Lowry Trading Limited & Anor v Matthew Haycox

Lowry Trading Limited & Anor v Matthew Haycox

The defendant made false representations about the SPV 20 loan, knowing them to be untrue, with intent to induce investment. The claimants relied on these representations and suffered loss. The defendant has no real prospect of successfully defending the claim, and there is no compelling reason for trial. Summary judgment is granted.

Parties
Claimant: Lowry Trading Limited; Claimant: Scott Fletcher; Defendant: Matthew Haycox
Jurisdiction
England and Wales
Judgment Date
01 May 2026
Procedural Posture
Civil / Summary Judgment Application
Outcome
summary judgment granted for claimants
Legal Topics
Deceit, Fraudulent Misrepresentation, Summary Judgment, Inducement, Waiver, Promissory Estoppel
Tort Commercial Law Deceit Fraudulent Misrepresentation Summary Judgment Inducement Waiver Promissory Estoppel

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 5 Authorities cited 19 Party arguments 2 Amounts and remedies 3
Sign in to unlock

Parties

Lowry Trading Limited

Claimant

Scott Fletcher

Claimant

Matthew Haycox

Defendant

Procedural Posture

Civil / Summary Judgment Application

Legal Issues

  1. 1 Whether the defendant made false representations knowingly or recklessly with intent to induce investment
  2. 2 Whether the claimants relied on the false representations and suffered loss
  3. 3 Whether summary judgment is appropriate in a deceit claim where dishonesty is alleged

Ratio Decidendi

The defendant made false representations about the SPV 20 loan, knowing them to be untrue, with intent to induce investment. The claimants relied on these representations and suffered loss. The defendant has no real prospect of successfully defending the claim, and there is no compelling reason for trial. Summary judgment is granted.

Court Disposition

summary judgment granted for claimants

Orders

  • Defendant to pay claimants' costs of the application, to be assessed on the standard basis if not agreed
  • Permission to appeal refused