Name: Stuart Simpson

Name: All Van Rental Limited

Date of Birth: 6 / 7 / 1975

Date Order Starts: 6 / 3 / 2026

Disqualification Length: 6 Years 6 Month(s)

CRO Number: 11968309

Last Known Address: 10 Colindale Avenue, , , , ST. ALBANS, AL1 1JN

Conduct: 1.I, with a lack of commercial probity, caused All Van Rental Limited (“AVR”)to apply for AVR to be struck off the register of companies and dissolved under section1003 of the Companies Act 2006 at a time when AVR was continuing to trade, and had been trading in the 3 months prior to the application, contrary to section 1004 of the Companies Act 2006, wrongly declared that none of the circumstances in section 1004 of the Companies Act 2006 applied, and failed to ensure that AVR applied forthwith to withdraw the application, contrary to section 1009(2) of the Companies Act2006 in that: 1.1 On 13 January 2020 AVR entered two lease agreements each for the hire of a vehicle for a 2 year term. 1.2 On 3 February 2020 I entered an agreement with a company named Future Strategy Limited (“FSL”) for FSL to assist AVR with proposing a dissolution and strike off of AVR from the register of companies. The plan emailed to me to make the proposal involved, among other things, changing AVR’s registered address to the registered address of FSL in Plymouth, and notifying creditors that AVR had ceased trading. 1.3 The registered address of AVR was changed to FSL’s registered address on 11 March 2020 in accordance with the aforementioned plan. 1.4 Communicorp UK Limited (“Communicorp”), a creditor of AVR, was notified that AVR had ceased trading on 18 March 2020 in accordance with the aforementioned plan. 1.5 An application to strike AVR off the register of companies was made on 24 March 2020 in which I declared that none of the circumstances described in section 1004 and 1005 of the Companies Act 2006 existed. 1.6 I have given sworn evidence that AVR continued trading throughout 2019 and 2020, including that AVR was hiring vehicles to AO through Complete HGV Solutions Group Limited (“Complete HGV”) in January, March, April, May, June and July 2020. 1.7 I knew at the time I signed the declaration on 24 March 2020 that AVR had traded in the 3 months before I signed the declaration. I was AVR’s sole director and had signed contract hire agreements for vehicles in January 2020, and was copied into email correspondence in February and March 2020 concerning the company’s continued trading. 1.8 I ought to have known at the time I signed the declaration on 24 March 2020 that I should not have signed the declaration on 24 March 2020 to strike AVR off the register. Russell Caldwell of FSL explained to me in an email sent on 3 February 2020 that the ‘Action Plan’ FSL had created leading to the closure and striking off of AVR involved informing creditors that AVR had ceased trading. At the time I signed the declaration, I knew AVR had not ceased trading. Mr Caldwell also explained in his email to me that the ‘Action Plan’ involved FSL dealing with all correspondence regarding AVR from 3 February 2020, but I continued to instruct AVR’s staff or agents to deal with suppliers and customers. 1.9 Alternatively, I ought to have known that I should not have signed that declaration as it was a statutory requirement not to make a strike off application under section 1004 of the Companies Act 2006. 1.10 The application to strike off AVR from the register of companies was only withdrawn on 22 July 2020. 1.11 I knew at the time that AVR continued to trade between March and July 2020, that an application was being made to strike it off. Mr Caldwell told me in his email 3 February 2020 that he was informing a creditor (Communicorp) that the company had ceased trading. 1.12 I ought to have known that I should have caused AVR to apply to withdraw the strike off application during that period as I was under a statutory duty to do so. 2.I caused AVR to transfer ?50,000 of funds obtained from a Bounce Back Loan (“BBL”)from Barclays Bank to Complete HGV on 10 July 2020 otherwise than for the economic benefit of AVR, and contrary to the terms of the BBL, or to the detriment of the company’s general body of creditors, and such that I derived a benefit, in that: 2.1 In AVR’s application for a BBL dated 4 July 2020, I undertook to use the BBL funds only for the economic benefit of AVR. 2.2 The BBL funds were transferred by Barclays to AVR on 6 July 2020, and AVR transferred them in full to Complete HGV, a company in which I held shares and under the control of my wife, Laura Simpson, on 10 July 2020. Complete HGV was a company connected to AVR for the purposes of section 249 of the Insolvency Act 1986. 2.3 I have asserted in correspondence and evidence that the funds were transferred to Complete HGV as creditor of AVR. Under a general service agreement dated 1 May 2019, the companies were expected to carry out a reconciliation exercise of the net liability arising from the two companies’ respective liabilities to each other by 1 May 2020. No reconciliation exercise was carried out at that time or at all, and I have given sworn evidence that AVR made numerous hires to Complete HGV under which Complete HGV would have owed liabilities to AVR. In the absence of a reconciliation exercise, I was not in a position to know that Complete HGV was a net creditor of AVR. Page 4 of 4 2.4 On 5 March 2020 Communicorp obtained a County Court Judgement against AVR in the sum of ?16,444,27, payable forthwith, which AVR neither paid nor applied to set aside. 2.5 AVR was unable to pay its debts as they fell due from 5 March 2020 and any payment to Complete HGV did not improve its solvency such that the payment provided economic benefit to AVR. 2.6 The payment to Complete HGV was made at a time when there was an active proposal to strike off AVR from the register of companies, and when the company’s creditors had been notified that the company was no longer trading. 2.7 The payment to Complete HGV was made for no consideration, and was a transaction at undervalue for the purpose of section 238 of the Insolvency Act 1986, and detrimental to AVR’s creditors. 2.8 AVR entered voluntary liquidation on 28 July 2021. No distribution is anticipated to creditors in the liquidation of AVR, and the company’s creditors, notably Communicorp and Barclays (or the UK Business Bank as guarantor of the BBL) were prejudiced by the payment of ?50,000 to Complete HGV. 2.9 I derived benefit from the Transfer of the BBL funds to Complete HGV either (i)as a shareholder of Complete HGV until September 2024, and now of its parent company, L&S Simpson Holdings Ltd or (ii) as a shareholder of L&S Simpson Holdings Ltd, Complete HGV having paid L&S Simpson Holdings Ltd ?42,500 by 15 July 2020. Both companies continue to be active, and paid dividends to shareholders in relation to the period ending April 2021. 

This information is correct as at 13 / 2 / 2026

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