Case details for HOWARD LAWSON BANKS



Date of Birth: 28 / 11 / 1961

Date Order Starts: 11 / 1 / 2023

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 05016431

Last Known Address: Silver Springs, Beazley End, , , BRAINTREE, CM7 5JJ

Conduct: Howard Banks (“Mr Banks”) caused James Banks Ltd (“JB”) to misuse the funds received from the government-backed “bounce back loan” (“BBL”) scheme totalling £50,000 by failing to use them entirely for the economic benefit of the company, in that: Mr Banks’s application for JB’s BBL was signed and dated on 14 May 2020. On 18 May 2020 July the BBL funds of £50,000 was received into the bank account. On 18 May 2020, the same day that the BBL funds were received, payments of £49,000 and £1,000 were made to an associate company of Mr Banks. The BBL has not been used for the economic benefit of the JB in that the entirety of the loan was used for the sole benefit of an associate company. By the date of liquidation, the creditors are estimated at £85,097 of which £50,000 is owed to the bank under the BBL. 

This information is correct as at 22 / 12 / 2022

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