Brothers £7m construction firm tax fraud paid for boats, cars and holiday homes

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Brothers £7m construction firm tax fraud paid for boats, cars and holiday homes
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A construction company boss is facing a lengthy prison sentence after committing a tax fraud that ran to more than £7m

A construction company boss is facing a lengthy prison sentence after committing a tax fraud that ran to more than £7m.

Mark Stead ran the business on the Estuary Business Park, on Henry Boot Way, Hull, and in the village of Laceby near Grimsby. His brother David, of Stoke-on-Trent, managed the company for two years between 2015-2017, during which he falsified purchase lists and invoices. He denied any wrongdoing but was convicted after a trial.

Thanks to the fraud, Mark Stead and his wife Everett were able to live a lavish lifestyle, which was only possible due to the crimes that they committed. “He has seven children. They were only made aware this week he will be going to prison. He is remorseful and accepts, if not for him, none of the other defendants would find themselves in this position.”

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