A FORMER City banker who was made redundant during the credit crunch has been named one of Britain’s most inspirational business women 17 months after setting up her new business in St Albans.

Anisha Koshal’s business is one of 100 UK businesses nominated for the Barclays Trading Places Awards, which recognises people who have beaten the odds to succeed.

Anisha was made redundant from her City banking job in December 2008 and was determined to turn the bad news into something positive.

She opened The Cove Spa in April 2009 after recognising from her own experience the vital role that spas and retreats play in alleviating the everyday stresses of life.

She said: “I’m really happy to get this nomination because it’s encouraging for others who have a great idea for a business to strive towards achieving their ambitions and goals.

“I really want to help and inspire others who feel that they cannot start a business or feel that their idea is worthless.”

The Cove Spa on Russell Avenue is now in its second year of trading and is turning over a healthy profit, but Anisha admits it has not been easy.

Just as the business was getting off the ground, her husband, Amit, suffered a sporting injury to his lower back which made it difficult for him to walk.

He underwent spinal surgery and his recovery was slow.

Steve Cooper, chair of the judging panel and managing director of Barclays Business, said: “The calibre of this year’s entries is outstanding and we hope that with this recognition, The Cove Spa will continue on the road to success.

“We also hope Anisha’s story will inspire other budding entrepreneurs in St Albans, who face similar difficulties to come forward and turn their own business dreams into reality.”

The winner will be presented with a �10,000 cheque from the event organisers, and the runner-up with �5,000 for their business, at a prestigious black-tie gala dinner at The Savoy in London on Tuesday, November 30.

For information about The Cove Spa visit www.thecovespa.co.uk