Specialist Cars of Malton Ltd Administration £10m Vanished #2024 update

[jonttt]

I'm out of touch with this one as its been a while :roll: ......but looks as if the Adminsitrators got enough money in from the sale of assets to continue their fees ....I mean investigations.......in the context of this case I think that is a good thing as there would likely not be enough funds to distribute to make any meaningful difference to creditors and I would think they would prefer the money better spent at this stage in laying the ground works for potential criminal proceedings at a later date ....slowly slowly catchy monkey :?:

 

[BoxsterBloke]

Last I heard he's awaiting trial. Hope he goes down for a long time.

 

[911UK]

meanwhile for those wanting to a taster of wtf legal case, I came across this one that somehow involves Hawkins and a Porsche and he's just the supporting cast, with Mr Howarth having a right ding dong with Mr Cole

https://www.bailii.org/ew/cases/EWHC/Ch/2022/780.html

 

[Gazc2]

that`s an entertaining read what a crew of shysters eh and don`t lend your mates copious amounts of dosh

 

[LeopoldStotch]

meanwhile for those wanting to a taster of wtf legal case, I came across this one that somehow involves Hawkins and a Porsche and he's just the supporting cast, with Mr Howarth having a right ding dong with Mr Cole

https://www.bailii.org/ew/cases/EWHC/Ch/2022/780.html

The "Mr Carl" in this case has posted several times about his dealings with Hawkins on this very thread.

 

[911UK]

this one is still running !





was £8.5m now £9.5m, could always round this upto £10m....

 

[IMI A]

Blimey

 

[MaxA]

Seems that 58 creditors have basically given up. There's not much chance of recovery, but there might be some assets (houses and such) still out there somewhere.

 

[jonttt]

what a surprise, this may end up just being a feeding trough for the administrators. I've dealt with too many over the years who 100% of the time miraculously find a way to line their pockets fully from any carcus that is left

I hope behind the scenes there is some benefit, whilst not financial, to the creditors to support any civil / criminal case there maybe

 

[carrera2RS]

The directors should be prosecuted to be trading with near that level of debt and insolvency, unlikely this happened overnight

 

[jonttt]

You'd think that was not too hard to prove with a ponzi scheme of SOR sales.......