Case details for Derek Edward TOLLIDAY

Name: Derek Edward TOLLIDAY

Name: Global Stock Traders Ltd

Date of Birth: 26 / 8 / 1962

Date Order Starts: 6 / 11 / 2023

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 08848916

Last Known Address: 15 Audon Avenue, Beeston, , , NOTTINGHAM, NG9 4AW

Conduct: On 5 June 2020 Derek Tolliday (“Mr Tolliday”) caused Global Stock Traders Ltd (“Global Stock Traders”) to apply for a Bounce Back Loan (“BBL”) of £50,000 using an overstated turnover figure, when he knew or ought to have known that the company was not eligible for the loan. In that: Under the BBL scheme, businesses that were established before 01 January 2019 could apply for a loan of between £2,000 and a maximum of £50,000 based on 25% of the company’s annual turnover in the calendar year 2019. Global Stock Traders was incorporated on 16 January 2014. Global Stock Traders’ bank records shows total receipts of £4,662 for the period between 1 January 2019 and 31 December 2019. Therefore based on its actual turnover for the calendar year 2019, Global Stock Traders was not eligible for any BBL. Global Stock Traders’ Corporation Tax return and supporting account provided to HMRC for the year ended 31 January 2020 show a turnover of £3,170. On 5 June 2020 Global Stock Traders applied for a BBL of £50,000. On the application, Mr Tolliday stated the company turnover for 2019 was £300,000. BBL funds of £50,000 were paid into Global Stock Traders’ bank account on 8 June 2020. At Liquidation, the BBL of £50,000 remained outstanding. 

This information is correct as at 16 / 10 / 2023

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