Read on for the reasons why the powers that be deemed the 12 Year bans to be necessary.
On 10 June 2020 Joanne Sanders (“Mrs Sanders”) caused or allowed Play Centres Ltd (“PCL”) to apply for a Bounce Back Loan (“BBL”) of £50,000 which she knew or ought to have known that PCL was not entitled to as PCL had already received a BBL of the maximum amount on 20 May 2020 and under the terms and conditions of the BBL Scheme only one BBL was permissible per business.
In that:
- On 20 May 2020, Mrs Sanders’ Co-Director applied for and received a £50,000 BBL through Bank A on PCL’s behalf.
- On 10 June 2020, Mrs Sanders’ Co-Director made a second application on behalf of PCL and received another £50,000 BBL through Bank B.
- The second BBL was obtained using misleading information in that Mrs Sanders’ Co-Director declared on the application that: “I/We confirm that this is my/our only application for a Bounce Back Loan for this business and I am/we are not part of a wider group which is in the process of applying for or has already received a Bounce Back Loan”.
- Mrs Sanders knew or ought to have known that this declaration was false as the business had already received a BBL on 20 May 2020.
- PCL therefore obtained a BBL of £50,000 to which it was not entitled and at administration £50,000 remained outstanding in respect of the second BBL.
On 10 June 2020 Barry Sanders (“Mr Sanders”) caused Play Centres Ltd (“PCL”) to apply for a Bounce Back Loan (“BBL”) of £50,000 which he knew or ought to have known that PCL was not entitled to as PCL had already received a BBL of the maximum amount on 20 May 2020 and under the terms and conditions of the BBL Scheme only one BBL was permissible per business.
In that:
- On 20 May 2020, Mr Sanders applied for and received a £50,000 BBL through Bank A on PCL’s behalf.
- On 10 June 2020, Mr Sanders made a second application on behalf of PCL and received another £50,000 BBL through Bank B.
- The second BBL was obtained using misleading information in that Mr Sanders declared on the application that: “I/We confirm that this is my/our only application for a Bounce Back Loan for this business and I am/we are not part of a wider group which is in the process of applying for or has already received a Bounce Back Loan”.
- Mr Sanders knew or ought to have known that this declaration was false as the business had already received a BBL on 20 May 2020.
- PCL therefore obtained a BBL of £50,000 to which it was not entitled and at administration £50,000 remained outstanding in respect of the second BBL.
