Name: Benjamin Vale

Name: G P S (UK) LTD

Date of Birth: 17 / 7 / 1979

Date Order Starts: 8 / 12 / 2025

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 10213484

Last Known Address: 3 Hanbury Cottage, Folville Street, Ashby Folville, , MELTON MOWBRAY, LE14 2TE

Conduct: On 12 September 2019, Mr Benjamin Vale (Mr Vale) breached his fiduciary duties in respect of GPS (UK) Limited (“GPS”) by transferring the company’s main asset to a connected company at a time when Mr Vale knew the company was insolvent. • On 10 September 2019, Mr Vale received professional advice from an Insolvency Practitioner, which stated that GPS was insolvent, and it should not dispose of any assets; • On 12 September 2019, Mr Vale transferred GPS main asset, a hotel, to a connected company. The land transfer form signed by Mr Vale states that £450,000 was the consideration, but no monies were received into GPS’s bank account; • On 20 November 2019, GPS went into Creditors Voluntary Liquidation. The Statement of Affairs signed by Mr Vale shows £34,824 of assets and £576,469 of creditors; • As a result of the transfer of GPS’s main asset to a connected company, creditors in the liquidation of GPS were unfairly prejudiced. 24 November 2025 This matter has now settled by UT for a reduced tariff of 5 years. This is because the D has settled matters with the liquidator. The updated schedule of unfitness to be used is therefore as below: SCHEDULE OF UNFIT CONDUCT TO THE DISQUALIFICATION UNDERTAKING GIVEN BY BENJAMIN VALE Solely for the purposes of the CDDA and for any other purposes consequential to the giving of a disqualification undertaking, I do not dispute the following matters: ? I was a director of G P S (UK) LTD ? Which went into Creditors Voluntary Liquidation on 20 November 2019 ? With assets of £34,823.43 ? Liabilities of £576,468.56 ? A deficiency as regards creditors of £576,468.56 ? And share capital of £1 ? Making a total deficiency of £541,745.13 MATTERS OF UNFITNESS On 12 September 2019, I breached my fiduciary duties in respect of GPS (UK) Limited (“GPS”) by transferring the company’s main asset to a connected company at a time when I knew the company was insolvent. ? On 10 September 2019, I received professional advice from an Insolvency Practitioner, which stated that GPS was insolvent, and it should not dispose of any assets; ? On 12 September 2019, I transferred GPS main asset, a hotel, to a connected company. The land transfer form signed by me stated that £450,000 was the consideration, but no monies were received into GPS’s bank account; ? On 20 November 2019, GPS went into Creditors Voluntary Liquidation. The Statement of Affairs signed by me showed £34,824 of assets and £576,469 of creditors; ? On 31 July 2023, I entered into a settlement with the Joint Liquidators of GPS which led to the recovery of £177,834 for the benefit of the liquidation estate; ? As a result of the transfer of GPS’s main asset to a connected company, creditors in the liquidation of GPS were unfairly prejudiced 

This information is correct as at 9 / 12 / 2025

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