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Michelle Mone-Linked Firm PPE Medpro Owes £39m in Tax
PPE Medpro must pay £148 million for supplying uncertified gowns and owes £39 million in unpaid taxes, totaling £187 million to the UK government.
- On Tuesday, administrators' filings revealed PPE Medpro owes 39m to HMRC on top of the 148 million it was ordered to pay the UK government.
- A court ruling last month concluded PPE Medpro breached its contract by supplying 25 million gowns that failed sterility certification after being set up in May 2020 and recommended by Baroness Michelle Mone.
- The company's ownership and profit disclosures show Doug Barrowman said he was the ultimate beneficial owner and received more than 60m in profits, while shares are held by Arthur Lancaster, accountant.
- Health Secretary Wes Streeting said the Government would pursue PPE Medpro "with everything we've got" after last month, while consortium partners signalled readiness to enter talks via administrators on October 11.
- Available funds reveal PPE Medpro has 672,774 to unsecured creditors, while Angelo holds a 1m secured debt, expected to be fully paid, as the administrators' report shows.
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The IndependentReposted by 
The Independent (US)
The Independent (US)Company linked to Michelle Mone owes £39m in tax, new documents reveal
The company has already been ordered to pay the government £148 million for breaching a PPE contract
·London, United Kingdom
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Evening Standard+5 Reposted by 5 other sources
Michelle Mone-linked firm PPE Medpro owes £39m in tax
The company has already been ordered to pay the Government £148 million for breaching a PPE contract.
·London, United Kingdom
Read Full Article
PPE Medpro goes into administration as Baroness Mone-linked company owes taxman £39m - The Mirror
PPE Medpro owes HMRC £39m on top of the £148m in damages, costs and interests, owed to the Department of Health after the company lost a lawsuit over non-sterile gowns
·London, United Kingdom
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Total News Sources14
Leaning Left9Leaning Right0Center3Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
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