Meet the man who spent £25,000 on a south-west London stairwell. More here:
But that hasn't put Mr Squibb off.
Despite this, the dad-of-one, who lives in north London, believes it is "worth taking a risk" and he had been "so determined to win it I would have kept on bidding". He was inspired to set up the company after he was made homeless when he was aged 15 and didn't have a support network to help him. He has since created several businesses and invested in many start-ups.Mr Squibb says his mission now "is to help other people's dreams come true" and it therefore seemed "symbolic to buy the only staircase for sale".
"My vision is for each of the floors to have a different pop-up business - it might have a designer showcasing their new line of clothes on one floor, a coffee shop on another and a new restaurant at the top that is serving food for people to try."
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