Case details for Raphael Burke

Name: Raphael Burke

Name: Truck And Trailer Services (Telford) Limited

Date of Birth: 8 / 5 / 1980

Date Order Starts: 26 / 1 / 2023

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 06813447

Last Known Address: Flat 12, Priory Leas, 57 West Park, , London, SE9 4SD

Conduct: On 20 May 2021 Raphael Burke (“Mr Burke”) caused Truck and Trailer Services (Telford) Limited (“TTST”) to breach the conditions of the Coronavirus Business Interruption Loan Scheme (“CBILS”) by transferring funds obtained under the scheme to his benefit and not for the benefit of the TTST, in that: • A Share Purchase Agreement (SPA) was made between the former directors of TTST and a company that Mr Burke was the sole director and shareholder dated 04 February 2020 which detailed the sale of TTST to the connected company, with £76,418 being the remaining balance as at 20 May 2021. • On 05 February 2021, a former director emailed Mr Burke, stating they were intending to instruct their solicitor to enforce the terms of the share sale. • Mr Burke made an application to Whiteoak (formerly LDF Finance) for a CBILS loan. • Part V of Whiteoak’s confirmation letter, which was signed by Mr Burke on 19 May 2021, states, “the Lending Facility is being used for the purposes of your working capital or investment needs, or refinance of debt, in order to support your trading in the UK.” • The first point of the declaration signed by Mr Burke states, “I am/we are entering this agreement wholly or predominately for the purpose of a business carried on by me/us or intended to be carried on by me/us.” • TTST obtained a £100,000 loan under the CBILS from Whiteoak on 20 May 2021. • On the same day the loan was received, £76,418 was paid to a former director of TTST for the deferred payment for shares in the company. • The SPA notes Mr Burke as a guarantor of the agreement “to guarantee the performance by the buyer of its obligations” and therefore the payment for the outstanding balance discharges Mr Burke by satisfying that guarantee. • Mr Burke stated to the Insolvency Service that the payment to the former director was for the purchase of the shares in the company. • At liquidation, TTST had liabilities totalling £771,771.80, including £100,000 to Lloyds Bank Plc and £131,435 to LDF Finance in respect of CBILS loans, £154,000 trade & expense creditors and £162,454 to HMRC in respect of unpaid Corporation Tax, PAYE, National Insurance and VAT. 

This information is correct as at 5 / 1 / 2023

If you believe this page contains any errors, please email with details of the error that you have found.