A £700million British tech entrepreneur once branded 'Britain's nicest boss' has stepped down because of unhappy customers after being accused of sexual misconduct and bullying - but his wife is now in charge, it was revealed today.
Lawrence Jones, 51, who is worth £700million and attended Prince Harry and Meghan Markle's wedding last year, is taking 'a leave of absence' from running cloud computing firm UKFast in Manchester.
The business has previously features in Sunday Times' lists for 'Best Companies to Work For' and 'Great Place to Work' because staff get free holidays and could take time out in their working day to use the office recording studio or even have a nap.
But an investigation by the Financial Times has claimed two female employees have accused him of sexual assault and unwanted sexual advances, including an extraordinary incident where he allegedly waved a sex toy in a woman's face.
A UKFast spokesman said: 'The company acknowledges the serious allegations recently made in a national newspaper and is conducting an internal investigation'.
In Mr Jones' absence his wife Gail will take over, the company said.
Mr Jones emphatically denies the allegations, saying that 'they are also hurtful and damaging, especially to my wife, our family, and the UKFast team.'
Lawrence Jones, 51, who is worth £700million and attended Prince Harry and Meghan Markle 's wedding last year, is taking 'a leave of absence' from running cloud computing firm UKFast - his wife Gail (pictured together) is taking over
Lawrence Jones MBE, 51, who last year attended the wedding of Prince Harry and Meghan Markle, is one of the UK's 250 richest people and runs cloud computing firm UKFast (pictured: at an ice rink he set up outside his office for the winter, left; and inside the building, right)
Jones counts Sir Richard Branson among his friends and has holidayed with him in the Caribbean and in the Swiss Alps
The married father-of-four has been accused of waving a sex toy at his 20-year-old PA after taking her to a sex shop just after she started her job, the FT said.
One woman, who hasn't been named, claims she was molested by Mr Jones at his homes in Wales and Switzerland.
In 2015, Jones was awarded an MBE by the Queen for services to the digital economy
She told the FT: '[Mr Jones] would wake me up with his hands under the duvet. It was frightening. He would have his hands under my knickers'.
He is also accused of knocking a glass of water into an employee's lap, asking: 'Am I making you wet?'
There are allegations of sexual harassment, bullying and a culture of bullying at his IT business.
And the FT claims that Mr Jones would sometimes walk the office with no shirt on , according to interviews with 30