Kevin Maxwell is back in the money

Kevin Maxwell (pictured), the son of the serial pension fraudster and former Daily Mirror proprietor Robert Maxwell, appears to have got back on his feet, despite once being bankrupted with debts of £400m. This week’s issue of Property Week magazine reveals that his extensive property interests in London have earned him "more than £3 million in the last year alone".

According to the magazine, Kevin and his brother Ian have been involved in a number of high-profile — and controversial — transactions in London. These include the sale of 50 per cent of Earls Court & Olympia (to Capital & Counties), the proposed sale of Oriental City in Colindale, and the purchase by Richard Caring and Elliott Bernerd of Camden Stables Market.

However, it appears Kevin's business affairs are still mired by his earlier, less successful endeavours. (In 2005 Kevin had to sell his grand country house in Oxfordshire and in 2007 another of his companies, Syncro, went into administration). Although discharged from bankruptcy in 2005, he is, according to Property Week, still in an "arrangement" with the insolvency register and is "a director of a handful of companies in insolvency proceedings". (Continued below)

Nevertheless, the improvement in his finances could mean that he can finally resolve the issues surrounding his divorce from Pandora, the mother of his seven children, which has been dragging on for more than 15 months. No doubt she will be delighted to hear news of Kevin's improved fortunes.