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Inside Poundworld founder's luxury mansion that he bought in CASH for £1.3million

Mirror logo Mirror 11/06/2018 Dominic Herbert
a small church in a garden: Luxury: RightMove shows house in Bardsey near Leeds © Trinity Mirror Shared Services Limited Luxury: RightMove shows house in Bardsey near Leeds

Poundworld founder Chris Edwards said he is trying to rescue the ailing chain after it announced it was going into administration.

Mr Edwards sold the business in 2015 for £150m to a private equity group but is said to want to buy back "200 plus" of its 335 stores.

In 2014 the Sunday Mirror reported on his remarkable rags-to-riches success, which included buying a £1.3million mansion in cash.

Related: Poundworld enters administration, putting 5,000-plus jobs at risk

The stone-built, six-bedroom, house is in one of Yorkshire’s most exclusive villages, a few miles from Leeds.

It has a 30ft indoor swimming pool, a jacuzzi, a steam room and changing facilities with showers, plus a gym with views across the countryside.

a tree in a park: View: Countryside back garden © Trinity Mirror Shared Services Limited View: Countryside back garden

View: Countryside back garden

a dining room table: Fine dining: The six-bedroom detached house cost £1.3m © Trinity Mirror Shared Services Limited Fine dining: The six-bedroom detached house cost £1.3m

Fine dining: The six-bedroom detached house cost £1.3m

The gated home has a block-paved courtyard and a triple garage with a self-contained granny flat above.

A friend said: “He paid the full asking price with cash – he didn’t want to be going to a bank for a mortgage. That’s the way he operates.

"He likes to own things free and clear and if he can’t do that he won’t buy them."

Mr Edwards started out working on his parents’ market stall, selling crockery after school and at ­weekends.

a pool next to a window: Dip: 30ft swimming pool © Trinity Mirror Shared Services Limited Dip: 30ft swimming pool

Dip: 30ft swimming pool

a house with a red brick building: Picturesque: Ten Firs estate © Trinity Mirror Shared Services Limited Picturesque: Ten Firs estate

Picturesque: Ten Firs estate

Related: Poundworld enters administration officially - putting 5,100 jobs at risk across 335 stores

He opened his first store – Bargain Centre – in 1975 in his hometown of Wakefield, West ­Yorkshire..

He borrowed £2,500 to build a shop front and set up two more stores within four years, when Laurence joined the business.

In 1997 the brothers opened their first single-price store under the name ­Everything’s £1.

a man with his mouth open: Poundworld founder Chris Edwards © Trinity Mirror Shared Services Limited Poundworld founder Chris Edwards

Poundworld founder Chris Edwards

In 2004 they renamed all their stores Poundworld.

Mr Edwards was seen in in BBC1 show Pound Shop Wars from 2012 to 2015 before selling the chain to TPG Capital.

Administrators Deloitte said Poundworld will continue to trade while a buyer for all or part of the business is sought and there would be no immediate redundancies or store closures.

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