Wednesday 13th July 2011
Whilst an Apprentice hopeful steps up his on screen performance, his real companies are falling into mounting debt.
31-year-old Tom Pellerau’s company ‘M&P Consulting’ turned over just £500 last year and has a net worth of minus £15,597, whilst his second company ‘Foxfile Ltd’ has a net worth of minus £6,721, meaning that it owes more than its assets.
It seems that winning the Apprentice would give Tom more than fame, as it would also offer him a £250,000 business investment from Lord Alan Sugar.
A friend of Tom’s told the Daily Star Sunday: “Tom would be a fool not to want Lord Sugar’s money – and expertise. He’s got a very creative mind but he needs help with running a business.”
Commenting on the state of Tom’s companies, a financial expert told the London Evening Standard: “These balance sheets don’t look good at all. To say they’re in a dire situation is an understatement.”
Other friends of Tom told the News of the World: “Tom understands the hard work that goes into a new business. He is also aware that companies take time to perform at a profit. M&P Consulting has never been refused credit.
“Tom is not ashamed of the fact that the company has debts which are, in fact, loans from the two owners. He’s confident it will be profitable soon. Tom is determined to win The Apprentice to prove to Lord Sugar that he will make a fantastic business partner.”
However, rumours are circulating that the state of Tom’s companies may affect his chances at winning the show.
An insider said: “This is a huge embarrassment for Tom. He’s tried to keep this a big secret and hid it during the show.
“When Lord Sugar realises this, it won’t reflect well on Tom.
“He may make out he’s a successful businessman, but the figures speak for themselves.”
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