Case details for Mathius THOMPSON

Name: Mathius THOMPSON


Date of Birth: 1 / 9 / 1989

Date Order Starts: 30 / 1 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 09971067

Last Known Address: 65 St. Marks Crescent,, , , , BIRMINGHAM,, B1 2PY

Conduct: Mathius Thompson (Mr Thompson) caused West Midz Cars Limited (WMCL) to overstate its turnover on its application for a Bounce Back Loan (BBL) to receive 50,000 for which it was not eligible. In that: WMCLs financial statements for the year ending 31 March 2020 shows a turnover of 1,300. WMCLs financial statements for the year ending 31 March 2019 shows a turnover of 2,515. The BBL criteria allowed a business to borrow between 2,000 and up to 25% of the company turnover (up to a maximum of a 50,000 loan). WMCLs bank statements for 2019 show no income or trading activity. Based on the companys turnover as stated in the annual accounts, WMCL would not have been eligible for a BBL. On 10 May 2020 he applied for a BBL of 50,000 on behalf of the company, stating in the loan application that WMCLs turnover for 2019 was 287,521. On 11 May 2020, funds of 50,000 were credited to WMCLs bank account. No evidence has been provided to show that the BBL was used for the economic benefit of the business. At the date of liquidation on 09 August 2021, a total of 53,500 was due to creditors including the full amount of the BBL. 

This information is correct as at 10 / 1 / 2023

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