Former wife of Screwfix millionaire loses money battle in UK High Court



The ex-wife of a millionaire businessman whose family founded the Screwfix chain lost a High Court battle over company shares, but was awarded more than £1 million ($1.3 million) to cover the cost of raising their children.

James Goddard-Watts and his ex-wife Julia, who divorced in 2010, have been embroiled in a long-running financial feud.

The latest round of that fight has now been adjudicated by a judge.

Earlier this year, Sir Jonathan Cohen heard arguments in the Family Division of the High Court in London.

Judges were told that Mr and Ms Goddard-Watts, both in their 50s, had reached an agreement to end their 13-year marriage in 2010.

Mr Goddard-Watts had agreed to give his ex-wife a house worth £3.25 million and a lump sum of £4 million.

She later complained that he had not disclosed the full extent of his wealth.

A judge then ruled that Mr Goddard-Watts had "made a false presentation" when signing the 2010 agreement, and he was ordered to pay his ex-wife more than £6 million ($7.8 million) in 2016.

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