Young Chayley Broadbent (John Gregson) from Barfield, Yorkshire, inherits a sizeable legacy from his notoriously miserly millionaire industrialist father, John Henry Broadbent, upon his death.
At first, young Chayley seems to be just as tight-fisted as his father, much to the dismay of his long-suffering girlfriend Ethel (Susan Stephen), a journalist at a local newspaper.
But on a trip to London, Chayley visits a nightclub where he meets beautiful young showgirl, Ruthine (Diana Dors) who shows no interest in Chayley until she finds out how much he is worth.
A battle breaks out between her and Ethel for his affections as Ruthine intends to take him for all he’s got. Chayley, meanwhile, is quite happy to be taken.