Name: Anthony Ffrancon WILLIAMS

Name: Regency Offices Ltd

Date of Birth: 16 / 10 / 1956

Date Order Starts: 19 / 10 / 2022

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 04426144

Last Known Address: 9 Miller Walk,, , , , Bathampton,, BA2 6TJ

Conduct: Anthony Ffrancon Williams, (“Mr Williams”) caused Regency Offices Limited, (“ROL”) to apply for a £50,000 Bounce Back Loan, (“BBL”), which was deposited into ROL’s bank account on 26 May 2020, and a £149,000 Coronavirus Business Interruption Loan, (“CBIL”), which was deposited into ROL’s bank account on 02 July 2020 and failed to use all these funds for the economic benefit of the business, contrary to the terms of the schemes, which caused detriment to creditors of ROL in that: • The last unaudited, abridged, accounts lodged at Companies House for year ending 30 April 2020 record a trading loss of £7,105. • On 4 May 2020 HM Treasury launched BBLs to enable small businesses to apply and receive 100% government backed loans of between £2,000 and £50,000 via an online application process. • On 26 May 2020, a £50,000 BBL was deposited into ROL’s bank account, giving a credit balance of £106,162. • The terms and conditions of the loan stated that it was to be used only to provide economic benefit to the business, and not for personal purposes. • Between 28 May and 01 June 2020, a total of £50,000 was withdrawn in 4 payments from ROL’s bank described as “Dividend” and understood to be to him and 3 connected parties/shareholders and £2,500 to another shareholder. (These payments were made 10 days after identical payments were made to the same recipients). • Between 09 June and 15 June 2020, £40,000 was transferred to ROL’s pension fund. • On 12 June 2020, £7,616 was paid out of ROL’s bank account recorded as “Directors Loan”. • The above payments amount to £100,116, out of total payments out of ROL’s bank account in this period amounting to £143,724. • On 23 March 2020, CBILs were introduced, designed to provide financial support to smaller businesses across the UK that were losing revenue, and seeing their cashflow disrupted, due to the COVID-19 outbreak. • On 02 July 2020, a £149,000 CBIL was deposited into the bank account of ROL, leaving a balance of £206,690. • Between 17 July and 10 August 2020, a total of £149,000 was transferred to a connected company, of which he and an associate were recorded as joint directors. • Between 09 and 16 July 2020, a further £40,000 was transferred to ROL’s pension fund. • The above payments amount to £289,116, out of total payments out of ROL’s bank account in this period amounting to £369,005. • Professional advice was sought on 30 September 2020 and ROL entered into Creditor Voluntary Liquidation on 10 November 2020. • On the date of Liquidation, the Statement of Affairs recorded a deficiency of £469,674, with creditors totalling £472,535, including £200,000 owed in respect of the BBL and CBIL 

This information is correct as at 28 / 9 / 2022

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