Used Car Tycoon Claims Wrongful Dismissal Over Offensive Remarks

A high-profile legal battle has emerged as Peter Waddell, a multimillionaire and founder of the used car business Big Motoring World, claims wrongful dismissal. The 59-year-old entrepreneur was removed from his position amid allegations of offensive remarks made to colleagues.

Background of the Case

Peter Waddell’s journey from homelessness in Glasgow to amassing a £500 million fortune is remarkable. As the owner of Big Motoring World, he built the second-largest second-hand car empire in Britain, selling around 60,000 vehicles annually. However, in April 2024, following an internal investigation, he was ousted from his role as CEO.

The Allegations

Waddell faces accusations of making sexist, racist, and abusive comments. He contests these claims, arguing that they were part of a “meticulous plan” by Freshstream, a private equity firm that owns a third of his company. Waddell asserts that Freshstream aimed to strip value from the business and jeopardized its well-being during his absence.

• Key Allegations:
  • Referring to Asian individuals with derogatory terms.
  • Offensive remarks to staff, which he defends as jokes.
  • Claims that his disabilities were ignored during the dismissal process.

The Legal Battle

Waddell is suing for reinstatement as well as seeking damages for wrongful dismissal, amounting to £375,000. His legal representation argues that the investigation’s findings were not conducted fairly, particularly given Waddell’s dyslexia and other disabilities.

Claims Against Freshstream

Freshstream defends its actions by stating they legitimately removed Waddell under a clause that allows them to act if misconduct is alleged. They claim that Waddell’s removal was justified to protect the company’s interests.

Business Performance Post-Dismissal

Since Waddell’s removal, Big Motoring World has reportedly suffered significant financial losses. The performance metrics highlight a decline, with a loss after tax of £8.3 million in 2025, contrasting sharply with a profit of £1.75 million the previous year. Customer complaints and satisfaction ratings have also deteriorated.

Future Implications

The outcome of this case could have significant implications for both Peter Waddell and Big Motoring World. Should he win reinstatement, it may alter the trajectory of the company’s management and financial health.

As the legal proceedings continue, the business community will be closely watching this high-profile case of wrongful dismissal in the used car industry.