Case details for Darrel Jamie North

Name: Darrel Jamie North

Name: D W TRADING (SOUTH EAST) LIMITED

Date of Birth: 18 / 1 / 1982

Date Order Starts: 6 / 12 / 2023

Disqualification Length: 12 Years 0 Month(s)

CRO Number: 09373168

Last Known Address: LAUREL HOUSE, BELLHURST ROAD, , , ROBERTSBRIDGE, TN32 5DS

Conduct: Darrel Jamie North (“Mr North”) caused D W Trading (South East) Limited (“DWT”) to breach the terms & conditions of the Bounce Back Loan (“BBL”) scheme by knowingly providing false information to ‘Bank A’ regarding DWT’s turnover to obtain a BBL of £48,000 in May 2020 and a top up of £2,000 in Nov 2020 that DWT was not fully entitled to. Further, and in breach of the terms of the BBL scheme, Mr North caused DWT to obtain a further BBL of £40,000 from ‘Bank B’ in May 2020 which DWT was not eligible for. Mr North failed to use all the BBL funds for the economic benefit of DWT. In that: Overstatement: • The BBL scheme allowed businesses affected by the Coronavirus pandemic to apply for a BBL of between £2,000 and £50,000, up to a maximum of 25% of turnover in the calendar year 2019 or if incorporated after 1 January 2019 its estimated turnover from the date the business was started. • On 7 May 2020, Mr North submitted a BBL application to ‘Bank A’ on behalf of DWT for a BBL of £50,000. The application was approved and £48,000 was credited to DWT’s account with ‘Bank A’ on 11 May 2020. • Mr North applied to ‘Bank A’ for a £2,000 Top Up BBL on 10 November 2020, which was credited to DWT’s account with ‘Bank A’ on 12 November 2020. • For DWT to receive a BBL of £50,000 Mr North must have stated on the BBL application that its turnover was at least £200,000 in the calendar year 2019. • Company accounts for the year ended 30 December 2019 show turnover of £16,270. The accounts were signed by Mr North of 22 December 2020. • A turnover of £16,270 would allow a BBL of £4,067.50. DWT consequently received £45,932.50 more than it was entitled to. • On 11 May 2020 Mr North submitted a second BBL application to ‘Bank B’ on behalf of DWT. The application was approved and £40,000 was credited to DWT’s account with ‘Bank B’ on 12 May 2020. • Obtaining two BBLs was contrary to the conditions of the BBL scheme. Misuse • BBL funds of £48,000 were credited to DWT’s account with ‘Bank A’ on 11 May 2020. • Between 11 May 2020 and 18 May 2020 4 payments were transferred to Mr North’s personal bank account totalling £42,299.96. • BBL funds of £2,000 were credited to DWT’s account with ‘Bank A’ on 12 November 2020. On 13 November 2020, £1,800 was transferred to Mr North’s personal bank account. • BBL funds of £40,000 were credited to DWT’s account with ‘Bank B’ on 12 May 2020. • Between 13 May 2020 and 22 June 2020 6 payments were transferred to Mr North’s personal bank account totalling £35,234.96. • Mr North has failed to provide any evidence that the payments made into his personal bank account totalling £79,334.92 were used for the economic benefit of DWT. • At liquidation, a total of £50,000 is owed to Bank A and £40,000 to Bank B, in respect of the BBLs. 

This information is correct as at 16 / 11 / 2023



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