"The Department of Health and Social Care (DHSC) applied for PPE Medpro to be wound up at a high court hearing on Thursday, arguing that the company was hopelessly insolvent and should not continue in administration. Mone's husband, the Isle of Man-based businessman Doug Barrowman, owned PPE Medpro, which was awarded two contracts worth 203m to supply PPE after Mone approached Michael Gove, the then Cabinet Office minister, in May 2020."
"In October, the DHSC won a high court judgment that the 25m gowns PPE Medpro supplied under the second contract, for which it was paid 122m, were not certified to be sterile, as required. On 30 September, the day before the judgment was made public, the company was placed into administration by a private trust company registered in the Isle of Man linked to Barrowman. The DHSC has said that, including interest and costs, it is now owed 148m."
"The DHSC opposed proposals set out by the administrators last month for managing the company and seeking to recover money, and instead applied for PPE Medpro to be wound up. In its proposals, the administrators did not detail where PPE Medpro's money from the government contracts had gone, but said: A review of the company's bank statements reflects a small number of entities that have received the vast majority of funds from the company's bank accounts."
PPE Medpro, owned by Isle of Man-based Doug Barrowman and linked to Michelle Mone, has been placed into liquidation after the Department of Health and Social Care applied to wind it up. The company received two contracts worth 203m to supply PPE after Mone approached Michael Gove in May 2020, with the contracts processed via the VIP lane. A high court found that 25m gowns supplied under the second contract were not certified sterile; the company was placed into administration the day before that judgment. The DHSC says it is owed 148m including interest and costs. HMRC has lodged a 39m tax claim. Administrators noted most contract funds went to a small number of entities but did not detail the destinations.
Read at www.theguardian.com
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