Developer fails after founder jailed for cocaine car crash

Grant Prior 11 months ago
Share

Administrators have been appointed at a leading London property developer after the founder and CEO was jailed after crashing his Porsche while under the influence of cocaine.

Sussex Police pictures of the crashed Porsche
Sussex Police pictures of the crashed Porsche

Partners of accountant MHA MacIntyre Hudson have now been appointed as Joint Administrators of Inspired Asset Management Limited and Inspired Developments (London) Plc.

Inspired was founded by Martin Skinner,41, and specialised  in converting existing buildings into micro apartments.

Skinner was sentenced to 22 months in jail by Worthing Magistrates Court last month after pleading guilty to careless driving and failing to provide a specimen.

The court heard that on August 24 2018 he crashed his Porsche into a tree after losing control of the car on the A281 Guildford Road.

The impact was so great that the entire engine was ejected from the vehicle.

The front seat passenger – a 30-year-old woman from London – sustained serious injuries and was flown to King’s College Hospital in London where she remained in an induced coma for more than a week.

Skinner failed a roadside drug test which was positive for cocaine, before he was taken to Guildford Hospital with serious injuries, where he refused to provide a further sample for evidential purposes.

On the day of the trial Skinner initially failed to appear and case commenced in his absence.

His passenger, still recovering from her life-changing injuries, gave evidence that Skinner had been driving so fast that everything had been a blur, and that she had asked him to slow down.

Skinner is now starting a 22 month jail sentence

Skinner then arrived at court two hours late in his McLaren sports car, apologising that his alarm clock had not woken him up in time.

Skinner was also disqualified from driving until May 2022 and ordered to pay fines and costs amounting to £1,815.

MHA MacIntyre Hudson are now reviewing the two companies’ potential assets of £100m.

The firm said: “Following the completion of this assessment, the administrators will be writing to all known creditors and clients who may be owed money in the very near future.

“This written communication will contain information on the latest financial position of the companies and will outline the next steps of the process.”

Latest news

Redrow pulls out of 1,100 home Wandsworth estate scheme

Construction started in February on first phase of Alton Estate regeneration
14 mins ago

McAlpine to kickstart £650m Nottingham Island Quarter

Construction to start on £9m first phase of giant scheme in October
1 hour ago

Planning revolution to open housing market to smaller builders

Planning to be revamped in bid to end dominance of major housebuilders
6 hours ago

Groundworks boss banned for false tax returns

Insolvency Service investigates after contractor goes into liquidation
2 hours ago

Buyers report robust construction recovery in July

Strongest rise in output for nearly five years
3 hours ago

Nmcn still in profit despite Covid-19 crisis

Pandemic to cut margins to 0.5% this year but contractor confident in long term prospects
6 hours ago

Shed builder Winvic hails £29m rail freight terminal win

Vast concrete pour to start in weeks on 30,000m3 terminal storage slab
21 hours ago

Ibstock to shut three brick factories and axe 375 jobs

Brickmaker on cost-cutting push after £52m first-half loss
6 hours ago

Hackitt slams industry’s ‘wait and see’ stance on building safety

Mace, Vistry and Construction Leadership Council praised for rising to safety challenge
5 hours ago

Kier wins £160m Area 4 highways upkeep deal

Maintenance work to start in November on Kent and Sussex roads
20 hours ago

23 demolition firms win places on Scottish framework

Demolition framework for Scottish council and housing associations
21 hours ago

Amey clinches £240m deal to upkeep three major bridges

South west major structures inspection and maintenance worth £16m a year
22 hours ago

Aecom to cut up to 500 jobs

Consultant starts redundancy consultation as it "re-shapes" the business
1 day ago

Squibb lands demolition deal on £220m Woolwich site

Year-long demolition of old Woolwich estate starts this month
1 day ago

Vinci replaces Galliford Try on £26m cancer centre

Demolition work completed by Galliford Try but client brings in new contractor
2 days ago

Morgan Sindall confident of second half profit surge

Post lockdown recovery continues as £9.3m of furlough cash to be handed back to government
1 day ago

M&E specialist Lorne Stewart battles to stem losses

Harrow-based building services specialist begins to curb losses
1 day ago

Worker crushed to death on Tottenham demolition site

Wall and roof collapses at two-storey industrial building
2 days ago

Countryside picked for £124m Bracknell housing plan

Over 400 homes to be built on three council-owned sites in town centre
1 day ago

Balfour to reopen concrete plant after Covid outbreak

Track and trace investigations show no-one affected at Hinkley where segments are supplied
2 days ago

Robertson lands Preston research centre contract

University of Sheffield picks main contractor for £20m scheme
2 days ago

300 “shovel ready” schemes get £900m funding boost

Government confirms schemes receiving cash from the Getting Building Fund
2 days ago

2021 workload rebound but to 6.4% below pre-Covid level

Construction forecasters bank on V-shaped recovery next year
2 days ago

Plans unveiled for new 40-acre Crewe warehouse scheme

Construction of 800,000 sq ft of space on former BAE factory site
2 days ago

Manchester wellbeing centre developer eyes three more sites

Construction to start next year on £250m Manchester scheme followed by trio of new venues
3 days ago

Willmott Dixon wins £31m Rotherham housing deal

Over 170 homes to be built for Rother Living
2 days ago

Gaysha acquires fit-out firm GS Contracts

Latest acquisition for expanding London refurb contractor
3 days ago

More than 600 consultants fight to win framework places

EN:Procure picks 70 winners for £10m deal: Full details
3 days ago

Keep the industry updated by joining the Enquirer Directory

Membership lets construction know you are open for business as recovery gathers momentum
2 years ago

Clancy drops Docwra name and exits multi-utility work

Clancy to sharpen focus on water and energy work
3 days ago

Contractor services