Name: James Dominic  Ludlow

Name: THECODECOMPANY LIMITED

Date of Birth: 1 / 5 / 1985

Date Order Starts: 26 / 10 / 2026

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 08262915

Last Known Address: NO FIXED ADDRESS, NO FIXED ADDRESS, NO FIXED ADDRESS, NO FIXED ADDRESS, NO FIXED ADDRESS, NO FIXED ADDRESS

Conduct: On 12 May 2020, James Dominic Ludlow (“Mr Ludlow”) caused TheCodeCompany Limited (“TCC”) to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme by overstating TCC’s turnover when applying for a BBL. As a result, TCC received a £50,000 BBL when Mr Ludlow knew, or ought to have known, that TCC was not eligible for a BBL of that amount. In that: • Under the BBL scheme, businesses could apply for one loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover. The turnover figure was self-certified by the applicant. The turnover figure required was that for the calendar year 2019, or where a business was established after 01 January 2019, an estimated annual turnover could be used. • TCC was incorporated on 22 October 2012, was established before 01 January 2019, and was therefore not allowed to estimate its turnover when applying for a BBL. • Accounts prepared for the accounting year ending 31 December 2020 show that TCC had a turnover of £69,373 for the accounting year ending 31 December 2019. • Analysis of its bank statements shows that, between 01 January 2019 and 31 December 2019, TCC received sales related income totalling £98,697.68. • Based on the income received into its bank account during calendar year 2019, TCC would have been entitled to apply for a BBL of no more than £24,674.42. • On 12 May 2020, Mr Ludlow applied for a £50,000 BBL on behalf of TCC, declaring that its annual turnover for the calendar year 2019 was £231,000. Mr Ludlow signed the agreement for the loan on 13 May 2020, and BBL funds of £50,000 were credited into TCC’s bank account on the same day. • The overstatement of turnover meant that TCC received at least £25,325.58 more than it was entitled to from the BBL scheme. • On 29 November 2024, TCC entered Creditors’ Voluntary Liquidation with liabilities totalling £113,823.44 of which £41,118.89 was owed in respect of the BBL. 

This information is correct as at 5 / 10 / 2026

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