Angel Coatings resin driveways director, Simon Regan, has been found guilty of fraudulent trading on the Isle of Wight.
Regan, of Bradfield Road, Barrows Green, Crewe, had been on trial at Southampton Crown Court this week.
The 57-year-old denied three counts of fraudulent trading, between September 9, 2014, and March 14, 2021.
The counts are contrary to section 993 of the Companies Act 2006.
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They relate to three companies: Angel Coatings, Angel Coatings Resin Drives, and National Resin Drives.
Yesterday (Tuesday), the court heard how the businessman had gambled away nearly £200,000.
Today (Wednesday), members of the jury reached a unanimous verdict of guilty on all three charges.
Regan saw his case adjourned to March 23 so a pre-sentence report could be drawn up.
He was granted unconditional bail until that date.
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