Leave.EU goes into liquidation, leaving debt to data regulator

Bristol World reports:

Pro-Brexit lobby group Leave.EU has gone into liquidation with debts of more than £7m, documents submitted to Companies House show.

The body was co-founded by Arron Banks as a support group for Nigel Farage and his campaign to leave the European Union…

It made ‘serious breaches’ of electronic marketing laws by sending subscribers more than a million emails which included marketing for GoSkippy insurance brand.

Almost 300,000 emails containing a Leave.Eu newsletter were also sent to customers of the same company.

The group was subsequently fined £70,000 – and then lost an appeal against the fines last year.

Now it has emerged that the group, which was last registered to Henleaze Business Centre, has gone into liquidation owing a total £7.1m. That includes a £7m debt to Mr Banks, who loaned the group £6m… The group also owes £52,050 in fines to the [data regulator] Information Commissioners’ Office.

How very symbolic.

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2 responses to “Leave.EU goes into liquidation, leaving debt to data regulator”

  1. How does this square with electoral law? And insolvency law?
    Presumably Leave.EU has declared how it spent Arron Banks’ £7m to the Electoral Commission. Has it got any assets left?
    But further, was there any foreseeable means by which Leave.EU could be expected to recover the £7m it spent on the Brexit campaign? Despite that, will Arron Banks try to or be able to declare the £7m as a tax-deductible business loss rather than an outright donation?

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