Case details for DAVID OCAYA OKOT


Name: B & S News Ltd

Date of Birth: 17 / 5 / 1972

Date Order Starts: 21 / 11 / 2022

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 09141191

Last Known Address: 31 Kerry Road, , , , LONDON, SE14 6EF

Conduct: Between the 21 July 2020 (date the Bounce Back Loan was credited) and 8 August 2020 David Ocaya Okot obtained a Government Backed Covid-19 Bounce Back Loan (hereinafter referred to as “BBL”) of £50,000 and failed to use it in its entirety for the economic benefit of B&S News Ltd (hereinafter referred to as “B&S News”). In addition, B&S News did not meet the criteria to apply for the loan. In that: A review of the bank statement shows that B&S News received business income for the last time on 17 January 2020. To meet the criteria for the loan businesses needed to be established and actively trading at 1 March 2020; On 21 July 2020, a BBL totalling £50,000 was paid into B&S News’ bank account. Following the receipt of the loan, the account balance stood at £50,009.50 in credit; Between 27 July 2020 and 8 August 2020 three transactions were made from the company bank account to a bank account belonging to David Okot totalling £49,750; Between 9 August 2020 and liquidation, other than charges applied to the account, no other money is paid from or into the bank account; On 18 July 2021, B&S News entered liquidation with liabilities totalling £81,450. 

This information is correct as at 31 / 10 / 2022

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