Name: Mathius THOMPSON

Name: WEST MIDZ CARS LIMITED

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: • WMCL’s financial statements for the year ending 31 March 2020 shows a turnover of £1,300. • WMCL’s 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). • WMCL’s bank statements for 2019 show no income or trading activity. • Based on the company’s 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 WMCL’s turnover for 2019 was £287,521. • On 11 May 2020, funds of £50,000 were credited to WMCL’s 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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