Case details for OMOTAYO JAMES

Name: OMOTAYO JAMES

Name: HICOLLECTIONS LTD

Date of Birth: 15 / 9 / 1974

Date Order Starts: 16 / 11 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 09412116

Last Known Address: 36a Hollywood Lane, ROCHESTER, , , Kent,, ME3 8AL

Conduct: Omotayo Collins James (“Mr James”) caused Hicollections Limited (“Hicollections”) to apply for a Government backed Bounce Back Loan (“BBL”) of £50,000 that it was not eligible for, having obtained a previous BBL for £50,000 on 5 May 2020 from a different lender in that: On 4 May 2020?Mr James applied for a BBL of £50,000 from Bank A on behalf of Hicollections which was received into the company bank account on 5 May 2020. On 12 May 2020, a second BBL payment of £50,000 was received from a different lender, Bank B into the company bank account held with them. The BBL terms and conditions in respect of Bank B required the applicant to self-declare that they had not made any other application for a Bounce Back Loan for the business.?Mr James falsely declared that Hicollections had not previously applied for and obtained a BBL with another lender. Hicollections entered Creditors Voluntary Liquidation on 9 February 2023. At liquidation, Hicollections had liabilities of £1,351,825.01 including £94,012.71 owing in respect of the two BBLs. 

This information is correct as at 27 / 10 / 2023



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