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The brothers said the case had 'caused unwarranted damage to our personal and business lives'.

Mr Holyoake, whose company was also part of the action, said in a statement: 'We, the claimants, are in a state of disbelief that Mr Justice Nugee has not ruled in our favour and intend to seek an appeal with immediate urgency.'Anyone reading today's judgment will see that there are currently no winners here.'I stand by our allegations and maintain that my own actions were deployed in self protection and wholly justified in the circumstances.'The Candy brothers were awarded an interim payment of £5.7million towards their legal costs.

The Candys have been on a fast track to fortune since the mid 1990s when they made their first modest start.

They made a £50,000 gain on a flat they bought for £122,000 in Earls Court London that they purchased and did up with the help of a £6,000 loan from their grandmother.

At that time Nick, above left, and younger brother Christian, 41, right, were working full time, the former in advertising and the latter for Merrill Lynch investment bank.