Case details for SEAN GERRARD MURRAY


Name: CHF 9 LTD

Date of Birth: 15 / 3 / 1966

Date Order Starts: 12 / 5 / 2022

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 11023151

Last Known Address: 34 Oaks Drive, St. Leonards,, , , , RINGWOOD,, BH24 2QT

Conduct: Between 17 January 2018 and 16 March 2019, as a director, Sean Gerrard Murray (“Mr Murray”) was responsible for CHF9 Limited (“CHF 9”) entering into 51 sales contracts with investors for care studios in a Grade II* listed building at a time that formal planning permission was not applied for or approved in that: ? CHF 9 purchased a Grade II* listed building on 27 November 2017 for £350,000 (plus costs of £5,140) and the surrounding land on 8 December 2017 for £495,000 (plus costs of £7,529). CHF9 required planning permission from the Local Authority before any changes could be made to the interior or exterior of the building; ? CHF9 Ltd met with the Local Authority on 8 November 2017 (following exchange of contracts). During the meeting, CHF 9 made reference to 80 studios being created in the main building and the adjoining land; the Local Authority made it clear they could see no way how this quantum of development could be delivered and suggested a number between 10 and 15 studios/ apartments in the main building in their view; ? An Investment Proposal brochure dated December 2017 was produced by the design and development department detailing development plans for the listed building, including reference to around 45 apartments within the building and 40+ apartments in the grounds; ? According to HM Land Registry Between 17 January 2018 and 16 March 2019 CHF9 completed the sale of 51 care studios for £8,166,010; ? The Local Authority confirmed that CHF 9 did not submit any formal applications for planning permission or any pre-application advice on the main house or the adjoining land; ? None of the sale proceeds were paid directly into the bank account of CHF 9; ? From an analysis of the parent company’s bank account, £3,316,139 has been clearly identified as being paid into the bank account of the parent company of which at least £2,801,642 was clearly identified as being received from solicitors acting on behalf of CHF 9 in the sale of care studios; ? In the period 5 March 2018 to 12 June 2019 £1,035,726 was paid into CHF 9’s bank account of which £1,024,687 originated from the parent company bank account; ? In the period 28 February 2018 to 31 December 2019 £1,040,910 was paid out of CHF 9’s bank account; ? The mortgages were redeemed on 1 February 2018. Repayments and redemption costs totalled £19,041; ? The Joint Administrator’s specialist property agent stated there was no evidence of any refurbishments works to the building but works had commenced on the building roof to make the building water tight; ? The Joint Administrators specialist property agent estimated in their view it would take in excess of £10milion to renovate the property to be fit for occupation; ? On 28 November 2019 the parent company entered into administration; ? 15 out of 16 Investors who have responded to enquiries have confirmed they would not have purchased the units had they been aware CHF9 did not have planning permission with the 16th stating they probably would not have invested. ? According to HM Land Registry Hall and land were sold on 30 July 2020 for £100,000 and £210,000 respectively; ? At liquidation investors are due £8,166,010 although claims of £2,979,383 have been received and other creditors total £69,024. 

This information is correct as at 26 / 4 / 2022

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