comes a day after an undercover investigation by the Guardian and ITV News highlighted questions about the business interests of Woodhouse, who has raised millions of pounds from private investors but whose firms have a multimillion-pound “black hole”.

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