What differentiates Tony Falkenstein from the rank and file of entrepreneurs is his adherence to traditional business ethics and integrity.

When others would have thought nothing of walking away from their business failure and leaving their creditors out of pocket, Tony made and kept a commitment to repay everybody in full. He did this in spite of a general acceptance that risk taking with limited liability is an accepted business characteristic regardless of the consequences.

It seems today many business entrepreneurs are blasé to the fact their actions affect lives of others and find it easy to walk away. What is more alarming as a society we are beginning to tolerate this kind of behaviour.

Tony and others like him should be applauded and recognised as true business people.

Tony has also served a term on the board of IBF.