Name: Gary Michael Higginbotham

Name: GMH LOGISTIC SOLUTIONS LTD

Date of Birth: 27 / 9 / 1968

Date Order Starts: 29 / 10 / 2025

Disqualification Length: 11 Years  Month(s)

CRO Number: 09027944

Last Known Address: 20 Derwent Drive, Handforth,, , , , WILMSLOW, SK9 3NW

Conduct: Mr Gary Michael Higginbotham (“Mr Higginbotham”) breached the terms of the Bounce Back Loan (“BBL”) scheme by causing GMH Logistic Solutions Ltd (“GMH”) to overstate its turnover on its application for a BBL, resulting in the company receiving a BBL of £50,000 when he knew, or ought to have known, GMH was not eligible for a loan of that value, in that: • The BBL scheme terms allowed businesses to receive a loan of up to 25% of their annual turnover for the 2019 calendar year, which the applicant would self-certify when completing the BBL application.   • If a company was established after 01 January 2019, they were allowed to estimate the company turnover from the date the company started to trade. • GMH was incorporated on 07 May 2014. • Mr Higginbotham declared on the company’s BBL application form an annual turnover of £255,000, and consequently on 28 May 2020 GMH received a £50,000 BBL. • Bank statements for the period 01 January 2019 to 31 December 2019 show income totalling £10,000. • This would have meant that GMH would have been eligible to apply for a BBL of no more than £2,500. • The overstatement of turnover meant that GMH received £47,500 more than it was entitled to from the BBL scheme. Furthermore, Mr Higginbotham has failed to use the entirety of the BBL obtained by GMH for the economic benefit of the company, in that: • The terms of the BBL scheme stated that the BBL was to be used only for the economic benefit of the business, used wholly for business purposes and not personal purposes. • The bank balance prior to receipt of the BBL was £60.27. • After receipt of the £50,000 BBL on 28 May 2020, a payment of £50,000 was made to Mr Higginbotham on 29 May 2020 REF “director loan”. • Of the £50,000 payment made to the director at least £40,939.73 came from BBL funds. • The payment detailed above was not for the economic benefit of GMH and was contrary to the terms of the BBL scheme. • GMH entered Creditor’s Voluntary Liquidation on 27 July 2023. • At liquidation, GMH had liabilities totalling £50,750, of which £50,000 was owed to the bank in respect of the BBL.  

This information is correct as at 10 / 10 / 2025

If you believe this page contains any errors, please email legalservices@insolvency.gov.uk with details of the error that you have found.