Name: DAVID SAMUEL  ANTROBUS

Name: OLDCOFT LTD (FORMERLY FT (OPS) LIMITED AND ASTONBEST LIMITED) & OLD3 LTD (FORMERLY FRESH THINKING GROUP LIMITED)

Date of Birth: 13 / 9 / 1986

Date Order Starts: 25 / 12 / 2025

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 12077796&11169385

Last Known Address: 10 Wadlow Close,, , , , SALFORD,, M3 6WD

Conduct: OLDCOFT LTD 1. From 15 July 2021 David Samuel Antrobus breached his duties as a director in relation to OLDCOFT LTD (“OLDCOFT”) in that: • On 22 March 2021 and 23 April 2021 respectively, as sole de jure director Mr Antrobus signed bank account application forms OLD3 LTD and OLDCOFT, naming a third-party individual as “Primary Contact”. • On 06 April 2021, a current account was opened for OLD3 (“OLD3’s account”). On 18 May 2021, two bank accounts were opened for OLDCOFT: a current account, and a Euro currency account (“the accounts”). • The accounts were used between 27 April 2021 and 30 September 2021, and as sole de jure director, Mr Antrobus failed to adequately monitor their use. • Between 15 July 2021 and 24 September 2021, Mr Antrobus allowed the receipt by OLDCOFT to the OLDCOFT current account and retention by OLDCOFT of transfers totalling the net sum of £13,984,319 from accounts in the name of ten connected companies, such sums being funded by unarranged overdrafts. • Between 15 July 2021 and 24 September 2021, Mr Antrobus allowed net payments from the OLDCOFT current account totalling £11,755,582, of which £7,534,260 was further transferred to OLD3’s account, £1,675,000 was paid to Mr Dylan, who was acting as a director of OLDCOFT and at least a further £1,545,986 was to other connected companies. • On 24 September 2021, the accounts (and the accounts of the ten connected companies) were frozen by the bank, who launched an investigation, asking Mr Antrobus and the Primary Contact to explain: a) why the transfers were made; and b) where the sum of £13,576,312 (the total excess position suffered by the bank in respect of the 10 connected companies) had gone. • Between 04 August 2021 and 31 August 2021, an unarranged overdraft on the Euro account was used to fund 37 transfers totalling €1,795,000 Euros to a relative of the Primary Contact. On 17 September 2021, a further payment of €42,750 Euros was made from the Euro account, leaving a €1,839,144 Euros overdrawn balance (including bank charges). • On 07 October 2021 the bank made demand for immediate repayment of the overdrawn companies’ overdrafts. On 02 November 2021, the ten connected companies entered provisional liquidation. On 11 November 2021, the provisional liquidators of the ten companies issued OLDCOFT with a repayment demand for £13,743,318.69 owed by OLDCOFT in respect of the total sum transferred by the ten connected companies. Further, on 12 November 2021 one of the companies, OLDCOA Ltd, by its joint provisional liquidators, presented a Winding up petition against OLDCOFT for the sum of £2,017,986. • No repayment was made and on 26 January 2022 OLDCOFT entered compulsory liquidation with a deficiency of £44,177,558. The bank has submitted a claim in the liquidation totalling £13,734,717 (excluding interest) in respect of the sum OLDCOFT received from connected companies. • On 28 April 2022, OLD3 entered administration with an estimated deficiency of £8,200,099. The transfers to OLDCOFT’S account and payments made from the accounts were not in OLDCOFT’S best interests and were not likely to promote its success, in breach of s172 Companies Act 2006, in particular in that: a) there was no genuine commercial basis or reason for OLDCOFT to receive the net sum of £13,733,318.69 and/or b) by allowing OLDCOFT to receive the net sum, OLDCOFT thereby became indebted by way of inter-company loan to the ten connected companies or some of them; and/or there was a risk that demand for immediate repayment of the overdrawn accounts would be made and therefore that demand would be made of OLDCOFT for repayment of such inter-company loans. Despite this, no provision was made as to how OLDCOFT would repay; and/or c) there was no genuine commercial basis or reason for OLDCOFT to make transfers totalling £11,755,582; and/or d) the explanation given by Mr Dylan for the transfers of €1,795,000 from €1,795,000 from OLDCOFT’S euro account to a relative was that they acted as an intermediary in relation to the opportunity to acquire a Turkish hotel. There is no evidence that these sums were expended in the interests of OLDCOFT in that the joint liquidators of OLDCOFT have been unable to obtain evidence that the purchase was completed and it is not known what happened to the funds transferred to the relative; and/or e) Mr Antrobus should have known that the payments made by OLDCOFT from funds received by it from the unarranged overdrafts of the ten companies and paid outside the group companies would put at risk funds belonging to the bank and lead to breaches of the banking terms by the ten connected companies. Further or in the alternative, in allowing the transfers and payments, Mr Antrobus failed to act with reasonable care, skill and diligence in breach of s174 Companies Act 2006, in particular in that: i) By allowing the receipt of the net sum, OLDCOFT thereby became indebted by way of inter-company loan to the ten connected companies or some of them; and/or ii) There was a risk that demand for immediate repayment of the overdrawn accounts would be made and therefore that demand would be made of OLDCOFT for repayment of such inter-company loans. Despite this, no provision was made as to how OLDCOFT would repay; and/or iii) Mr Antrobus allowed OLDCOFT to receive into its account, retain and make payments out a net sum of £11,755,582, which I should have known were from the unarranged overdrafts. Despite this, I took no steps to protect OLDCOFT by taking steps to secure due to OLDCOFT from companies to which payments had been made. 2. Between 15 July 2021 and 24 January 2022, whilst appointed sole de jure director, Mr Antrobus failed to ensure that OLDCOFT maintained and/or preserved adequate accounting records, or in the alternative failed to deliver up such records as requested to the liquidator. As a result, it has not been possible to: ? Verify the nature and activities of OLDCOFT’s business; ? Show and explain the nature of payments totalling £31,316,810 made in the period between 15 July 2021 and 24 September 2021 from OLDCOFT’s current account, the majority of which were made to connected companies; and ? As at the date of liquidation, establish OLDCOFT’s true financial position, including the legitimacy of claims made by connected companies and the accuracy of the £15,630,716 estimated deficiency. OLD3 LTD From 15 July 2021 Mr Antrobus breached his duties as a director in relation to OLD3 LTD ("OLD3") in that: • On 22 March 2021 and 23 April 2021 respectively, as sole de jure director Mr Antrobus signed bank account application forms for OLD3 and OLDCOFT, naming a third party as "Primary Contact." • On 6 April 2021, a current account was opened for OLD3 ("OLD3's account"). Mr Antrobus failed to monitor its use. • Between 15 July 2021 and 24 September 2021, Mr Antrobus allowed the receipt by OLDCOFT to the OLDCOFT current account, and retention by OLDCOFT, of transfers totalling the net sum of £13,984,319 from accounts in the name of ten connected companies, such sums being funded by unarranged overdrafts. • Between 15 July 2021 and 24 September 2021, Mr Antrobus allowed OLD3 to receive and retain payments from the OLDCOFT current account totalling £7,534,260. • On 24 September 2021, the accounts (and the accounts of the ten connected companies) were frozen by the bank, who launched an investigation, asking Mr Antrobus and the Primary Contact to explain (a) why the transfers were made; and (b) where the sum of £13,576,312 (the total excess position suffered by the bank in respect of the ten connected companies) had gone. • On 7 October 2021 the bank made demand for immediate repayment of the overdrawn companies' overdrafts. On 2 November 2021, the ten connected companies entered provisional liquidation. On 11 November 2021, the provisional liquidators of the ten companies issued OLDCOFT with a repayment demand for £13,743,318.69 owed by OLDCOFT in respect of the total sum transferred by the ten connected companies. Further, on 12 November 2021 one of the companies, OLDCOA Ltd, by its joint provisional liquidators, presented a Winding up petition against OLDCOFT for the sum due of £2,017,986. • On 28 April 2022, OLD3 entered administration with an estimated deficiency of £8,200,099. • The transfers to OLD3's account and payments made from the account were not in OLD3's best interests and were not likely to promote its success, in breach of s172 Companies Act 2006, in particular in that: a) there was no genuine commercial basis or reason for OLD3 to receive the sum of £7,421,123 from OLDCOFT; and/or b) by receiving the net sum, OLD3 thereby became indebted by way of inter-company loan to OLDCOFT; and/or c) there was a risk that demand for immediate repayment of the overdrawn accounts would be made and therefore that demand would be made of OLCOFT for repayment of such inter-company loans and ultimately of OLD3. Despite this, no provision was made as to how OLD3 would repay; and/or d) there was no genuine commercial basis or reason for OLD3 to make transfers totalling £4,893,504 to another connected company; e) there was no genuine commercial basis or reason for OLD3 to make transfers totalling £2,660,000 to a third party in respect of 'B'. B was a business acquired by another group company, and yet it used funds provided by OLD3 to do so. This gave no benefit to OLD3; f) Mr Antrobus should have known that payments made by OLD3 from funds received by it from the unarranged overdrafts of the ten companies and paid outside the group companies would put at risk funds belonging to the bank and lead to breaches of the banking terms by the ten connected companies. Further or in the alternative, in allowing the transfers and payments, Mr Antrobus failed to act with reasonable care, skill and diligence in breach of s174 Companies Act 2006, in particular in that: • By receiving the net sum, OLD3 thereby became indebted by way of inter-company loan to OLDCOFT; and/or • There was a risk that demand for immediate repayment of the overdrawn accounts would be made and therefore that demand would be made of OLDCOFT for repayment of such inter¬company loans and in turn of OLD3. Despite this, no provision was made as to how OLD3 would repay; and/or • Mr Antrobus allowed OLD3 to receive into its account, retain and make payments out from a net sum of £7,534,260, which I knew or should have known was from unarranged overdrafts. Despite this, Mr Antrobus took no steps to protect OLD3 by taking steps to secure sums due to it or enable recovery by it from companies to which payments had been made. 

This information is correct as at 11 / 12 / 2025

Name: OLDCOFT LTD (FORMERLY FT (OPS) LIMITED AND ASTONBEST LIMITED) & OLD3 LTD (FORMERLY FRESH THINKING GROUP LIMITED)

Date of Birth: 3 / 2 / 1984

Date Order Starts: 25 / 12 / 2025

Disqualification Length: 13 Years 0 Month(s)

CRO Number: 12077796&11169385

Last Known Address: 14 Wadlow Close,, , , , SALFORD,, M3 6WD

Conduct: OLDCOFT LTD Whilst acting as a director from 15 July 2021 Scott Dylan (“Mr Dylan”) breached his duties as a director in relation to OLDCOFT LTD (“OLDCOFT”) in that: • On 22 March 2021 and 23 April 2021 respectively, the de jure director signed bank account application forms for OLD3 and OLDCOFT, naming Mr Dylan as “Primary Contact” and a “controlling party”. • On 6 April 2021, a current account was opened for OLD3 (“OLD3’s account”). On 18 May 2021, two bank accounts were opened for OLDCOFT: a current account, and a Euro currency account. Mr Dylan was a signatory for these accounts and had access to them via an online banking facility. • Between 15 July 2021 and 24 September 2021, Mr Dylan caused or allowed the receipt by OLDCOFT to the OLDCOFT current account and retention by OLDCOFT of transfers totalling the net sum of £13,984,319 from accounts in the name of ten connected companies, such sums being funded by unarranged overdrafts. • Mr Dylan knew or should have known that the said transfers to the OLDCOFT account were wholly from unarranged overdrafts of the connected companies. • Mr Dylan further knew or should have known that the bank could make demand to the ten connected companies for immediate repayment of the unarranged overdrafts. • Between 15 July 2021 and 24 September 2021, Mr Dylan caused or allowed net payments from the OLDCOFT current account totalling £11,755,582, of which £7,421,123 was further transferred to OLD3’s account, £1,675,000 was paid to Mr Dylan himself and at least a further £1,545,986 was to other connected companies. • On 24 September 2021, the accounts (and the accounts of the ten connected companies) were frozen by the bank, who launched an investigation, asking Mr Dylan and the de jure director to explain: a) why the transfers were made; and b) where the sum of £13,576,312 (the total excess position suffered by the bank in respect of the ten connected companies) had gone. • Between 4 August 2021 and 31 August 2021, Mr Dylan caused or allowed the unarranged overdraft on the Euro account to fund 37 transfers totalling €1,795,000 Euros to a connected party. On 17 September 2021, a further payment of €42,750 Euros was made from the Euro account, leaving a €1,839,144 Euros overdrawn balance (including bank charges). • On 7 October 2021 the bank made demand for immediate repayment of the overdrawn companies’ overdrafts. On 2 November 2021, the ten connected companies entered provisional liquidation. On 11 November 2021, the provisional liquidators of the ten companies issued OLDCOFT with a repayment demand for £13,743,318.69 owed by OLDCOFT in respect of the total sum transferred by the ten connected companies. Further, on 12 November 2021 one of the companies, OLDCOA Ltd, by its joint provisional liquidators, presented a winding up petition against OLDCOFT for the sum due of £2,017,986. • No repayment was made and on 26 January 2022 OLDCOFT entered compulsory liquidation with an estimated deficiency of £44,177,558. The bank has submitted a claim in the liquidation totalling £13,734,717 (excluding interest) in respect of the sum OLDCOFT received from connected companies. • On 28 April 2022, OLD3 entered administration with an estimated deficiency of £8,200,099. • The transfers to OLDCOFT’S account and payments made from the accounts were not in OLDCOFT’S best interests and were not likely to promote its success, in breach of s172 Companies Act 2006, in particular in that: a) there was no genuine commercial basis or reason for OLDCOFT to receive the net sum of £13,743,318.69; and/or b) by receiving the net sum, OLDCOFT thereby became indebted by way of inter-company loan to the ten connected companies or some of them and/or there was a risk that demand for immediate repayment of the overdrawn accounts would be made and therefore that demand would be made of OLDCOFT for repayment of such inter-company loans. Despite this, no provision was made as to how OLDCOFT would repay; and/or c) there was no genuine commercial basis or reason for OLDCOFT to make transfers totalling £11,755,582 and/or d) the explanation given by Scott Dylan for the transfers of €1,795,000 from OLDCOFT’s euro account to a connected party is that they acted as an intermediary in relation to the opportunity to acquire a Turkish hotel. However, there is no evidence that these sums were expended in the interests of OLDCOFT in that the joint liquidators of OLDCOFT have been unable to obtain evidence that the purchase was completed and it is not known what happened to the funds transferred to the connected party; and/or e) Mr Dylan knew or should have known that payments made by OLDCOFT from funds received by it from the unarranged overdrafts of the ten companies and paid outside the group companies would put at risk funds belonging to the bank and lead to breaches of the banking terms by the ten connected companies. Further or in the alternative, in causing or allowing the transfers and payments, Mr Dylan failed to act with reasonable care, skill and diligence in breach of s174 Companies Act 2006, in particular in that: • By receiving the net sum, OLDCOFT thereby became indebted by way of inter-company loan to the ten connected companies or some of them; and/or • There was a risk that demand for immediate repayment of the overdrawn accounts would be made and therefore that demand would be made of OLCOFT for repayment of such inter-company loans. Despite this, no provision was made as to how OLDCOFT would repay; and/or • He allowed OLDCOFT to receive into its account, retain and make payments out a net sum of £11,755,582, which he knew or should have known was from unarranged overdrafts. Despite this, he took no steps to protect OLDCOFT by taking steps to secure sums due to OLDCOFT from companies to which payments had been made. Further, or in the alternative, in breach of s172(1)(e) Companies Act 2006, in acting as a director and/or in the management of OLDCOFT, Mr Dylan breached the Undertaking he gave to the Court, as detailed in the Order of District Judge Matharu dated 23 March 2020; the terms of which, inter alia, precluded him from acting as a director of a company and in any way, whether directly or indirectly being concerned or taking part in the promotion, formation or management of a company. OLD3 LTD Whilst acting as a director from 15 July 2021 Scott Dylan breached his duties as a director in relation to OLD3 LTD (“OLD3”) in that: • On 22 March 2021 and 23 April 2021 respectively, the de jure director signed bank account application forms for OLD3 and OLDCOFT, naming Mr Dylan as “Primary Contact” and a “controlling party”. • On 6 April 2021, a current account was opened for OLD3 (“OLD3’s account”). Mr Dylan was a signatory for this account and had access to it via an online banking facility. • Between 15 July 2021 and 24 September 2021, Mr Dylan caused or allowed, the receipt by OLDCOFT to the OLDCOFT current account, and retention by OLDCOFT, of transfers totalling the net sum of £13,984,319 from accounts in the name of ten connected companies, such sums being funded by unarranged overdrafts. • Mr Dylan knew or should have known that the said transfers to the OLDCOFT account were wholly from unarranged overdrafts of the connected companies. • Mr Dylan further knew or should have known that the bank could make demand to the ten connected companies for immediate repayment of the unarranged overdrafts. • Between 15 July 2021 and 24 September 2021, Mr Dylan caused or allowed OLD3 to receive and retain payments from the OLDCOFT current account totalling £7,534,260. • Mr Dylan knew or should have known that the said transfers to OLD3 were from funds derived from the unarranged overdrafts of the connected companies. • On 24 September 2021, the accounts (and the accounts of the ten connected companies) were frozen by the bank, who launched an investigation, asking Mr Dylan and the de jure director to explain: a) why the transfers were made; and b) where the sum of £13,576,312 (the total excess position suffered by the bank in respect of the ten connected companies) had gone. • On 7 October 2021 the bank made demand for immediate repayment of the overdrawn companies’ overdrafts. On 2 November 2021, the ten connected companies entered provisional liquidation. On 11 November 2021, the provisional liquidators of the ten companies issued OLDCOFT with a repayment demand for £13,743,318.69 owed by OLDCOFT in respect of the total sum transferred by the ten connected companies. Further, on 12 November 2021 one of the companies, OLDCOA Ltd, by its joint provisional liquidators, presented a winding up petition against OLDCOFT for the sum due of £2,017,986. • On 28 April 2022, OLD3 entered administration with an estimated deficiency of £8,200,099. • The transfers to OLD3’s account and payments made from the account were not in OLD3’s best interests and were not likely to promote its success, in breach of s172 Companies Act 2006, in particular in that: a) there was no genuine commercial basis or reason for OLD3 to receive the sum of £7,421,123 from OLDCOFT; and/or b) by receiving the net sum, OLD3 thereby became indebted by way of inter-company loan to OLDCOFT; and/or c) there was a risk that demand for immediate repayment of the overdrawn accounts would be made and therefore that demand would be made of OLCOFT for repayment of such inter-company loans and ultimately of OLD3. Despite this, no provision was made as to how OLD3 would repay; and/or d) there was no genuine commercial basis or reason for OLD3 to make transfers totalling £4,893,504 to another connected company; e) there was no genuine commercial basis or reason for OLD3 to make transfers totalling £2,660,000 to a third party in respect of ‘B’. B was a business acquired by another group company, and yet it used funds provided by OLD3 to do so. This gave no benefit to OLD3; f) Mr Dylan knew or should have known that payments made by OLD3 from funds received by it from the unarranged overdrafts of the ten companies and paid outside the group companies would put at risk funds belonging to the bank and lead to breaches of the banking terms by the ten connected companies. Further or in the alternative, in causing or allowing the transfers and payments, Mr Dylan failed to act with reasonable care, skill and diligence in breach of s174 Companies Act 2006, in particular in that: • By receiving the net sum, OLD3 thereby became indebted by way of inter-company loan to OLDCOFT; and/or • There was a risk that demand for immediate repayment of the overdrawn accounts would be made and therefore that demand would be made of OLDCOFT for repayment of such inter-company loans and in turn of OLD3. Despite this, no provision was made as to how OLD3 would repay; and/or • He allowed OLD3 to receive into its account, retain and make payments out from a net sum of £7,534,260, which he knew or should have known was from unarranged overdrafts. Despite this, he took no steps to protect OLD3 by taking steps to secure sums due to it or enable recovery by it from companies to which payments had been made. • Further, or in the alternative, in breach of s172(1)(e) Companies Act 2006, in acting as a director and / or in the management of OLD3, Mr Dylan breached the Undertaking he gave to the Court, as detailed in the Order of District Judge Matharu dated 23 March 2020; the terms of which, inter alia, precluded him from acting as a director of a company and in any way, whether directly or indirectly being concerned or taking part in the promotion, formation or management of a company. 

This information is correct as at 11 / 12 / 2025

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