Case details for THOMAS JOSEPH LYNCH



Date of Birth: 31 / 8 / 1981

Date Order Starts: 26 / 1 / 2023

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 09214416

Last Known Address: 36 Neale Drive, Greasby, , , Wirral, CH49 1SL

Conduct: Mr Thomas Joseph Lynch (“Mr Lynch”) caused TJ Lynch Civil Engineering and Surveying Ltd (“TJLCES”) apply for and receive a Government backed Bounce Back Loan (“BBL”) of £25,000 of which at least £17,909 was not used for the for the economic benefit of the business but for the personal benefit of Mr Lynch, in that: On 07 July 2020 the credit balance in TJLCES bank account was £131, on 08 July 2020 the BBL funds of £25,000 was received into TJLCES’s bank account increasing the credit balance to £25,131. On 09 July 2020, a payment of £7,500 was transferred to Mr Lynch, on 10 July 2020 a payment of £9,329 was paid to a personal credit card provider and on 13 July 2020 a further £3,000 was paid to Mr Lynch. The sales income of TJLCES between 08 July 2020 and 13 July 2020 was £1,920. There was no further sales income received until 24 July 2020. Mr Lynch has received the economic benefit totalling £17,909 (payments to Mr Lynch totalling £10,500 on 09 July 2020 and 13 July 2020 plus the £9,329 to a personal credit card provider less the trading income of £1,920) of the BBL funds of £25,000 instead of TJLCES for which it was intended. The BBL funds transferred totalling £17,909 were over and above director’s weekly remuneration of £1,000. The balance of the BBL funds totalling £7,091 were used for day-to-day business expenditure including a payment of £5,650 to HM Revenue & Customs on 20 July 2020 leaving a balance in the bank account at £349. At the date of the liquidation creditors totalled £26,209, including the BBL of £25,000. 

This information is correct as at 6 / 1 / 2023

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