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Inspired Asset Management in administration with Martin Skinner sent to jail

Two companies run by the property developer Martin Skinner were put into Administration on the 30th August 2019. The companies are Inspired Asset Management Ltd. and Inspired Developments (London) plc.

Inspired Asset Management website states that Georgina Easton and Michael Sanders of MHA MacIntyre Hudson have been appointed as Joint Administrators. The contact email address for enquiries is: inspired@mhllp.co.uk or to contact Kimberley Reid on 0207 429 0568.

The above situation is linked to a recent court case on the 21st August 2019 at Worthing Magistrates Court where the London-based property developer Martin Skinner was found guilty of careless driving and of failing to provide a ‘specimen for analysis’. Despite changing his plea at court to being ‘guilty’, Mr Skinner was subsequently sentenced to 22 months imprisonment, banned from driving until May 2022 and ordered to pay fines and costs.

This judgment followed an incident involving a Porsche sports car, which had hit a tree on the A281 in Rudgwick on the 24th August 2018. Sussex Police reported that a female passenger in the vehicle driven by Mr Skinner was airlifted with serious injuries to Kings College Hospital in London where she was then placed into an induced coma for a week.

Martin Skinner is a well-known figure in property development circles having received numerous plaudits, widespread press coverage and industry awards for his residential development schemes, primarily in south London in recent years.

In July this year Mr Skinner posted on social media about the trading difficulties that his companies had been facing in the previous year and that many of his staff had recently left. He stated that he had formed a new team, comprising of friends, supporters and volunteers and that he was working “flat out” to complete sales on a large number of apartment units.   

According to MHA MacIntyre Hudson, the two Inspired companies now in administration have potential assets of £100 million.

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