Former Distinguished Hotels chairman Tim Hadcock-Mackay committed suicide, according to a Nottinghamshire coroner.
Based on the findings of a post-mortem and evidence from several witnesses, last week's inquest ruled that Hadcock-Mackay, 43, had hanged himself. His body was found in the grounds at the back of his Barnby Moor Hall property near Worksop, Nottinghamshire, on 28 July.
Hadcock-Mackay is understood to have been troubled by the circumstances surrounding the collapse of the Distinguished Hotels marketing consortium in April. It went into administration last month with debts of more than £1m.
In a suicide note, he claimed "abuses of trust" led to the downfall of the company and "fair-weather friends" had left him unable to carry on.