Case details for KAREN DAVIES

Name: KAREN DAVIES

Name: GENERAL SCAFFOLDING (SOUTHERN) LTD

Date of Birth: 9 / 6 / 1974

Date Order Starts: 13 / 4 / 2022

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 09986850

Last Known Address: 89 Meon Road,, , , , SOUTHSEA,, PO4 8NW

Conduct: Mrs Karen Davies (‘Mrs Davies’) caused General Scaffolding (Southern) Limited (‘GSS’) to apply for a Bounce Back Loan of £50,000 at a time when she knew or ought to have known that GSS was not eligible to apply for the loan and would not be able to repay the money received, in that: GSS’s accountant raised concerns about the company’s solvency following the preparation of the 31 March 2018 year end accounts which showed a loss of £74,527. The accounts were signed by the directors on 19 March 2019. On 06 December 2019, an HMRC enforcement agent entered GSS’ trade premises and seized control of company vehicles and stock in respect of outstanding tax liabilities of £146,272 owed by GSS. On 31 January 2020, GSS and its directors were issued a Notice of Requirement by HMRC to provide security of £65,374 in respect of PAYE & NIC and £150,939 in respect of VAT. Eligibility for the BBL required confirmation that a business was engaged in trading at the date of the application. In April 2020 GSS ceased to trade its employees and assets transferred to a connected company. Therefore as GSS was not trading at the date of the application, it did not meet the self-certified eligibility criteria On 24 June 2020, a credit provider invited GSS to apply for a Bounce Back Loan (BBL) to repay an existing credit card debt it was owed by GSS and which was personally guaranteed by her co-director. On 25 June, GSS applied for a BBL of £50,000. On the application form, completed by her co-director, it was stated GSS had been adversely impacted by Covid-19 and had not been in any financial difficulty as at December 2019 and was engaged in trading. On 30 June 2020, GSS received a BBL of £50,000. £32,000 of the loan money was automatically used to clear credit card debt owed to the loan provider. The remaining loan monies were paid into her co-director’s personal account and later transferred to GSS’ account 

This information is correct as at 23 / 3 / 2022


Name: SHANE DAVIES

Name: GENERAL SCAFFOLDING (SOUTHERN) LTD

Date of Birth: 30 / 9 / 1971

Date Order Starts: 13 / 4 / 2022

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 09986850

Last Known Address: 89 Meon Road,, Southsea,, Portsmouth,, , Hampshire,, PO4 8NW

Conduct: Mr Shane Davies (‘Mr Davies’) caused General Scaffolding (Southern) Limited (‘GSS’) to apply for a Bounce Back Loan of £50,000 at a time when he knew or ought to have known that GSS was not eligible to apply for the loan and would not be able to repay the money received, in that: GSS’s accountant raised concerns about the company’s solvency following the preparation of the 31 March 2018 year end accounts which showed a loss of £74,527. The accounts were signed by the directors on 19 March 2019. On 06 December 2019, an HMRC enforcement agent entered GSS’ trade premises and seized control of company vehicles and stock in respect of outstanding tax liabilities of £146,272 owed by GSS. On 31 January 2020, GSS and its directors were issued a Notice of Requirement by HMRC to provide security of £65,374 in respect of PAYE & NIC and £150,939 in respect of VAT. Eligibility for the BBL required confirmation that a business was engaged in trading at the date of the application. In April 2020 GSS ceased to trade its employees and assets transferred to a connected company. Therefore as GSS was not trading at the date of the application, it did not meet the self-certified eligibility criteria. On 24 June 2020, a credit provider invited GSS to apply for a Bounce Back Loan (BBL) to repay an existing credit card debt it was owed by GSS and which was personally guaranteed by Mr Davies. On 25 June, GSS applied for a BBL of £50,000. On the application form, completed by Mr Davies, Mr Davies stated GSS had been adversely impacted by Covid-19 and had not been in any financial difficulty as at December 2019 and was engaged in trading. On 30 June 2020, GSS received a BBL of £50,000. £32,000 of the loan money was automatically used to clear credit card debt owed to the loan provider. The remaining loan monies were paid into Mr Davies’ personal account and later transferred to GSS’ account. 

This information is correct as at 23 / 3 / 2022



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