Stephen Hinchliffe

Quick Facts

Full Name	Stephen Hinchliffe
Occupation	Businessman
Date Of Birth	Jan 2, 1950(1950-01-02)
Age	74
Birthplace	Sheffield
Country	United Kingdom
Birth City	England
Horoscope	Capricorn

Stephen Hinchliffe Biography

Stephen Hinchliffe is one of the most popular and richest Businessman who was born on January 2, 1950 in Sheffield, England, United Kingdom. Stephen Leonard Hinchliffe (born 2 January 1950 in Sheffield) is an English businessman from Sheffield who was the creator of the retail empire that was once called the Facia group, which had up to 850 stores when it went under in 1996. He was director of over 60 businesses. He was imprisoned between 2001 and 2003, for both bribery as well as fraud.

In August 1994, he transferred the remaining part of Wilkes to the engineering group Suter Plc (now part of Dow) and was granted the PS3m credit through John Doherty, chief lending officer for the London branch of United Mizrahi Bank, Israel’s fourth-largest bank. The money was used to purchase Salisbury’s chain, which sells leather products from Signet (formerly Ratners) for PS3.18m (Ratner had paid more than that six years prior). This purchase also was supported by Murray Johnstone, a fund management firm. This transaction was the foundation of the Hinchliffe’s Facia group. His private company that managed his personal finances included Chase Montagu, which was paid for by Facia.

Facia group did not file accounts in 1996 and attempted to change the terms of the rental agreement on the shops. United Mizrahi Bank decided to withdraw from lending, auditors including Deloitte and Touche declined to sign off the 1994/5 accounts for Sock Shop and Salisbury’s, and the former owners and leasers of Saxone, Sears withdrew support. Hinchliffe tried to arrange a sale to Texas American Group, who later sued Facia for giving them misleading figures, but the group collapsed in June 1996, owing £70m, and was brought into receivership by KPMG and Grant Thornton. In December 1996 the Serious Fraud Office began an investigation.

Hinchliffe was charged with fraud in December 1998. A trial at the Old Bailey concluded that Hinchliffe paid £813,750 in ‘gifts’ to Doherty to obtain £13m of unsecured loans. Doherty and Hinchliffe were both jailed by Judge Graham Boal for five years in February 2001. Paul Brady of United Mizrahi and businessman Robert Leckie were also jailed. Financial director Christopher Harrison was sentenced in February 2000 for misappropriation of funds relating to Bata. Hinchliffe served two years of his sentence, which had been reduced to four years on appeal, and was released on probation in January 2003. He and associate Christopher Harrison were subsequently convicted by Judge Jeremy Roberts in April 2003 of fraud associated with Facia’s invoices. Hinchliffe served a further 18-month sentence after pleading guilty to the £1.75m fraud, increased from a non-custodial 15-month suspended sentence in July 2003 after an appeal by the SFO and the Attorney General Lord Goldsmith. Twenty additional charges were dropped to save trial costs of up to £10m. He was released from jail in 2005.

After having left Wilkes In 1992, the company was unsuccessful in taking on several other businesses in tennis court surfacing, soccer equipment and retail. These included Shoesave changed name to Echolake Properties, Bukta Sportswear and the surfacing company En-Tout-Cas changed to Boxgrey. Boxgrey was dissolved in 1994, and shares being sold into 4 British Virgin Islands companies just before the collapse. The DTI examined all three companies collapses. Other deals included purchasing Cooper Ludlam cutlery, Colibri lighters, French & Scott cosmetics and real estate deals in Sheffield and surrounding areas, including The Sheffield Royal Hospital site and the city’s Gateway Project. Prior to being barred from serving as a director of a company until 2013 , by the Department of Trade and Industry in 1998 in connection with the collapse of En-Tout-Cas/Boxgrey, Hinchl was on the board of more than 60 companies. He also had a wife who was a director for certain companies. The company was declared in the year 2001.

Stephen Hinchliffe Net Worth

Stephen Hinchliffe is one of the richest Businessman from United Kingdom. According to our analysis, Wikipedia, Forbes & Business Insider, Stephen Hinchliffe 's net worth $5 Million. (Last Update: December 11, 2023)

Hinchliffe was the second most important UK Renault new car dealer in the 1970s. After receiving a degree as an accountant Hinchliffe began his career for the Sheffield engineering firm and the Trent Regional Health Authority. He then moved into marketing at the grocers Mars and the computer system company Memorex.

He was in 1984 when he was the leader of the management buyout of Sheffield department retailer chain Wades which was then facing an PS2m deficit, sourced from Asda with a stake of PS200,000. Following the sale, the chain made an PS2m profit before being transferred at PS20m in the hands of Waring & Gillow – the buyout team earned PS7.3m profit , while he personally earned PS2.9m. With the proceeds from the deal and other deals with property such as the Norwich Union’s Sheffield building, he purchased the Midlands engineering company James Wilkes, among other things, including a beermat maker and became the chairman when the profits grew rapidly. Wilkes’s headquarters were relocated into Beauchief Hall in Sheffield, which was a grand residence that also had dance hall in the basement. Another engineering company, Petrocon, attempted a hostile takeover of Wilkes and outlined the Hinchliffe’s indiscretions and a failed takeover in the year 1992. In the early 1990s police from the West Midlands fraud squad arrested Hinchliffe for no charge as they investigated another firm, WB Industries, who had business dealings with. He resigned from Wilkes and received PS533,000 as compensation for severance; he also received another PS131,000 from the company that provided computer services Lynx Holdings when he was required to quit his position as chairman of the company from the Board.

He owned 15% of Sheffield United football club and was on the board of directors; he attempted to become chairman but resigned in 1996 when Facia collapsed.

Height, Weight & Body Measurements

Stephen Hinchliffe height Not available right now. Stephen weight Not Known & body measurements will update soon.

Who is Stephen Hinchliffe Dating?

According to our records, Stephen Hinchliffe is possibily single & has not been previously engaged. As of December 1, 2023, Stephen Hinchliffe’s is not dating anyone.

Relationships Record : We have no records of past relationships for Stephen Hinchliffe. You may help us to build the dating records for Stephen Hinchliffe!

Facts & Trivia

Stephen Ranked on the list of most popular Businessman. Also ranked in the elit list of famous people born in United Kingdom. Stephen Hinchliffe celebrates birthday on January 2 of every year.