Name: EUGENE MCMANUS

Name: M1 Construction Limited

Date of Birth: 22 / 8 / 1961

Date Order Starts: 11 / 1 / 2023

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 08913951

Last Known Address: 29 Ollerton Green, , , , LONDON, E3 2LB

Conduct: Eugene McManus (“Mr McManus”) caused M1 Construction Limited (“M1”) to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme by applying £27,811 of £50,000 BBL monies received by M1 (BBL of £15,000 on 9 December 2020 and a top up loan of £35,000 on 11 February 2021) for his own benefit rather than for the economic of M1, in that: • The BBL Scheme conditions state that funds are to be used for the economic benefit of the business and not for personal purposes. • On 7 December 2020, Mr McManus applied for a BBL of £15,000 which was received on 9 December 2020. Prior to receipt of the BBL, the account balance was overdrawn in the sum of £4,435. • On 9 February 2021, Mr McManus applied for a BBL top-up of £35,000 which was received on 11 February 2021. • Between 9 December 2020 and 1 June 2021, in addition to the BBL proceeds, bank statements record total credits of £6,749. • Between 9 December 2020 and 2 June 2021, £22,040 was transferred to Mr McManus’s personal account (including £9,900 between 4 May 2021 and 2 June 2021). • Between 15 December 2020 and 18 June 2021, £5,771 was withdrawn in cash (including £2,450 between 4 May 2021 and 18 June 2021). • Mr McManus has provided no evidence to show that the £27,811 was used for business expenditure and the economic benefit of M1. • At liquidation on 13 September 2021, liabilities totalled £87,508 of which £50,000 was owed to the bank in respect of the BBL and £37,508 was owed to HMRC. 

This information is correct as at 22 / 12 / 2022

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