Case details for John Peter Gittins

Name: John Peter Gittins

Name: SDMF LTD

Date of Birth: 18 / 3 / 1961

Date Order Starts: 28 / 3 / 2022

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 06930443

Last Known Address: 12 Plough Lane, Newborough, , , PETERBOROUGH, PE6 7SR

Conduct: Between May 2020 and October 2020 John Peter Gittins caused SDMF Ltd (“SDMF”) to breach the conditions of the Bounce Back Loan Scheme by applying the whole of the £8000 received in Bounce Back Loan funds for his personal benefit and not for the economic benefit of SDMF. In that:- • In February 2020, SDMF lost a contract which was its only source of income. As a consequence, following advice from the company accounts Mr Gittins who was sole employee removed himself from the payroll and a P45 was issued on 6/3/2020, terminating his employment with SDMF. • From March 2020, the company no longer engaged in trading or commercial activity. SDMF’s only creditor was HMRC in respect of Corporation Tax for £6020. • In May 2020, Mr Gittins made application on behalf of the SDMF for a BBL with Santander Bank. • Bank records show on 15 May 2020, SDMF received a payment of £8,000 into its bank account referenced ‘loan advance’. • In the following months Mr Gittins withdrew £6840 and states he used this for ‘salary’ payments. • A further £1205 was used to pay direct debits for personal benefit. • At liquidation on 23 June 2021, SDMF’s deficiency was £16,844 comprising of 3 liabilities being HMRC for £7126, Santander for £8000 and Accountants for £1717. 

This information is correct as at 8 / 3 / 2022



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