Another rather lenient 4-year disqualification has just been handed out to the Company Director named in today’s case, who managed to get, and quite easily, two Bounce Back Loans for his one single business.
Dennis Cason (“Mr Cason“) caused Mondrian Consultancy Limited (“MCL”) to obtain a Bounce Back Loan (“BBL”) of £27,000 in July 2020 that it was not eligible for, having obtained a previous BBL in June 2020 from a different lender, in that:
On 29 May 2020, he submitted a BBL application to ‘Bank A’ on behalf of MCL for £20,000.
The application, which stated that the company had turnover of £120,000 during 2019, was approved and £20,000 was deposited into the company bank account held with ‘Bank A’ on 11 June 2020.
The application submitted to ‘Bank A’ and signed by him included a declaration confirming that it would be MCL’s only application for a BBL.
He submitted a second BBL application to ‘Bank B’ on behalf of MCL for £27,000.
The application was approved and £27,000 was deposited into the company bank account held with ‘Bank B’ on 13 July 2020.
