Case details for Boington Anthony GRANT

Name: Boington Anthony GRANT


Date of Birth: 8 / 3 / 1963

Date Order Starts: 6 / 12 / 2022

Disqualification Length: 13 Years 0 Month(s)

CRO Number: 09737373

Last Known Address: First floor flat,, 14 Princess Road,, , , LONDON,, NW1 8JJ

Conduct: Between 09 September 2015 and 12 July 2019, Boington Anthony Grant (“Mr Grant”) caused and/or allowed Management and Consulting Partners Unlimited (“MCPU”) to trade in a manner which lacked commercial probity in that MCPU failed to purchase and/or allocate enough wine to satisfy the investments made by its investors. • Investments totalling at least £3,986,101 have been traced into MCPU’s bank accounts between the period 09 September 2015 and 12 July 2019 which are broken down as: o Payments totalling £1,399,991 from 96 known investors into MCPU’s bank accounts. o Payments totalling £2,586,110 deposited directly into MCPU’s bank accounts which appear to be credits from investors due to the description, amount and frequency of the payments. • The Administrator has recovered wine from the bonded warehouse to the value of £2,100,885. The wine was not identified as belonging to investors but notwithstanding this the Administrator has accepted claims against it. • Records provided by the Administrator show that of the 96 known investors: o 35 were able to recover some of their wine from the bonded wine warehouse to the value of £553,313. o Therefore, at least £846,678.49 remains outstanding to the 96 known investors in the administration. • MCPU’s bank statements show that two payments were made to a wine supplier of £10,000 and £3,600 on 09 and 12 October 2015. • During the period within which there is insufficient evidence that MCPU purchased sufficient wine to fulfil the investments, MCPU’s bank statements show that it made payments as follows, which investors were not made aware of: o £570,520 in respect of commission payments to self-employed sales agents. o £418,668 to a company connected to a third party associated with, in respect of ‘Consultation fees’ the purpose of which has not been determined. o £341,010 in respect of foreign currency transfers. He states these payments were in respect of an unsuccessful attempt to expand MCPU’s business in the USA and Columbia, although he has failed to provide any documentary evidence of this. o £230,900 in respect of legal fees in relation to enforcement action taken against a third party associated with him. o £140,879 of non-business related expenditure. o £137,700 paid directly to a third party associated with him. o £117,159 of cash withdrawals in the following currencies; British pounds, US dollars, Euros, Bahamian dollars, Swiss francs and Turkish lira. o £113,841 to a business credit card of which expenditure totalling £105,051 was incurred by a third party associated with him. o £75,013 in respect of airline and Eurostar tickets. Summary As a result of MCPU failing to purchase sufficient and/or allocate sufficient wine to satisfy the investments made, at least £1,885,216 remains outstanding to the investors in the Administration. Wine investments are not regulated by the Financial Conduct Authority and therefore the investors are not protected by the Financial Services Compensation Scheme. 

This information is correct as at 16 / 11 / 2022

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