Craig Lloyd v Richard Hayward & Anor

Craig Lloyd v Richard Hayward & Anor

The joint venture was between Mr Lloyd and Sirocco Holdings Limited, not Mr Hayward personally; it was a contractual joint venture, not a partnership. Mortgage interest payments were properly deductible as expenses after Mr Lloyd agreed to them. The joint venture was validly terminated in December 2013 due to Mr Lloyd's inability to perform his obligations while in custody. Mr Lloyd's claim for an account or damages is statute-barred. The defendants' counterclaims for vehicle leasing reimbursement are dismissed as gratuitous and not contractually agreed.

Parties
Claimant: Craig Lloyd; First Defendant: Richard Hayward; Second Defendant: Sirocco Holdings Limited
Jurisdiction
England and Wales
Judgment Date
27 August 2025
Procedural Posture
Civil / Judgment on Liability
Outcome
Claim dismissed as statute-barred; counterclaims dismissed.
Legal Topics
Joint Venture, Partnership, Limitation of Actions, Breach of Contract, Restitution
Contract Law Commercial Law Joint Venture Partnership Limitation of Actions Breach of Contract Restitution

Case Brief

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Parties

Craig Lloyd

Claimant

Richard Hayward

First Defendant

Sirocco Holdings Limited

Second Defendant

Procedural Posture

Civil / Judgment on Liability

Legal Issues

  1. 1 Whether the joint venture was between Mr Lloyd and Mr Hayward or Sirocco Holdings Limited
  2. 2 Whether the joint venture constituted a partnership under the Partnership Act 1890
  3. 3 Whether mortgage interest payments were properly deductible as expenses of the joint venture

Ratio Decidendi

The joint venture was between Mr Lloyd and Sirocco Holdings Limited, not Mr Hayward personally; it was a contractual joint venture, not a partnership. Mortgage interest payments were properly deductible as expenses after Mr Lloyd agreed to them. The joint venture was validly terminated in December 2013 due to Mr Lloyd's inability to perform his obligations while in custody. Mr Lloyd's claim for an account or damages is statute-barred. The defendants' counterclaims for vehicle leasing reimbursement are dismissed as gratuitous and not contractually agreed.

Court Disposition

Claim dismissed as statute-barred; counterclaims dismissed.

Orders

  • Claim for account or damages dismissed as statute-barred
  • Counterclaims for vehicle leasing reimbursement dismissed