Name: Joanna Rebecca SEAWRIGHT

Name: SUMMERS & MAY LTD

Date of Birth: 29 / 4 / 1971

Date Order Starts: 21 / 10 / 2025

Disqualification Length: 7 Years  Month(s)

CRO Number: 11481320

Last Known Address: Crimond, Mavis Grove,, , , , DUMFRIES,, DG2 8EP

Conduct: Joanna Rebecca Seawright (“Ms Seawright”) breached her fiduciary duties and caused Summers & May Ltd (“Summers & May”) to operate with a lack of commercial probity by facilitating a scheme that sought to subvert and undermine the insolvency regime and legislation (“the Scheme”) and put the creditors of 31 companies (“the Distressed Companies”), acquired via referral from Atherton Corporate (UK) Ltd or Atherton Corporate Rescue Limited (“Atherton”), at risk of fraud in that: The Scheme • Atherton advertised a corporate rescue service by which directors of Distressed Companies were encouraged to sell their businesses as an “alternative” to entering formal insolvency proceedings • Between 07 April 2023 and 11 September 2023, Summers & May acquired 31 Distressed Companies via referral from Atherton • The Distressed Companies were presented to Summers & May by Atherton, its director and the former directors of the Distressed Companies as being insolvent and holding no assets • As the sole director of Summers & May, Ms Seawright signed a share purchase agreement (SPA) on behalf of Summers & May and subsequently became the sole director of each of the Distressed Companies • Atherton paid a fee to a limited company of which Ms Seawright was the sole director and shareholder • Only after signing the SPAs did Ms Seawright arrange for an email to be sent to the former directors, requesting confirmation that the Distressed Companies were insolvent, held no assets, and asking for their books and records • Once acquired, the Distressed Companies did not trade and Ms Seawright either entered into another SPA on behalf of Summers & May in which some of the Distressed Companies were sold to a company of which her relative was the sole director and shareholder, or Ms Seawright waited for them to be struck off, or for a creditor to petition for their liquidation or administration Breach of fiduciary duties • In causing Summers & May to facilitate the Scheme, Ms Seawright breached her fiduciary duties to Summers & May, in that: VII. Prior to Summers & May acquiring the Distressed Companies, Ms Seawright failed to independently verify the true financial position of each VIII. Ms Seawright relied wholly upon representations made by Atherton, its director, and former directors of the Distressed Companies, thereby not exercising independent judgement IX. Absent any independent checks, Ms Seawright displayed insufficient care, skill, and due diligence in signing the SPAs on behalf of Summers & May and acquiring the Distressed Companies referred via Atherton X. Upon acquisition, no assets were transferred to Summers & May despite filed year end accounts for the Distressed Companies detailing assets totalling £12,670,452 and thereafter, Ms Seawright failed to carry out any independent investigations to identify whether the Distressed Companies still held such assets, or how they had otherwise been disposed of by the Distressed Companies prior to their acquisition XI. The acquisition of the Distressed Companies, which purportedly held no assets, had combined debts of at least £38,160,114, and were not traded post-acquisition, failed to promote the success of, and provided no tangible commercial benefit to Summers & May XII. Summers & May’s participation in the Scheme resulted in it being wound up in the public interest upon 27 August 2024 upon petition of the Secretary of State Frustration of the insolvency regime and legislation • In causing Summers & May to facilitate the Scheme, Summers & May frustrated the insolvency regime and legislation, in that: VI. The last filed accounts for the Distressed Companies showed that prior to acquisition, 12 were balance sheet insolvent, 16 were balance sheet solvent and three had not filed accounts VII. Five of the Distressed Companies acquired by Summers & May have since entered liquidation (“the Five Companies”). VIII. The longest period between acquisition and the Distressed Company entering liquidation was 280 days IX. The combined value of assets held by the Five Companies had reduced by £6,6304,140 upon formal insolvency, from £6,634,144 according to their last set of filed accounts prior to acquisition by Summers & May, to £4 at liquidation X. To date, the liquidators of the Five Companies have been able to realise assets totalling approximately £4 for the benefit of creditors, whose combined claims total £2,309,148 

This information is correct as at 2 / 10 / 2025

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