Case details for Adam Wayne Hughes

Name: Adam Wayne Hughes


Date of Birth: 10 / 7 / 1978

Date Order Starts: 10 / 8 / 2021

Disqualification Length: 13 Years 0 Month(s)

CRO Number: 07554616

Last Known Address: Unkown, , , , ,

Conduct: From at least 15 May 2017 Mr Adam Wayne Hughes (herein after referred to as Mr Hughes) caused Concorde Tyre & Exhaust Centres Ltd (hereinafter referred to as Concorde) to submit false information to an asset finance broker in order to obtain finance totalling at least £176,490.99, in that: • The asset finance broker requested proof of ownership of assets Concorde purchased from a supplier prior to releasing funds to Concorde secured against these assets; • Concorde provided the asset finance broker, by email, with a copy of an email from an employee of the supplier confirming that six invoices for the new equipment had been paid in one single payment of £243,741.60 dated 25 May 2017; • Concorde provided the asset finance broker with a bill payment confirmation from its bankers showing payment of £243,741.60 being made to the supplier on 15 May 2017 and a copy of the supplier’s Invoice number 8846631 dated 12 May 2017 for the purchase of goods totalling £74,568.00 as supporting evidence to enable the asset finance broker to release finance to Concorde; • On 26 July 2017 Concorde submitted further documentation to the asset finance broker in order to secure finance through them with two other asset finance companies. Documents included a bill payment confirmation from Concorde’s bank showing that Concorde paid the supplier £243,741.60 on 24 July 2017, six Invoices from the supplier dated 24 July 2017, one invoice dated 2 April 2014 and one invoice dated 4 April 2014. • Enquiries with the supplier by the liquidator on 11 October 2018 established that there were inaccuracies with the email provided to the asset finance broker dated 25 May 2017. The employee was a former employee of the supplier and had left their employment in August 2016. The email address for the employee was not a legitimate email address used by the supplier and the invoice numbers contained within the body of the email where incorrect. • The Liquidator has provided copies of a bank statement obtained from Concorde records for the period 27 June to 26 July 2017 showing a payment to the supplier of £243,741.60 in this period. • Copies of Concorde bank statements were obtained direct from the bank. These statements do not show any payment of £243,741.60 made to the supplier on or around 25 May 2017 or 24 July 2017. 

This information is correct as at 22 / 7 / 2021

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