Name: Lee James Spencer

Name: BALTIC HOUSE DEVELOPMENTS LIMITED AND Warwick Road Developments (Manchester) Ltd

Date of Birth: 13 / 1 / 1981

Date Order Starts: 21 / 12 / 2022

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 09721169 AND 09759311

Last Known Address: Buenos Aires, 8 Carrer Cormora,, Villa 22, Alfas Del Pi,, , Albir,,

Conduct: Between 10 August 2015 and 21 September 2016, I caused or permitted BHD to use investor deposits totalling £3,220,482, released to BALTIC HOUSE DEVELOPMENTS LIMITED ("BHD") by the Company’s solicitors to make loans and/or payments to connected companies and other third parties, for purposes other than those for which the monies had purportedly been released, and contrary to the marketing material of BHD, which stated that investors’ deposits would be ring fenced. I made insufficient enquiries into certificates issued by INCA Management Limited on behalf of Warwick Road Developments (Manchester) Ltd ("WRD") which falsely certified that build costs totalling £1,751,719.80 had been incurred where in truth only £317,384.54 had been incurred. Between 02 September 2015 and 21 September 2016, I caused or permitted WRD to use investor deposits totalling £3,514,983, released to WRD by the Company’s solicitors to make loans and/or payments to connected companies and other third parties, for purposes other than those for which the monies had purportedly been released. 

This information is correct as at 8 / 12 / 2022

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