Name: Jennifer Sarah Elderkin

Name: FOWEY RIVER LIMITED

Date of Birth: 28 / 3 / 1969

Date Order Starts: 1 / 5 / 2024

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 04957302

Last Known Address: Tresithick Cottage,, , Carnon Downs,, , TRURO,, TR3 6JW

Conduct: On 15 May 2020 Jennifer Sarah Elderkin (“Mrs Elderkin”) allowed Fowey River Limited (“Fowey”) to utilise £31,157 in Bounce Back Loan (“BBL”) funds for her own benefit and for the benefit of associates and not for the economic benefit of Fowey. In that: • in the BBL application, Mrs Elderkin’s co-director undertook that Fowey would use the BBL proceeds to provide economic benefit to the business and not for personal purposes; • £50,000 was advanced on 18 May 2020 and between 28 May and 11 June 2020 Mrs Elderkin allowed Fowey to utilise £10,000 to pay a loan to a connected party, £10, 000 to make a payment to a connected company and £11,157 payment for her co-director’s personal credit card. • Fowey went into liquidation on 22 April 2021 without having made any BBL repayments 

This information is correct as at 15 / 4 / 2024

Name: FOWEY RIVER LIMITED

Date of Birth: 7 / 10 / 1967

Date Order Starts: 1 / 5 / 2024

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 04957302

Last Known Address: Tresithick Cottage,, Carnon Downs, ,, , , TRURO, TR3 6JW

Conduct: On 15 May 2020 David William Elderkin (“Mr Elderkin”) caused Fowey River Limited (“Fowey”) to breach the conditions of the Bounce Back Loan (“BBL”) scheme by overstating Fowey’s turnover when applying for a BBL of £50,000 when he knew or ought to have known that Fowey was not eligible for a BBL of that amount. In addition, between 18 May and 11 June 2020 Mr Elderkin caused Fowey to utilise at least £24,696 of the BBL funds for his personal benefit or for the benefit of associated parties, and not for the economic benefit of Fowey. In that: • in the BBL application Mr Elderkin signed a declaration that Fowey would use the loan proceeds to provide economic benefit to the business and not for personal purposes; • between 18 May and 11 June 2020 Mr Elderkin caused Fowey to pay £10,000 to an account held by himself and a connected party, £10,000 to a connected company and £10,707 to his personal credit card accounts, at least £24,696 of which payments can only have been made from the BBL advance; • Fowey went into liquidation on 22 April 2021 without having made any BBL repayments. 

This information is correct as at 15 / 4 / 2024

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