PPE Medpro

Arrest made this morning

Didn't find your answer?

Just read in the news of a 46 year old man arrested as part of a NCA investigation into PPE Medpro.

Now I'm no detective, but looking at Companies House it's not difficult to guess who that may be.

Just saying, like.

Replies (16)

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By Paul Crowley
12th Jun 2024 18:31

Whoops.
I looked up the wrong Medpro

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By FactChecker
12th Jun 2024 19:38

"A 46-year-old man has been arrested as part of the National Crime Agency (NCA) investigation into PPE Medpro, the company led by Doug Barrowman, husband of Baroness Michelle Mone."

Now I know why the BBC always prints people's age ... as it continued "Baroness Mone, 52 and Mr Barrowman, 59 have denied wrongdoing." So not him then.

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Replying to FactChecker:
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By lionofludesch
13th Jun 2024 06:41

I'm not 46 either.

In case you were wondering.

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By I'msorryIhaven'taclue
13th Jun 2024 11:08

I thought fifty-six, although I could be mixing that up with Saturday's scoreline.

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RLI
By lionofludesch
13th Jun 2024 11:29

I'msorryIhaven'taclue wrote:

I thought fifty-six, although I could be mixing that up with Saturday's scoreline.

Six fifty. And I prefer to say ten to seven.

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By Jason Croke
13th Jun 2024 06:47

It'll be the someone who has been setup to be the fall guy, rich people don't go to jail.

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Replying to Jason Croke:
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By paulwakefield1
13th Jun 2024 08:05

Maybe not in this case. Our man's business has £54m net assets and made over £5m pre tax last year and he has multiple other directorships (and maybe shares -I haven't looked). I suspect his eyes were wide open to the main chance.

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Replying to paulwakefield1:
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By paulwakefield1
13th Jun 2024 08:40

Meant to add - Love the business address. "Honeypot..."

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Replying to Jason Croke:
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By lionofludesch
13th Jun 2024 10:24

Jason Croke wrote:

It'll be the someone who has been setup to be the fall guy, rich people don't go to jail.

I'd be surprised if Jeff Archer was short of a bob or two.

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By I'msorryIhaven'taclue
13th Jun 2024 10:45

Neither was Ghislaine Maxwell.

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By Jason Croke
13th Jun 2024 10:46

The Twittersphere suggests it is a Director of PPE Medpro who was also Director of Loudwater Holdings, the intermediate company that was a buffer between PPE Medpro, a Cyprus company called Nuemer Trading and a HK based company who then purchased from the Chinese factories making the PPE.

Loudwater Holdings was formed in January 2022 and went from Nil turnover to £62m by September 2022 and this was just an intermediary remember.

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Replying to Jason Croke:
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By paulwakefield1
13th Jun 2024 10:58

Yes - But that's because it acquired Loudwater Trade & Finance which had been around from 1991 and which had a turnover of £210m in 2019 (i.e. before Covid). The Holding company was formed post Covid. It only had £62m in the Holding company because it was a part year.

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Replying to paulwakefield1:
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By paulwakefield1
13th Jun 2024 11:05

The interesting year for LTF is 2021 with turnover of £358m up from £210m and back to £211m the following year.

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Replying to paulwakefield1:
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By FactChecker
13th Jun 2024 12:09

Sounds like you've got enough to be writing an article for P Eye (their 'In the back' pages) ... I'm sure they'd love to hear from you via [email protected]

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Replying to FactChecker:
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By paulwakefield1
13th Jun 2024 12:16

Where did you think I got it from ! :-) (And Companies House of course). Only took 5 minutes - a longer search might prove more interesting.

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