Name: Richard Wood

Name: XCEL INTERIORS LIMITED

Date of Birth: 1 / 4 / 1975

Date Order Starts: 24 / 4 / 2025

Disqualification Length: 3 years Years 6 months Month(s)

CRO Number: 08673611

Last Known Address: 12 St. Johns Crescent, , , , NORMANTON, WF6 1EB

Conduct: Richard James Wood (“Mr R Wood”) allowed XCEL Interiors Limited (“XCEL”) to breach the terms of the Coronavirus Business Interruption Loan Scheme (“CBILS”) by failing to use the CBILS funds of £106,000 received on 15 April 2021 to repay in full an existing Bounce Bank Loan (“BBL”) of £50,000 obtained on 19 May 2020 as was required by the CBILS terms and conditions, in that: • XCEL applied for a BBL of £50,000 on 18 May 2020, which was paid into XCEL’s bank account on 19 May 2020. • On 06 April 2021 an application was made for a CBILS with another financial institution on behalf of XCEL. • A declaration was signed that XCEL met the eligibility criteria of the loan, and that XCEL did not have an existing loan under the Bounce Back Loan Scheme, the Coronavirus Business Interruption Loan Scheme (“CBILS”), the Coronavirus Large Business Interruption Loan Scheme (“CLBILS”) or the Covid Corporate Financing Facility (“CCFF”) or if it did, the CBILS loan would be used to repay any of the existing facilities in full. • On 15 April 2021, XCEL received £106,000 into its bank account in relation to the CBILS. XCEL failed to use these funds to repay the existing BBL in full. • XCEL made monthly repayments of £27,670 towards the CBILS loan and £18,635 towards the BBL loan. • XCEL entered Creditors Voluntary Liquidation on 23 June 2023 with total liabilities of £120,551, of which £120,550 related to the unpaid BBL and CBILS Loan. 

This information is correct as at 8 / 4 / 2025

Name: XCEL INTERIORS LIMITED

Date of Birth: 20 / 9 / 1977

Date Order Starts: 25 / 4 / 2025

Disqualification Length: 4 years Years 0 Month(s)

CRO Number: 08673611

Last Known Address: 298 Dewsbury Road, , , , WAKEFIELD, WF2 9DE

Conduct: Charles Andrew Wood (“Mr CA Wood”) caused XCEL Interiors Limited (“XCEL”) to breach the terms of the Coronavirus Business Interruption Loan Scheme (“CBILS”) by failing to use the CBILS funds of £106,000 received on 15 April 2021 to repay in full an existing Bounce Bank Loan (“BBL”) of £50,000 obtained on 19 May 2020 as was required by the CBILS terms and conditions, in that: • Following an application by Mr CA Wood on behalf of XCEL on 18 May 2020, XCEL obtained a BBL of £50,000 which was paid into XCEL’s bank account on 19 May 2020. • On 06 April 2021 Mr CA Wood applied for a CBILS with another financial institution on behalf of XCEL. • Mr CA Wood signed a declaration that XCEL met the eligibility criteria of the loan, and that XCEL did not have an existing loan under the Bounce Back Loan Scheme, the Coronavirus Business Interruption Loan Scheme (“CBILS”), the Coronavirus Large Business Interruption Loan Scheme (“CLBILS”) or the Covid Corporate Financing Facility (“CCFF”) or if it did, the CBILS loan would be used to repay any of the existing facilities in full. • On 15 April 2021, XCEL received £106,000 into its bank account in relation to the CBILS. XCEL failed to use these funds to repay the existing BBL in full. • XCEL made monthly repayments of £27,670 towards the CBILS loan and £18,635 towards the BBL loan. • XCEL entered Creditors Voluntary Liquidation on 23 June 2023 with total liabilities of £120,551, of which £120,550 related to unpaid BBL and CBILS Loan. 

This information is correct as at 8 / 4 / 2025

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