28/04/2008
In the corporate world, once you’ve been proven to have the knack for inspired business ideas, innovative companies clamour for your services. Such is life for Dubai-based German tax expert and entrepreneur Uwe Hohmann, new chief executive of underwater hotels venture Crescent Hydropolis.
Having been a director of a business with the unforgettable moniker of Businesspants.com, which advertised undergarments for ‘businessmen who aspire to being comfortable while travelling and during meetings and conferences and who know intuitively exactly what they want’, he is now heading a company with grand designs to open a chain of Jules Verne-esque underwater hotels around the globe. So far, these wondrous structures are still in those design stages, with proposed sites in Qingdao, China, and the Middle East yet to find sufficient funding.
Crescent Hydropolis lost £1.2 million in the six months to June and the shares have lost 90 per cent of their AIM float value. Recently, there was a dispute over half of a £315,000 funding arranged through broker Nabarro Wells (now part of Ambrian Capital).
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