CompaniesInTheUK

MR PHILLIP WRIGHT

28 current appointments · 7 resigned

Director disqualification 1

A record on the Insolvency Service's register of disqualified directors matches this person's name and a company they were an officer of. Companies House publishes no reliable person identifier, so confirm on the official register before relying on it.

Phillip Wright

11 Years 0 Month(s)
Same company (no. 07707345) Same month of birth Name matched
Disqualified from
2020-07-24
Date of birth on record
June 1958

1 Between 26 June 2011 and 12 December 2011 Philip Wright (“Mr Wright”) caused or allowed Fresh Start Living Limited (“FRESH START LIVING” or (“the Company”) to provide incorrect and/or misleading marketing information to investors in order to induce them to enter into reservation agreements. FRESH START LIVING’s website stated that: 1.1 A site situated at Ford Lane, Salford, M6 6PE (“the Ford Lane Site”) had been acquired for a student development (“the Student Development”), but at the time of the statement the Ford Lane Site was owned by a third party. 1.2 Construction would begin soon, but no formal application for planning permission for the Student Development had been made by the Company. In fact, on 17 November 2011, and in response to the Company’s pre-planning application, the local authority expressed concern regarding providing planning permission for the Student Development. 2 Between 30 June 2011 and 6 July 2012 Mr Wright caused or allowed FRESH START LIVING to procure reservation fees totalling £236,999 from investors despite there being no planning permission for the Student Development. In particular, investors paid fees totalling £76,000 after 17 November 2011 being the date that the local authority expressed concerns regarding providing planning permission for the Student Development. FSL Properties Ford Lane Limited 3 Mr Wright caused or allowed FSL to enter into transactions which were to the benefit of connected parties and to the detriment of its investors at a time when he knew or ought to have known that FSL was insolvent. In particular, and in relation to the grant of the leasehold: 3.1 On 2 June 2015 FSL entered into an agreement with a third party to grant a lease over the Ford Lane Site. 3.2 The deposit purchase price was stated to be £400,000, with further provision for deferred consideration of £1,190,000. 3.3 Of the deposit purchase price of £400,000 was paid to a connected party by way of a loan novation agreement. 3.4 The connected party is connected to FSL by virtue of the fact that Mr Wright was a director of both FSL and the connected party and, furthermore, FSL is a wholly owned subsidiary of the connected party. 3.5 Prior to the grant of the lease, £727,276.68 was owed by FSL to the connected party and £275,661 was owed to investors in relation to deposits and reservation fees. Following the grant of the lease, FSL’s indebtedness to EPG was reduced by at least £338,041 whilst nothing at all was paid to investors.

Details

Occupation
DIRECTOR
Nationality
BRITISH
Country of residence
UNITED KINGDOM
Date of birth
June 1958
Correspondence address
OAK COURT CLIFTON BUSINESS PARK, WYNNE AVENUE, SWINTON, MANCHESTER, LANCASHIRE, ENGLAND, M27 8FF

Track record

31

companies, the first appointed in 1999. 30 are now dissolved.

11 of them are registered at the same address (M27 8FF) — commonly an accountant, a shared office or a family business.

Appointments 35

Why these appointments?

Companies House does not publish a reliable identifier for a person. We group appointments by name and date of birth, so this list may be incomplete — the same person can appear under a different spelling or with no date of birth recorded.

Records that may be the same person 5

These are separate Companies House records that share details with this one. Companies House does not publish a reliable person identifier, so they may or may not be the same individual. Check before relying on this.